Goodwill Hunting Is a Disaster Movie in China
Cover your eyes. The coming earnings season won’t make pleasant viewing as companies are forced to reassess asset values.
Not as scary as the balance sheet.
Photographer: Wang Zhao/AFP/Getty Images
An interstellar spectacular is currently keeping China's moviegoers entertained. Behind the scenes, the film also has a minor role in the stock market's next disaster epic.
“The Wandering Earth,” a science-fiction feature released ahead of the Lunar New Year on Feb. 5, has become the second-highest grossing film in Chinese history in just two weeks. Beijing Jingxi Culture & Tourism Co., which made the movie, has said it expects to earn 73 million yuan to 83 million yuan ($10.9 million to $12.3 million) from the first six days of showings alone. That’s equal to more than 5 percent of its total 2018 revenue.