China Cinema Market Report 2021: Market had Reached an Unparalleled 'Golden Age' - Forecast to 2026 with Effects of COVID-19 Insights
DUBLIN, June 25, 2021 /PRNewswire/ -- The "China Cinema Market Forecast by Film Production, Tier City, Movie Industry, Ticket Pricing, Company Analysis" report has been added to ResearchAndMarkets.com's offering.
China Movie Market is expected to reach US$ 16.5 Billion by 2026 from US$ 3.4 Billion in 2020, growing at a staggering CAGR of 30.12% from 2020 to 2026
Until the outbreak of COVID-19, the China Cinema Market had reached an unparalleled 'golden age'. But the market declined in 2020 due to COVID-19 since all multiplex were closed.
However, 2021 is proving to be a blockbuster year for the Chinese movie industry as economy has opened. The ticket sale from Chinese movie theatres, which has largely contained the coronavirus, has shown a huge jump. The China multiplex revenue for 2021 is expected to surpass the figures of 2019.
In China, factors that drive the cinema industries development are increasing the quota of foreign film in China, growth in the number of 3d screens in China, rising disposable incomes, growing number of working populations, rapid technology development in the filmmaking, film-screening equipment manufacturing industries, and the implementation of the cinema circuit system. In future the online movie industry is also expected to emerge as the 'new giant'.
China's film industry is on record for accelerated growth over the upcoming years. In the Chinese film industry, various films are created, such as feature film, cartoons, popular science films, documentary films, and special films. Feature Film and Popular Science Films is leading in the China cinema industry as people are interested and are enjoying these in theatres.
Additionally, the Cinematic Imports in China maintain tight command over foreign films that are permitted to be screened, potentially pushed by the concern that a completely open market would endanger the local filming industry.
Currently, there are two business models for foreign films releasing in China: revenue-sharing and flat-rate (i.e., a buy-out). On the other hand, Joint productions are deemed as domestic films. They can be directly released in the PRC after completing and passing the censorship review.
The 1st Tier and 2nd Tier cities in China hold most of the China cinema market due to the availability of more theatres, infrastructure, and people willing to pay higher prices for tickets than 3rd Tier and 4th cities. Ticket rates in these cities are also much higher than in the rest of the cities.
The companies acting as the major players in the China Cinemas industry include Dalian Wanda Group, China Film Group Corporation, Guangdong Dadi Cinema Circuit Co. Ltd., Shanghai Film Group Corporation and Hengdian Group Holdings Limited.
Effect of COVID-19 on the Chinese Cinema Industry:
Revenue for Cinemas in China declined in 2020, as the COVID-19 pandemic has severely restricted film screening activity. But, the demand for film watching is surging in Chinese theatres as they were able to reopen by midyear and have seen continuous audience growth.
Lunar Year for 2021 came as a blessing for the Chinese box office, as most people were encouraged to stay in the city. So watching movies in the theatres became the top choice of entertainment. Besides, the lack of other entertainment options helped pump up ticket sales during the pandemic.
Key Topics Covered:
1. Introduction
2. Research & Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. China Movie Market
5.1 Domestic (Chinese) Movies
5.2 Imported Movies
5.3 Exported Movies
6. Market Share
6.1 By Source Type
6.2 By Tier Cities
7. China Film Production Volume Analysis
7.1 Feature Film
7.2 Cartoons
7.3 Popular Science Films
7.4 Documentary Films
7.5 Special Films
8. China Tier City Movie Market
8.1 1st Tier Cities
8.2 2nd Tier Cities
8.3 3rd Tier Cities
8.4 4th Tier Cities
8.5 5th Tier Cities
9. China Online Movie Market
10. China Movie Industry Analysis
10.1 Movie Screens in China
10.2 Movie Admission in China
11. Tier City - China Movie Ticket Pricing Analysis
11.1 1st Tier Cities
11.2 2nd Tier Cities
11.3 3rd Tier Cities
11.4 4th Tier Cities
11.5 5th Tier Cities
12. Company Analysis
12.1 IMAX China Holding
12.1.1 Overview
12.1.2 Recent Development
12.1.3 Sales Analysis
12.2 SMI Holdings Group Limited
12.3 Huayi Tencent Entertainment Company Limited
12.4 Perfect World
12.5 Wanda Film Holding Co Ltd
For more information about this report visit https://www.researchandmarkets.com/r/frh8a5
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article