Domestic film gains 12.7 bln yuan box office
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E-mail CRI, January 14, 2014
Latest government figures show that China's domestic film industry performed well in the past 2013 and the new year looks promising as well.
China's domestic film productions raked in 12.7 billion yuan in 2013, accounting for nearly 60 percent of the total box office takings with a growth rate of 54.32 percent year-on-year, an official data has revealed.
According to data from the State General Administration of Press, Publication, Radio, Film and Television, the figure compares with a 2.3 percent increase of box office takings from imported films from a year earlier.
Four of the top five highest-grossing films in the year were Chinese fare, with action-comedy "Journey to the West: Conquering the Demons" co-directed by Stephen Chow topping the list by taking 1.2 billion yuan.
The other three homegrown movies that have made the top five list, namely nostalgic youth drama romance "So Young", crime-action film "Young Detective Dee: Rise of the Sea Dragon" by legendary action director Tsui Hark and "Personal Tailor", the latest comedy from Feng Xiaogang, one of China's most bankable helmers, pulled in over 500 million yuan each at box office.
Other popular domestic films included Seattle-set romantic comedy "Finding Mr. Right", martial arts drama film "The Grandmaster" and novel-to-movie adaptation "Tiny Times".
The huge growth of box office revenues from Chinese films as a whole compared with a year ago, experts said, can be attributed to an improved structure of the film industry and a growing number of homegrown movies that are more accessible and fun to watch.
Restrictions on the imports and distribution of US-made films into China are also cited as a contributing factor.
Meanwhile, it is expected that China's "youthful" film market, the world's second-biggest after America, will continue its rapid growth in years to come.
The Academy of Motion Picture Arts is known worldwide for its annual Academy Awards, or the Oscars officially. Sid Ganis is the former president of the Academy of Motion Picture Arts and Sciences.
"The Chinese film market place is in a certain kind of youthfulness. Not infancy, but youthfulness. It's now blossoming out, it's growing at this amazing rapid rate."
According to the media reports, China's box office takings in 2012 exceeded 17 billion yuan, with domestic movies contributing 48.46 percent of the total.
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