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numble

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    China Box Office Thread | Oppenheimer-August 30

    in China At The Box Office

    Posted

    43 minutes ago, sgchn40 said:

     

     

    So would anything produced by Legendary Entertainment be considered as "domestic production"?

     

    4 hours ago, numble said:

    So will films produced by Legendary Films be considered imports? I assume yes since it is still legally an American company? Is there any specific regulation on foreign imports and co-productions? I can read Chinese if needed.

    I did some preliminary looking into the issue myself.  This is the memorandum of understanding that provides for the 34 film quota, which revised the previous 20 film quota:

    http://www.state.gov/documents/organization/202987.pdf

     

    There is some leeway to say that Legendary would be considered Chinese, as you can argue that it is now a Chinese-invested enterprise:

    "Chinese enterprise" includes any Chinese state-owned or state-controlled enterprise or private Chinese-invested enterprise.

     

    Other interesting tidbits:

     

    The recent expansion of the quota only applied to films that can be screened in 3D/IMAX, maybe one reason why they released Furious 7 in 3D:

    China confirms that enhanced format films are not subject to the 20-film commitment set forth in the Additional Commitments under Sector 2.D. of its GATS Schedule ("RevenueSharing Film Commitment"). China further agrees that it will allow the importation of at least 14 enhanced format revenue-sharing films per calendar year beginning in 2012.

     

    They will negotiate for changes in  2017:

    In calendar year 2017, China and the United States will engage in consultations. Through this consultation process, China and the United States will provide for further meaningful compensation to the United States in terms of the number of enhanced format films to be imported each year and the share of gross box office receipts received by U.S. enterprises.

    • Like 2

    China Box Office Thread | Oppenheimer-August 30

    in China At The Box Office

    Posted

    Any truth to this article:

    http://www.breakingviews.com/china-box-office-boom-loses-movie-magic-up-close/21220019.article

     

    Yet as with many Chinese statistics, the numbers may not be as dazzling up-close. The likes of Wanda Cinema Line, which is China’s market leader with 191 theatres, report box office takings based on the full ticket price. But many tickets bought online are sold at a discount, with cinemas and online sites often subsidizing the difference.

    So users of Wanda’s site can currently buy movie tickets in Beijing at up to 40 percent less than the regular price. Meanwhile, discount sites, such as the Alibaba-backed Meituan, are selling tickets at certain cinemas at almost 80 percent off the full price. This matters because half of all movie tickets in China are now bought online.

    It’s not unusual for cinemas to offer discounts to boost audiences. And it’s far from clear what proportion of ticket sales are subsidised by cinemas and web groups. What seems certain, however, is that subsidies are flattering the growth in the headline box office numbers. Though a growing number of Chinese people are going to the cinema, the boom may not be as much of a blockbuster as the statistics suggest.

     

    What Year Will China Pass Domestic?

    in China At The Box Office

    Posted

    here is we see the growth falter

     

     

    2013 2014   2015       1650 1920 +16.4% 2590 +34.9%     2120 3240 +52.8% 4050 +25.0%     1390 1620 +16.5% 2910 +79.6%     1790 1770 -1.1% 4090 +131.1%     2130 2220 +4.2% 3180 +43.2%     1820 2720 +49.5% 3286 +20.8%     1790 3610 +101.7% 2900 -19.7%     2320 2550 +9.9%         1300 1800 +38.5%         1600 2760 +72.5%         1560 2300 +47.4%         2200 2460 +11.8%         15,010 17,100   23,006 +34.5%       $2,758   $3,711      

     

    June exploded last year thanx in part to TF4 and the next 11 months saw massive growth with a number of months up huge. now we come back around and there are some tough numbers to surpass starting with july. itll be interesting to see how many months fail to grow and which ones can pop to new levels. sept thru dec have room to pop but next spring will be tough to beat

    I think this chart is inaccurate.  June was up.

     

     

    First 7 days in July down 35%. 1000m yuan to 650m. Going to be a big down month. The first in 10 years, The first sign of parabolic fatigue showing, Will still be a great year, but not up 40 or 50% as the beginning of the year portended. 25-30% more likely, maybe $6,2B total. Next year I will assume be up too but breaking next march, april and may will be tough and 2016 and 2017 will need to be up 40% each to surpass domestic at $11B.

    A lot of hype on "tiny times", lets see if the growth continues or if there is a 4th installment drop as what often happens in the west. If it bombs like HA, July is doomed and it will be up to Hollywood to save the summer in august

    July was also not a big down month...

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