China Cinema Market will be US$ 22 Billion by 2025 | Renub Research

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China Cinema Market
China Cinema Market
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China Cinema Market
According to the latest report by Renub Research,
titled "China Cinema Market, By Film Production,
Online Market, Tier Cities, Ticket Price, Movie
Screen, Movie Admission, Company" China's motion
picture market is growing at a rapid pace. By the
end of the year 2020, China will surpass North
America in revenue produced as well as in the
number of viewers. This growth is propelled by
the initiative taken by Chinese internet firms,
namely Alibaba, Baidu and Tencent. Real estate
developer like Wanda, these firms have used
available resource to enter the entertainment
industry and developed an ecosystem and
environment for the cinema market in China.
According to Renub Research analysis, China
Cinema Market is forecasted to be US 22
Billion by 2025.
China Cinema Market
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China Cinema Market
Wanda Group has purchased AMC Entertainment
Holding Inc. (AMC), and it has become the world's
largest cinema chain operator. This group has
been listed on Shenzhen Stock Exchange's SME
Board in early 2015, and it was first cinema
chain stock listed on china stock
market. China's culture and entertainment
industry are growing at a rapid pace since the
last few years, and this trend will continue in
the upcoming years as well. Entertainment forms
like films, television and online videos will
experience rapid development and competition
between "new giants" and "old giants" will become
ferocious. Collaboration between different
business and competition will be much more than
earlier times. Chinese like to watch Feature
Film and Famous Science Films as they are
produced in large numbers as compared to other
films. China cinema industry also produces
special films, cartoon and documentary films.
Currently, major cities in China are having a
significant share in cinema market as compared to
Tier 3, Tier 4 and Tier 5 cities as they have
higher per capita income, disposable income and
rapid growth of 3D screens in the country.
China Cinema Market
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China Cinema Market
COVID-19 Impact on China Cinema Market COVID-19
has impacted China cinema market almost 44 films
in China cancelled or postponed in till March 15.
The Chinese government has also ordered shut down
of cinemas, and the whole film industry is also
under heavy regulation. The Chinese government
also regulates film shooting in some parts of the
country, and more than 70,000 movie theatre has
been closed due to epidemic. The ticket sale has
also declined during the Chinese New Year holiday
period. The impact of COVID-19 is also on the
global cinema market according to some reports
the loss will be almost up to US 5 Billion.
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China Cinema Market
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China Cinema Market
Market Summary By Film Production The research
report covers Special Films, Feature Film,
Popular Science Films, Cartoons and Documentary.
According to the report, Chinese likes to watch
Feature Film and Popular Science Films as
compared to other types of films. By
Type Domestic, Imported, Exported films market
are also covered in this research report By
City The ticket price and market of 1st, 2nd,
3rd, 4th, 5th Tier cities are covered in the
report. Tier 1 and Tier 2 cities have much more
market share than Tier 3, Tier 4 and Tier 5
cities. By Company Overview, Recent Development
and Sales Analysis of IMAX China Holding, SMI
Holdings Group Limited, Huayi Tencent
Entertainment Company Limited, Perfect World,
Wanda Film Holding Co Ltd are covered in this
research report.
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China Cinema Market
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China Cinema Market
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China Cinema Market