Wanda Cinema’s shares have been soaring since their IPO and WinShang looks at how the company is expanding, with presence now in 80 Chinese cities.
During the reporting period, the strong momentum in the company’s development, gradually expand the scale theaters, grossing a rapid increase in the size of the company’s revenue and profits steadily rising rapidly improve profitability. As of June 30, 2014, the company has opened its own theater 150, has opened its own mapping screen 1315, the number of seats has opened more than 220,000, the company under its own theater layout has more than 80 cities across the country, the national strategy Layout is already apparent…
The company has a leading provider of data processing and customer service technology, has made ??remarkable achievements in e-commerce. As of the first half of 2014, Wanda movie network totaling 474 million page views times, access to approximately 69.04 million subscribers, about 1097 million registered members, it is important schedule online ticket sales accounted for nearly 45%. 2013, the company was the Chinese Academy “Internet Week” and the Chinese Academy of Social Sciences Information Technology Research Center as “cultural construction industry e-commerce model”, is the only national cinema company to receive this honor. LINK
A detailed analysis of what made this year’s CNY box office so big, including which films were artistically any good (“Wolf Totem”) and how audience tastes differ in different tier cities in this long article from the People’s Daily (the official organ of the Communist Party).
When Cheng Huitao analyze why the Chinese New Year stalls at the box office a greater rise than last year, believes there are three main reasons: First, the growth in the number of theaters last year, mostly in the four-tier cities, such as Guangdong Shunde, Foshan and other places have built a high-end theater, Unlike past community theater, a new multi-screen cinema and more comfortable and quantity; viewing followed by growth in the number, but the audience is the Carnival of these new forms of viewing; again, he believes that the relatively low average movie fare, is still an important reason to raise the box office and viewing trips, “no matter how inside and outside the industry on the ticketing website, the ticket sales for the audience indeed bring benefits, for the film brought a new audience.” He also noted that high-profile New Year’s box office or can be attributed to God for the United States: Chinese New Year holiday in most parts of the country a few days the weather Qingnuan, help people go viewing.LINK