China overtakes Japan to become world's second biggest movie market

   Apr 13, 1:32 pm

Beijing, Apr 13 (ANI): China has overtaken Japan as the world's second-biggest cinema market in the first quarter of the year, industry experts have revealed.

According to industry figures, last year, the market value of the Chinese cinema industry, reached 17.25 billion yuan, with box-office receipts growing upto 13.15 billion yuan (2.08 billion dollars), the China Daily reports.

Mike Ellis, the Asia-Pacific President of Motion Picture Association of America, at a conference on Thursday, claimed that the number of China's cinema screens had increased from 4,753 in 2006 to 10,700 in 2011.

"Last year, China added on average eight screens in a single day. No nation in the world grew at that fast pace," Ellis was quoted as saying.

Ellis also highlighted that the US film industry , whose share in the global market grew from 57.3 percent in 2010 to 58.4 percent in 2011, may not be growing currently, but "internationally the market is doing terrifically well, here and throughout other nations." (ANI)

Adidas wants to lighten ocean's burden by turning its plastic waste into clothing May 4, 5:08 pm
Massachusetts, May 04 (ANI): Adidas has come up with an intriguing plan to reuse some of the eight million tons of plastic that end up accumulating in the ocean each year. It will now recycle that plastic to develop fibers for use in clothing and footwear.
Full Story
Pak refuses to open Afghan-India road link, urging latter to trade via Karachi port May 4, 9:15 am
Karachi, May 04 (ANI): Pakistan has refused to open the road link for Afghanistan and India, urging the latter to continue trade via the Karachi port, said sources.
Full Story
SurveyMonkey chief Dave Goldberg passes away at 47 May 3, 12:41 pm
London, May 03 (ANI): SurveyMonkey Chief Executive Dave Goldberg has died suddenly at the age of 47, his family said.
Full Story
Uber's updated 'panic button' will send live GPS updates to police in India May 1, 2:05 pm
Washington, May 01 (ANI): A month after adding a panic button to its app in India following the rape of a female passenger last year, Uber has now announced that it will start improving the button in a significant way.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY