Wednesday, January 2, 2013

Overtake by Foreign Films Domestic Productions at 2012 Chinese Box Office



Official statistics reveal annual takings for Chinese movies trail imports for the first time in history, despite the late surge of record-breaking comedy "Lost in Thailand."

HONG KONG – While releasing the year-end figures about soaring takings at the Chinese box office in 2012, officials from the State Administration of Radio, Film and Television’s Film Bureau have emphasized how the spectacular leaps in earnings -- total revenue rising by 28 percent, takings of homegrown films by 14 percent – showcased the “potential and hope” of the country’s film industry.
"Lost in Thailand"  comedy has already taken 940 million yuan (US$150.7 million) until Dec. 30

According to the Film Bureau’s figures, domestic productions have taken just 8 billion yuan (US$1.28 billion) -- just 47.6 percent of the total annual gross of 16.8 billion yuan (US$2.69 billion). In 2011, homegrown films accounted for 53 percent of the total ticket sales of 13.1 billion yuan (US$2.1 billion).


The Chinese market could have succumbed even more to imports if not for the performances during the past week of domestic hits such as "Lost in Thailand", Feng Xiaogang’s Back to 1942 and Jackie Chan’s "Chinese Zodiac". Official figures reveal that homegrown productions only took up 35 percent of box office totals in the first half of the year, with three imports -- Titanic 3D, The Avengers and Mission Impossible: Ghost Protocol -- leading the rankings until Painted Skin: Resurrection (released in July) and then Lost in Thailand.

The fortunes of mainland filmmakers in 2013 remain very much in flux. But one thing is for certain: film consumption China has certainly grown astronomically, as total gross has increased a staggering 19 times during the past decade, from 900 million yuan (US$144.2 million) in 2002 to 16.8 billion yuan (US$2.69 billion) this past year.

Read More: http://www.hollywoodreporter.com/news/foreign-films-overtake-domestic-productions-407387



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