Data released by the China National Film Administration showed that China’s total box office movie revenues in 2024 were RMB 42.502 billion yuan (around US$ 5.82 billion), a 22.6 percent drop from 2023. Revenue from domestic (Chinese-produced) films were down 27.3 percent from 2023. Singapore’s primary Chinese language newspaper Lianhe Zaobao reported that last year’s drop movie theater in revenue was a major blow to an industry that has yet to fully recover from the Covid pandemic.
The decline in box office revenue has been attributed to a combination of factors: a decline in the number of feature films being show, competition to movie theaters from online products such as streaming series, and a slowing economy. Box office revenues from the two-day Chinese Christmas holiday were the lowest in more than ten years. Visitors to urban theaters in 2024 totaled 1.01 billion, down from 1.299 billion in 2023. A total of 612 feature films were produced last year, down from 792 in 2023.
Source: Lianhe Zaobao, December 31, 2024
https://www.zaobao.com.sg/realtime/china/story20250101-5672597