China’s Booming Film Industry Makes History At Box Office

March 2, 2015

Chinese Box Office

The second largest film market in the world made history as it overtook the largest in February. For the first time ever, the Chinese box office out-earned the United States.

The Lunar New Year celebrations certainly gave the market a boost, which is peak-season for movie-goers in the country. Due to cultural celebrations, more emphasis was placed on domestic films than foreign.

Leading the way was The Man from Macau II, which stars Chow Yun-Fat and brought in $104 million. The runner up was Jackie Chan’s Dragon Blade, bringing in $95 million.

As a comparison, the biggest showing for a Hollywood film was The Hobbit: The Battle of the Five Armies, which brought in $36 million.

In total, the Chinese box office brought in a whopping $650 million. $270 million of that came during the New Year week alone.  That beats their previous record of $580 million which was set last July.

The North American market, for which February does not typically represent a strong month, brought in a total of $710 million. But once you get rid of Canada’s numbers, that total drops to $640, falling short of China’s earnings.

The festive season didn’t just give China a boost, however. The markets in Hong Kong and Korea also saw an upswing.

While the #1 position at the box office may only be temporary (for now), it is a sure sign that the movie industry in China is rapidly growing; perhaps faster than anyone had anticipated. With the amount of creative energy the country has to offer, this can only be a good thing for the movie industry as a whole.