Until the outbreak of COVID-19, the China Cinema Market had reached an unparalleled 'golden age'. But the market declined in 2020 due to COVID-19 since all multiplex were closed. However, 2021 is proving to be a blockbuster year for the Chinese movie industry as economy has opened. The ticket sale from Chinese movie theatres, which has largely contained the coronavirus, has shown a huge jump. The China multiplex revenue for 2021 is expected to surpass the figures of 2019. According to the publisher, China Cinema Market is projected to grow with a staggering CAGR of 30.12% from 2020 to 2026.
China's film industry is on record for accelerated growth over the upcoming years. In the Chinese film industry, various films are created, such as feature film, cartoons, popular science films, documentary films, and special films. Feature Film and Popular Science Films is leading in the China cinema industry as people are interested and are enjoying these in theatres. Additionally, the Cinematic Imports in China maintain tight command over foreign films that are permitted to be screened, potentially pushed by the concern that a completely open market would endanger the local filming industry. Currently, there are two business models for foreign films releasing in China: revenue-sharing and flat-rate (i.e., a buy-out). On the other hand, Joint productions are deemed as domestic films. They can be directly released in the PRC after completing and passing the censorship review. According to our latest report, the China Movie Market is expected to reach US$ 16.5 Billion by 2026.
The 1st Tier and 2nd Tier cities in China hold most of the China cinema market due to the availability of more theatres, infrastructure, and people willing to pay higher prices for tickets than 3rd Tier and 4th cities. Ticket rates in these cities are also much higher than in the rest of the cities. The companies acting as the major players in the China Cinemas industry include Dalian Wanda Group, China Film Group Corporation, Guangdong Dadi Cinema Circuit Co. Ltd., Shanghai Film Group Corporation and Hengdian Group Holdings Limited.
Effect of COVID-19 on the Chinese Cinema Industry:
Revenue for Cinemas in China declined in 2020, as the COVID-19 pandemic has severely restricted film screening activity. But, the demand for film watching is surging in Chinese theatres as they were able to reopen by midyear and have seen continuous audience growth. Lunar Year for 2021 came as a blessing for the Chinese box office, as most people were encouraged to stay in the city. So watching movies in the theatres became the top choice of entertainment. Besides, the lack of other entertainment options helped pump up ticket sales during the pandemic.
This latest report "China Cinema Market by Movies (Domestic (Chinese) Movies, Imported Movies, Exported Movies), Film Production (Feature Film, Cartoons, Popular Science Films, Documentary Films, Special Films), Tier City (1st Tier Cities, 2nd Tier Cities, 3rd Tier Cities, 4th Tier Cities, 5th Tier Cities), Movie Industry (Movie Screens in China, Movie Admission in China), Movie Ticket Pricing Analysis by City, Company (IMAX China Holding, SMI Holdings Group Limited, Huayi Tencent Entertainment Company Limited, Perfect World, Wanda Film Holding Co Ltd)" provides all-encompassing insights of China Cinema Industry.
China Movie Market covered from 3 viewpoints:
- Domestic (Chinese) Movies
- Imported Movies
- Exported Movies
China Film Production Volume Analysis covered from 5 viewpoints:
- Feature Film
- Cartoons
- Popular Science Films
- Documentary Films
- Special Films
Tier City - China Movie Market covered from 5 viewpoints:
- 1st Tier Cities
- 2nd Tier Cities
- 3rd Tier Cities
- 4th Tier Cities
- 5th Tier Cities
China Movie Industry Analysis covered from 2 viewpoints:
- Movie Screens in China
- Movie Admission in China
Tier City - China Movie Ticket Pricing Analysis covered from 5 viewpoints:
- 1st Tier Cities
- 2nd Tier Cities
- 3rd Tier Cities
- 4th Tier Cities
- 5th Tier Cities
Company Analysis has been covered from 3 viewpoints:
- Overview
- Recent Development
- Sales Analysis
Company Insights:
- IMAX China Holding
- SMI Holdings Group Limited
- Huayi Tencent Entertainment Company Limited
- Perfect World
- Wanda Film Holding Co Ltd
Table of Contents
Companies Mentioned
- IMAX China Holding
- SMI Holdings Group Limited
- Huayi Tencent Entertainment Company Limited
- Perfect World
- Wanda Film Holding Co Ltd
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| Published | May 2021 |
| Forecast Period | 2020 - 2026 |
| Estimated Market Value ( USD | $ 3.4 Billion |
| Forecasted Market Value ( USD | $ 16.5 Billion |
| Compound Annual Growth Rate | 30.1% |
| Regions Covered | China |
| No. of Companies Mentioned | 5 |
