Special Offer: Subscribe today for a free ticket ($499 value) to The Future of Startups. Redeem Now
A Chinese filmgoer walks past posters of  "Wolf Warriors 2" at a cinema in Yichang city, central China's Hubei province, last August. Photo by AP.

Why Hollywood Movies Are Losing Market Share in China

By
Matt Pressberg
 |  Jan. 22, 2018 10:00 AM PST
Photo: A Chinese filmgoer walks past posters of "Wolf Warriors 2" at a cinema in Yichang city, central China's Hubei province, last August. Photo by AP.

Wu Jing, the director and star of Chinese smash hit “Wolf Warrior II,” has been pressing the flesh around Los Angeles in recent months to build buzz for the film ahead of this year’s Oscars, whose nominees will be unveiled Tuesday. While “Wolf Warrior II” is unlikely to score a nomination, it’s arguably the most important film of 2017. And its record-setting haul could be a bad omen for Hollywood in an increasingly important market.

Hollywood blockbusters were once unstoppable forces in China, driving growth in total theater box office revenue from $455 million to $8.6 billion over the last decade. But U.S.-made films have lost some of their luster with Chinese moviegoers: Hollywood's share of Chinese box office receipts has fallen to 40% from more than 50% in recent years. That is dimming what has been one of the few bright spots for the U.S. film industry in the past few years, as domestic film attendance and revenue from DVDs have both been in decline.

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
Modest Proposals Startups Markets
Equity Financing for Influencers
Art by Sam Lessin
The most valuable brands of the future are going to be people rather than companies. The shift in that direction is starting to happen right under our noses. Take the case of Elon Musk. You can’t assess Tesla’s $800 billion market capitalization against any sort of realistic view of its financial prospects. The stock isn’t valued as a business but as an Elon Musk trading card....
Latest Briefs
 
Google Won’t Make Donations to Lawmakers Opposing Election Results 
China’s Didi Chuxing Raises $1.5 Billion for New Freight Business
SoftBank-Backed Travel Startup Klook Raises $200 Million
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Clubhouse Co-Founder and CEO Paul Davison. Photo: Bloomberg
Exclusive Venture Capital Startups
Clubhouse Gets Investment Interest at $1 Billion Valuation
Update : On Sunday, Clubhouse confirmed it raised a Series B round led by Andreessen Horowitz. Read more details in our brief .
Org Charts Startups Markets
The People With Power at Robinhood
Last year, as Robinhood’s trading activity boomed and legal problems mounted, the $11.7 billion startup shook up the ranks of its senior staff.
Andreessen Horowitz co-founders Marc Andreessen (left) and Ben Horowitz. Photo by Bloomberg.
Exclusive Venture Capital
Andreessen Horowitz Looks to Launch Opinion Publication as Its Media Ambition Grows
Silicon Valley investment firm Andreessen Horowitz, which once courted attention from the news media, is ramping up its own media efforts.
A truck next to an Amazon delivery station in New Jersey in October. Photo by Bloomberg
Exclusive Travel E-commerce
Amazon Expands Secretive Trucking Program
Amazon’s effort to exert control over the trucking of goods to its customers is moving quickly.
Rioters breached barricades to enter the U.S. Capitol  on Jan. 6. Photo: Bloomberg
Exclusive Travel Policy
Airbnb Used Facebook and Twitter to Weed Out Hate Groups
For the past few years, a specialized team of about half a dozen employees within Airbnb has been assigned an urgent task: preventing white nationalists and other potentially dangerous fringe groups from renting homes on the site.
Photos by Bloomberg; Shutterstock. Illustration by Mike Sullivan
The Takeaway Policy
I Helped Uncover QAnon. Failed Prophecies Won’t Kill It
I first stumbled upon the collective delusion we now refer to as QAnon in November 2017, just a few weeks after it began as a series of conspiratorial posts on one of the internet’s more untamed bulletin boards.