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China’s movie market booms ahead of Spring Festival

China

China

China

China’s movie market booms ahead of Spring Festival

2025-01-22 05:52 Last Updated At:07:27

China's movie market is heating up as the Spring Festival approaches, with the 2025 ticket pre-sales breaking records and fueling expectations for a remarkable box office performance.

The Spring Festival, which marks the start of a new year on the Chinese lunar calendar, is the biggest annual holiday in China, when people across the country return to their hometowns for celebrations and family reunions. This year, the Chinese New Year's Day falls on Jan 29, ushering in a Year of the Snake.

The pre-sale box office for the Spring Festival film season had surpassed 200 million yuan (about 27 million U.S. dollars) by 09:16 on Monday since the pre-sale began on Sunday. It set a record for the pre-sale box office for the Spring Festival film season to reach 200 million yuan at a fastest-ever speed in the history of China's film industry.

By 16:50 on Tuesday, the pre-sale revenue had exceeded 300 million yuan (about 41 million U.S. dollars). This year's film lineup is notably more diverse than last year's, with genres spanning martial arts, mythology, animation, suspense and action.

Many blockbusters have maintained their base ticket prices from last year. With subsidies from local governments, filmmakers and ticket platforms under the guidance of the China Film Administration, ticket prices have become more affordable. Some theaters are offering multiple films for as low as 19.9 yuan (about 2.72 U.S. dollars) per view.

"From the ticket buyer structure, we observed that more than a quarter of the viewers on the first day of pre-sales were in groups of three or more. This represents a five percent increase from that of the corresponding day of last year, suggesting that this year's films are more appealing for family viewings," said Wang Shu, a film data analyst.

This year's Spring Festival films are entirely domestic productions, including several based on popular Chinese IPs, which come with an established fan base and strong reputations.

For example, "Nezha 2", the sequel with the highest pre-sale box office, is based on the Ming Dynasty (1368-1644) novel "Fengshen Yanyi," or "The Investiture of the Gods," the same book that inspired "Creation of the Gods II: Demon Force."

The sequel "Nezha 2", six years after the first film, highlights the filmmakers' dedication to storytelling, which is key to the ongoing growth of China's film industry.

"I'm looking forward to 'Creation of the Gods II: Demon Force', 'Nezha 2', and 'Detective Chinatown 1900'. It feels like a continuation. After watching the first movie, we are curious to see how the second one will unfold. With improved content and special effects, it's going to be a completely different experience," Pan Chao, a viewer.

Films with traditional Chinese elements are becoming increasingly popular, reflecting the audience's growing recognition of and confidence in traditional Chinese culture.

China-chic, also known as "Guochao", is a fashion trend featuring modern designs mixed with traditional cultural elements.

"The influence of China-chic on the movie market is significant, no matter whether they come to traditional Chinese culture or patriotism. When films carry China-chic significance, I believe more people will go to the cinema not just for the movies, but also for an experience and recognition of Chinese culture," said Wei Pengju, director of the Institute of cultural economics at the Central University of Finance and Economics.

Relying solely on traditional cultural elements to attract moviegoers is not enough. High-quality production is also crucial, supported by the rapid development of China's cultural industry.

At the China Movie Metropolis in Qingdao City of east China's Shandong Province, the filming location for "Creation of the Gods II: Demon Force," advanced production techniques have enhanced the film's visual effects and action sequences, creating a spectacular viewing experience.

"The extensive application of such technologies as AI-generated content, or AIGC, have helped restructure a modern communication system, from pre-production and filming to post-production and viewing," said Hu Ruiyan, deputy director of the Film and Television Industry Development Center in the Qingdao West Coast New District.

In addition to production upgrades, cinema equipment and configurations have also been improved.

