Chinese moviegoers — starved for entertainment and craving normalcy — are set to put the country’s film industry back on top

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

China’s box office receipts this year have already hit the $1.5 billion mark, the quickest time it has done so on record.

While global and domestic businesses eagerly await the return of Chinese consumer spending, one industry in particular is already doing gangbusters.

The explosion of moviegoing comes as authorities in December abolished most of the country’s harsh anti-COVID policies. The resulting wave of infections was so swift and vast that nearly all of China’s 1.4 billion citizens caught the SARS-CoV-2 virus in the two months since. This year’s record-breaking ticket sales are even more striking following the poor performances of the last two years. Receipts for all of 2022 totaled only 30 million yuan, a number that could be eclipsed as early as halfway through this year.

Don’t miss: The Oscars will be handed out soon. But there’s still time to watch most of the nominated movies. Here’s where and how.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Here comes more Wolf Warrior nonsense.

Boycott Tesla

Right when the US theaters are going bankrupt

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Air Force warns Chinese company's North Dakota mill would be 'significant' national security threatMayor Brandon Bochenski of Grand Forks, North Dakota, announced Tuesday that he plans to obstruct the development of a Chinese-owned corn mill due to national security concerns. Well imagine that! That’s your President There needs to be a stop to them buying land here Chinese are slick spying and stealing ideas and technology from all comers of the world, Chinese restaurants, products stores, work for the Chinese Government and spying.
Source: FoxNews - 🏆 9. / 87 Read more »