China's movie scene is lighting up the globe! 🌟 As of Monday, the Chinese film market has kicked off 2024 with a bang, raking in a whopping 6.4 billion yuan ($890 million). This massive success catapults China to the top of the world's box office charts, outpacing North America, according to film tracking site Maoyan.
What's fueling this cinematic surge? The ongoing Spring Festival holiday, of course! 🧧🎉 Since the start of the eight-day celebration on Saturday, box office earnings (including presales) have skyrocketed past 3.4 billion yuan ($473 million). Talk about starting the year with a blockbuster!
Dominating the charts are homegrown hits that have moviegoers buzzing. Leading the pack is the highly anticipated comedy-drama \"YOLO\", bringing laughs and heart to audiences nationwide. Close on its heels are \"Johnny Keep Walking!\" and \"Pegasus 2\", rounding out the top three spots.
But the excitement doesn't stop there! According to the recently released \"Global Entertainment and Media Industry Outlook 2023 to 2027\" by PwC, China's total cinema revenue is set to reach a staggering $13.2 billion by 2027. That's a solid 27% of the global total, surpassing the U.S. movie market's 23%. 🎥🌍
\"China's film production capacity will continue to soar,\" the report highlights, \"with a steady supply of films and growing international influence.\" Looks like the world better get ready for more epic tales from the East!
So, grab your popcorn 🍿 and get comfy, because China's cinematic journey is just getting started!
Reference(s):
cgtn.com
