China to become world's largest movie market after $ 7.3 billion in movie ticket sales in 2021
As 2021 draws to a close, China is reportedly set to become the world's largest movie market after earning $ 7.3 billion in ticket sales in 2021. Watch the movie because the whole world has been facing the Covid-19 crisis for the past two years.
According to a recent report by the Hollywood Reporter, the total revenue from movie ticket sales in China in 2021 will reach 7.3 billion US dollars. Strong as 2020. However, this revenue fell 26 percent compared to 2019, which received $ 9.2 billion. This is according to data from the Artisan Gateway Film Revenue Office.
While the Chinese film market was booming in the late 2000s and 2010s, the Hollywood film industry saw an increase in annual screenings in China as it contributed to the annual market share between 30 to 50 percent. But the challenge in 2021 for Hollywood in China is the lack of screenings due to delays due to the Covid-19 pandemic.
However, for 2022, China's domestic film industry will gradually recover after being affected by Covid-19.
