China Might Be the New Movie Capital of the World
Chinese box office sales topped the U.S. last year for the first time. It won’t be the last.
Happy 2021 to all of you. Much as we all want to put 2020 in the rearview mirror, the end of the year brings a raft of fresh data, including this one:
China sold more movie tickets than the U.S. in 2020 for the first time ever. North American box office sales plunged 80% to $2.3 billion, the lowest sum in 40 years (not adjusted for inflation). Box office sales in China reached $2.7 billion, a more modest drop of about 70%.