Last year, box offices in third- and fourth-tier cities accounted for 40 percent of the total revenue, with 4,658 new screens added to urban cinemas, bringing the total to over 90,000. Special-effect theaters grossed over 3 billion yuan (about 410 million U.S. dollars), contributing 7.2 percent of the total box office with only 2.7 percent of the screenings. The increase in screens and improved effects have further fueled consumer enthusiasm.

The box office during this year's Spring Festival is expected to exceed 8.5 billion yuan (about 1.2 billion U.S. dollars), potentially setting a new record.

In 2024, China's film industry entered a period of adjustment, with a slight decrease in the box office revenue. However, with the arrival of the holiday season and consumer-boosting activities, the market has shown signs of recovery.

In November last year, China's total box office reached 1.177 billion yuan (about 161 million U.S. dollars), marking an 11.4 percent year-on-year increase and signaling a return to growth after a slump lasting over six months. The ongoing pre-sale surge not only boosts revenue but also revitalizes various sectors of the film industry, from production companies and cinemas to equipment suppliers and merchandising.

"Although the ticket pre-sales set a new record by surpassing the threshold of 100 million yuan (about 14 million U.S. dollars), I think the true significance lies in the synergy between cultural development and economic growth. This synergistic effect will contribute to the stronger, more sustainable and competitive development of Chinese film industry," said Wei Pengju.

China’s movie market booms ahead of Spring Festival

China’s movie market booms ahead of Spring Festival

China’s movie market booms ahead of Spring Festival

China’s movie market booms ahead of Spring Festival

Visiting Chinese Foreign Minister Wang Yi said Saturday China is willing to work with Lesotho to strengthen exchanges on governance experience, enhance coordination in multilateral affairs, and advance the China-Lesotho strategic partnership.

Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, made the remarks when meeting with Lesotho Prime Minister Sam Matekane in the capital of Lesotho.

During the meeting, Wang congratulated Lesotho on the 60th anniversary of its independence this year, and spoke highly of Lesotho government's efforts to prioritize economic development and steer the African country onto a path of sustainable growth. Since the Beijing Summit of the Forum on China-Africa Cooperation (FOCAC) in 2024, the two sides have advanced cooperation under the 10 partnership action plans unveiled at the summit, successfully implementing a number of key projects to effectively promote Lesotho's development and revitalization, Wang said.

China stands ready to work with Lesotho to strengthen exchanges on governance experience, enhance coordination in multilateral affairs, and push for greater development of the China-Lesotho strategic partnership, he added.

Calling on the two sides to firmly support each other, Wang said that China will accelerate the implementation of its zero-tariff policy for African countries, including Lesotho, expand bilateral trade, investment and industrial cooperation, facilitate broader access of Lesotho's specialty products to the Chinese market, and continue to support Lesotho's national development.

China will continue to stand firmly with African countries, uphold justice for the Global South, including Lesotho, oppose unilateralism and acts of bullying, and work together to build a community with a shared future for humanity, Wang said.

On his part, Matekane said during the meeting that Lesotho cherishes its friendship with China and the strategic partnership between the two countries, and expressed gratitude for China's valuable support for the development of African countries, including Lesotho.

Lesotho firmly adheres to the one-China principle and resolutely supports China in safeguarding its core interests, he said, noting that his country stands ready to strengthen strategic mutual trust with China, expand people-to-people exchanges, jointly implement the outcomes of the FOCAC Beijing Summit, and deepen cooperation in areas such as infrastructure, manufacturing and energy.

Matekane stressed that China's zero-tariff policy for African products will inject new impetus into Lesotho's development. He also expressed Lesotho's willingness to strengthen solidarity and cooperation with China on multilateral platforms such as BRICS to jointly address global challenges.

On the same day, Wang also held talks with Lejone Mpotjoana, minister of foreign affairs and international relations of Lesotho.

China, Lesotho to strengthen exchanges, advance cooperation

China, Lesotho to strengthen exchanges, advance cooperation

China, Lesotho to strengthen exchanges, advance cooperation

China, Lesotho to strengthen exchanges, advance cooperation

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