China And Movies, A Big Step Forward

As things stand at present the USA is the leader in the celluloid world as it has a global reach and audience. In 2010 it generated box office revenues of $ 11 billion. The next nations in order of Box office receipts are Japan and India with collections of $2.5 billion and 2.2 billion respectively. These figures are way behind Hollywood. China however has made impressive strides and at present ranks just after India. This is impressive considering the fact that China Films industry is still in its infancy. It is estimated that the Chinese Film industry generated box office receipts of $ 1.5 billion in 2010 and also produced nearly 500 films. In terms of figures the Chinese box office earnings jumped 64% in 2010 compared to previous years. This contrasts with Indian film revenue increasing every year by only about 10-12%.

China And Movies, A Big Step Forward

China after success in other fields has entered the film world as well and will be a threat to the established players

 China is soon going to be the world’s largest economy. It is having a stupendous growth rate and its rival India is way behind. China has already made its mark in almost every field including sports and also has many distinctions in space technology, world’s fastest train and the world’s largest car market. It was only a matter of before the Dragon turned its attention to the celluloid world-films. This the Chinese have now duly done and the film industry in China is on an upswing and it will be no wonder if they outstrip Hollywood and India.
Content Source: Bukisa - China And Movies, A Big Step Forward