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Web-based video services will be the biggest application in the Internet industry in the coming years. But analysts warn that with big money to be made, the industry is at risk.
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The joint venture SAGE will be an investment of several hundred million dollars and aims to introduce a wide array of Chinese programs with an emphasis on classical music and dance artists.
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The CEO of the Beijing-based entertainment company talks about government restrictions, the rise of local movies and the biggest change in the last 20 years: "China sells itself now."
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Imax's theater backlog includes a recent 30-screen deal with CJ CGV, and Wanda and Imax recently revised their 2011 joint revenue sharing agreement to add at least 40 and 120 new theaters throughout China.
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Zhang Ziyi and Li Kang-sheng won the Best Leading Actress and Best Leading Actor respectively for the 50th Golden Horse Film Awards, one of the biggest Chinese-language film industry's annual events.
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As with many industries, Hollywood has become hyper aware of the potential for profit in China, which in 2012 became the world's second largest box office.
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China’s movie market has maintained an astonishing annual growth of more than 30 percent in the past few years. But despite such staggering growth, there are still many problems to be solved.
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11/18/2024-11/24/2024
| Movie | Gross | Admissions | |
|---|---|---|---|
|
Gross:US$20.43(M) Admissions:3374693 Total:US$190.39(M) |
|||
| Brave New World | US$10.52(M) | 1977683 | |
| CrayonShinchantheM... | US$8.94(M) | 1715685 | |
| Gladiator II | US$3.17(M) | 531219 | |
| Venom: The Last Da... | US$3.15(M) | 542221 | |
| The Young Couple A... | US$2.82(M) | 596345 | |
| Cesium Fallout | US$2.66(M) | 461292 | |
| Harry Potter and t... | US$2.19(M) | 362864 | |
| The Untold Story | US$0.76(M) | 133105 | |
| Harry Potter and t... | US$0.74(M) | 125791 | |