There’s no question that the amount of Chinese movie goers are multiplying. Box office totals are second only to the U.S., but China is catching up fast.
Not only that, there’s now a push to bring more Chinese-made movies to American audiences. CCTV America’s May Lee takes a look at the China-Hollywood connection.
Currently, China is the second largest box office in the world, but it’s expected to surpass the U.S. by as early as 2018.
The most recent Terminator sequel, Genysis, raked in more than $100 million.
Transformers: Age of Extinction is one of the highest grossing films of all time in China.
Peter Shio on the China-US movie connection
For more perspective on how this trend is transforming the film industry, CCTV America’s Mike Walter spoke to Peter Shiao. He’s Founder and CEO of Orb Media Group. It’s an independent film studio focused on Hollywood-Chinese co-productions.
Movie business expert Marc Ganis on China’s movie industry
For Hollywood, China is the goose that’s laying a steady stream of golden eggs. Currently, China is the second largest box office in the world, but it’s expected to surpass the U.S. by as early as 2018. Nomura forecasts that it will be worth $11 billion in 2017.
For more on China’s growing movie industry, CCTV’s Michelle Makori spoke to Marc Ganis, the Co-Founder of JiaFlix, a company specializes in movie-related business.