This news surprised me greatly, as I thought this wasn’t much of a year for the box office, with the Sichuan Earthquake and the Olympics, both of which turned people away from movie theaters. And oh yeah, there was that bad economy.
However in 2008, China’s box office saw an increase of 26% earning a total of 4.2 billion yuan or 617 million USD entering into the top 10 box offices revenues of the world for the first time. The box office for domestic Chinese movies increased 43% from 2007, and accounted for 61% of total revenue, a very healthy number. Of the 15 Chinese movies that have surpassed 100 million yuan so far in revenue, 8 were from in 2008.
This is probably due to higher ticket prices, and lots more theaters in China. At any rate, more money means better production values. And I’d like this trend continue and someday allow Chinese movies to achieve what I think is their true potential. Although SARFT needs to magically disappear for that to happen. Maybe those internet censors and them can duke it out until death. Still, it’s very encouraging and very promising.