China's Booming Film Market: Yearly box office crosses 50 billion yuan benchmark
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Now, let's look at some figures from this year's Chinese box office, which crossed the 50 billion yuan mark this year, smashing 2015's record by 10 billion yuan. What's even more inspiring is how domestic films have contributed to more than half of the earnings.
According to China's media watchdog, the country's box office exceeded 50 billion yuan for the first time ever.
The State Administration of Press, Publication, Radio, Film and Television also said cinemas recorded 1.45 billion viewers, a 15 percent jump from last year.
Domestic films performed really well, accounting for 52.4 percent of the total box office. 39 of them even pocketed than 100 million yuan each.
Most notably was "Wolf Warrior 2". Directed by and starring Chinese martial artist Wu Jing, the blockbuster pulled in a revenue of 5.6 billion yuan, or about 850-million US dollars, becoming the number one hit this year. The epic film tells the story of a former Chinese Special Forces operative venturing into Africa's war-torn regions, and saving hundreds of lives from insurgents and mercenaries. So far, it is China's highest-grossing film of all time. Wolf Warrior 2 is also the first Chinese film to make it into the global list of highest grossing films.
Two other domestic films also raked in big. Comedy "Never Say Die" pocketed 2.18 billion and action thriller "Kungfu Yoga" brought in 1.65 billion.
Hollywood franchises also did exceptionally well -- "Fast and Furious 8", the fifth instalment of "Transformers" and "Pirates of the Caribbean: Dead Men Tell No Tales" ranked top three. Other foreign films also took top spots, such as Indian film "Dangal" which ranked number seven with 1.3 billion. CGTN