Press release
Chinese Cinema Market to grow 60% in 2010
This surge in box office reciepts has partly been driven by a significant increase in the average ticket price, which went from a bit more than 1$ in 2003 to 3.5$ last year.
In addition, this flourishing market, the third largest in the world in terms of movie admissions, has also been fueled by a significant increase in cinema attendance, as the number of movie goers soared 150% from 2003 to 2009.
Graph: http://dataxisnews.com/?p=19776
To understand the rationale for this significant surge in movie admissions, it is interesting to note that the recent dynamic in movie production has been closely linked to the phenomena. Today, with around 500 movie productions expected for 2010, China is the third largest movie producer in the world after India and the U.S. On the other hand, Cinema going has started to deeply take root in Chinese habits; a trend that is encouraged by the current emergence of a strong middle class in the country.
DATAXIS, is an international market research and statistical intelligence company that covers 4 play markets worldwide. Our online database: www.dataxis.com contains detailed and up to date data on subscribers, revenues and ARPUs as well as annual forecasts on major operators and technology suppliers. Our news website: www.dataxisnews.com is a great tool to keep telecom professional up to date on the latest developments of the industry. In addition, we also publish our own analyses and Press Releases, under the Dataxis Views Section, that cover different regions worldwide: Middle East, Africa, Asia Pacific, Europe, North America, and Latin America.
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