IHS Markit Cinema Intelligence has now updated the Market Tracker to Q3 2017. This is a quarterly Market Tracker and aimed at giving subscribers access to the latest data and thoughts on key trends in the Chinese cinema industry.
The Chinese cinema market in the first three quarters of 2017 is performing well, driven by a few hits. Local title, Wolf Warriors 2 (2017), became China’s highest hit of 2017 and also of all time, grossing RMB 5.6 billion ($862.7 million). Hollywood film, Fast and Furious 8, comes in as the second highest in 2017 to date.
The total box office in the first three quarters reached RMB 42.6 billion ($6.4 billion), a 20% growth over the same period of the previous year. Majority of the top 10 exhibitors has already surpassed their 2016 box office result with the first three quarters’ performance. Screen growth is still dynamic in 2017, with approximately 7,292 new screens added in the first nine months of 2017, or 27 screens per day, a similar rate to 2016.
More market trends and analysis can be found in the Q3 Market Tracker.