Chinese film market reaches historic high
- By Zhang Rui
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E-mail China.org.cn, July 20, 2015
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Poster of "Jian Bing Man" [Photo/Mtime.com] |
Observers estimate that "Monster Hunt" will become the highest-grossing Chinese domestic-made movie ever, breaking the record held by Xu Zheng's "Lost in Thailand," which grossed 1.26 billion yuan (US$202.9 million).
"Monkey King: Hero Is Back," an animated adaption of the Chinese fantasy classic "Journey to the West" and already the biggest-grossing Chinese animation of all time, had made 466 million yuan (US$75 million) in total as of Sunday. Observers predict that ticket sales for the "dark horse" animated film, which was downplayed and ignored by many theaters, will eventually exceed US$100 million to overtake the previous highest-grossing animated film in the Chinese market, "Kung Fu Panda 2," which made 617 million yuan (US$99.33 million) in total.
Sequels to "Monkey King" are being planned, and Chinese film giant Enlight Pictures has gotten involved and pledged to fund the next installments in the franchise.
"Jian Bing Man," a critically acclaimed comedy mocking Chinese showbiz life, made 139 million yuan (US$22.37 million) on its debut day, setting the biggest opening day and single day records for a 2D Chinese-made film. It grossed 427 million yuan (US$68.78 million) in three days over the weekend.
Dong Chengpeng – the film's writer, director, and star – said the film's budget was just 80 million yuan (US$12.88 million), so the cost of making the film was completely recouped just 14 hours after its release.
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