Cinema News Digest – Tuesday 27 March 2018

Dear Junkies, This week children burnt to death in a cinema where they had gone to watch “Sherlock Gnomes”. 11-year old Viktoria Pochankina called her aunt to tell her that her school-class was trapped in the cinema auditorium and everything…

China’s Recognition of Private Cinemas to Grow Box Office

The introduction of a new media law on 21 April by media regulator SAPPRFT could see China’s box office count grow significantly, by including earnings from the country’s numerous private cinemas. The new law offers legitimacy to the previously grey market,…

China Cinema Digest – Thursday 17 December 2015

From left: Hu Qiming, Mao Zheng Jun, Lu Way, Yu Xin (photo: Mtime) Mtime hosted a cinema conference on 11 December with a panel on “Diversified Cinema Revenue”. With over 31,000 screens, 6,200 cinemas and CNY ¥40 billion (USD $6.17 billion) in…

China Cinema Digest – Thursday 13 August 2015

Hong Kong-listed exhibitor Stellar Media International (SMI) recently issued securities (i.e. debt notes) backed by future ticket sales to fund its expansion. This is the first time funds have been raised this way in China. It is also a terrible way…

China Cinema Digest – June 2015

As we clear the backlog of news, here is a summary of major cinema news in China from the month of June. I know that we are now in August, but July will follow soon (hopefully), after which we resume…

China Cinema Digest – Thursday 2 April 2015

Wanda is expecting year-on-year profits to increase by 40% to 60%, with quarterly profit of CNY ¥298 million (USD $48 million), wheres in 2014 its profit was CNY ¥213 million (USD $34.4 million) over the same period. Growth is attributed to funds…

China Cinema Digest – Thursday 4 December 2014

Wanda Cinemas has been given the OK for an IPO in China in its second attempt. So much for all of our conspiracy theories that it would list elsewhere. Wanda Cinema Line Co. Ltd., a movie theater company controlled by…

China Cinema Digest – Wednesday 5 November 20

Not a month seems to go by without China breaking a new box office record. The Mainland box office is now on course to hit USD $5 billion (30 billion yuan) by the end of this year according to the Chinese…

China Cinema Digest – Tuesday 28 October 2014

Beginning in November, China will start reporting box office number and info using social media in an effort to improve transparency. The move is good news for Hollywood studios, but will also provide a better picture of the exhibition market…

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