CJ China News Digest – Thursday 26 January 2017

By and Patrick von Sychowski | January 26, 2017 1:33 am PDT

Advance ticket sales up ahead of Spring Festival, market share of online ticketing revealed, little cinema consolidation in 2016, should BO count include service charge, Xiao Feng reveals cinema expansion plans, Wang’s Davos transcript, 6.7 was average score for Chinese films released in 2016.

#ECACON2017

#ECACON2017

This weekend is Chinese New Year (Lunar New Year/Spring Festival), which is typically the busiest time in China’s cinema year and customarily reserved for domestic releases. Currently leading the pack is sequel “Journey to the West: The Demons Strike Back” ahead of Jackie Chan’s “Kung Fu Yoga” and several other releases. Advance sales are already north of CNY ¥115 million, but remains to be seen if any film can match last year’s hit “The Mermaid”. Ent Group – 23 January 2017

China online ticketing platforms 2016.

China online ticketing platforms 2016.

A study of online ticketing platforms in China reveals that Weiying Technology is #1 with a 25.1% with Maoyan following with 24.3%. Third is Alibaba’s movie ticketing platform Tao Piao Piao (17.3%) with Baidu Nuomi fourth (15.5%). Worth remembering how important vertical integration is for cinema-ticketing-distribution-films-e-commerce in China and how far ahead the country is in this regard of any other other market. WeiXin – 21 January 2017

CGV cinema China

CGV cinema China

While there is much talk of theatrical consolidation, there was little evidence of it in 2016. In 2015 the Top 6 cinema chains accounted for 50.46% of BO, while in 2016 that number was 50.44%. Some analyst even dismiss cinema consolidation as a ‘Pseudo-concept’ and say that more important action will happen on the video streaming front. Yet Wanda is active abroad (through AMC) and Dadi just bought Orange Sky Golden Harvest, which should make for an interesting 2017. 36kr – 24 January 2017

China cinema ticket service charge. (photo: Ent Group)

China cinema ticket service charge. (photo: Ent Group)

Was 2016 box office revenue more than CNY ¥45.7 billion (USD $6.64 billion)? If you include the service fee that consumers paid for their online tickets the total comes to CNY ¥49.28 billion (USD $7.15 billion) according to analysts Ent Group . In 2016 the number of online movie tickets passed 1.04 billion, representing 76% of all tickets sold. Ent Group – 22 January 2017

Xiao Feng - thinking big. (photo: Win)

Xiao Feng – thinking big. (photo: Win)

China Film Stellar Studios plans to grow by 200 cinemas within five years. There will be a heavy focus on cutting edge technology: Imax, Dolby Cinema, China Film Giant Screen, laser projection, 4DX and more says company head Xiao Feng. Win Business – 22 January 2017

Wanda’s Chairman Wang Jianlin was one of the key speakers at this year’s World Economic Forum (WEF) in Davos. Here is a transcript that gives an insight into the plans for Wanda (though he gave no hint that his AMC subsidiary was about to swoop in on NCG). MyDrivers.com – 19 January 2017

China film scores. (image: China Youth Daily)

China film scores. (image: China Youth Daily)

In 2016 the average score for a Chinese film released in cinemas was 6.7. There have been accusations from government organs that Rotten Tomato-like review aggregator websites were talking down domestic releases, contributing to the BO slump. The most popular genre was comedies (52.3%). Of those surveyed, 20.6% went o cinemas 10 or more times per year, 40.2% went 5-10 times, 25.2% went  3 to 5 times and 10.5% less and 3.6% said they never went to the cinema in 2016. China Youth Daily – 19 January 2017

Patrick von Sychowski
Follow me

Patrick von Sychowski

Patrick was a Senior Analyst at Screen Digest, went on to launch the digital cinema operations of Unique and Deluxe Europe, then digitised Bollywood at Adlabs/RMW, and now writes, consults and appears on panels about cinema all over the world.
Patrick von Sychowski
Follow me

Latest posts by Patrick von Sychowski (see all)

Send this to a friend