TelecomTV TelecomTV
  • News
  • Videos
  • Channels
  • Events
  • Directory
  • Smart Studio
  • Surveys
  • Debates
  • Perspectives
  • DSP Leaders World Forum
  • DSP Leaders
  • Great Telco Debate
    • |
    • Follow
    • |
    • Subscribe
  • |
  • More
  • Webcasts
  • Surveys
  • Debates
  • Perspectives
  • Great Telco Debate
  • |
  • Follow TelecomTV
  • |
    • Subscribe
    • |
  • About
  • Privacy
  • Help
  • Contact
  • Follow TelecomTV
  • About
  • Privacy
  • Help
  • Contact
  • Sign In Register Subscribe
    • Subscribe
    • Sign In
    • Register
  • Search

Tracker

TelecomTV TRACKER

Sourced by TelecomTV's TRACKER platform
from IHS Technology Press Releases

Tracker

Next week China to overtake US as world’s largest cinema market, IHS Markit says

Via IHS Technology Press Releases

Nov 11, 2016

China building cinema screens at a rate of 27 per day for 2016, its highest yet; Box office revenue in China topped $7 billion in 2015, up from $121 million in 2003

According to screen growth patterns for 2016, the number of Chinese cinema screens will overtake the number in the US on 16 November 2016. For the first time, the US will not be the world’s largest cinema market in terms of screen base.

The analysis released today by IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions, is part of IHS Technology’s Cinema Intelligence Service.

At the end of September 2016, China had 39,194 cinema screens, compared to an estimated 40,475 in the US.

“The rate that China has been building cinema screens is very high,” said David Hancock, Director of Film and Cinema Analysis at IHS Technology. “In the first nine months of this year, China added just over 7,500 new cinema screens, continuing a trend seen over the past few years. China has been building cinema screens at a rate of over 10 a day for the past five years, rising to 27 a day this year.”

In 2003, China opened the market to overseas exhibition groups and laid the foundations for growing its cinema sector, although growth has come in mainly from domestic investment. The same year, Chinese box office revenue was $121 million (about the same size as Austria’s box office revenue). In 2015, Chinese box office revenue topped $7 billion -- growth of over 5,700 percent. “This is an interesting story all the more remarkable for the rapidity of China’s ascent to the top spot in the market,” Hancock said.

China’s box office revenue to top US by 2018

Single-digit box office revenue growth in China during 2016 pushed back forecasts for when box office sales in China will overtake the US. However, China will overtake the USA in box office revenue terms in 2019, according to IHS Technology forecasts.

About the data

The screen data for US and China at end 2015 are from the official sources from each country. The third quarter data is taken from the IHS Technology digital screen database, built up over 10 years and including all global digital screens. The projection to the end of 2016 is a linear projection using the growth so far this year as a base.

Related Topics
  • AI, Analytics & Automation ,
  • Asia-Pacific,
  • Data & Analytics,
  • IHS Markit,
  • News,
  • Research and Trials,
  • Tracker

More Like This

Open RAN

5G solution providers sign up to SONIC

Feb 28, 2021

Access Evolution

Deutsche Telekom exceeds 100 billion euros of revenue in record year 2020

Feb 26, 2021

Edge

Akraino Release 4 enables Kubernetes across multiple edges, integrates across O-RAN, Magma, and more

Feb 26, 2021

5G

MyDIGITAL is critical to advance Malaysia and the key is in its execution

Feb 26, 2021

Digital Platforms & Services

Recovery plans in Europe and investments in traditional and emerging technologies: An IDC overview

Feb 26, 2021

This content extract was originally sourced from an external website (IHS Technology Press Releases) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

Email Newsletters

Stay up to date with the latest industry developments: sign up to receive TelecomTV's top news and videos plus exclusive subscriber-only content direct to your inbox – including our daily news briefing and weekly wrap.

Subscribe

Top Picks

Highlights of our content from across TelecomTV today

On-demand Workshop: How to build your cloud native 5G core platform

16:48

The case for mmWave in 5G networks

25:55

The Private Mobility Opportunity for Enterprises

12:04

VMware learnings from DISH 5G rollout

  • TelecomTV
  • Decisive Media

TelecomTV is produced by the team at Decisive Media

Menu
  • News
  • Videos
  • Channels
  • Directory
  • Smart Studio
 
  • Surveys
  • Debates
  • Perspectives
  • Events
  • About Us
Our Brands
  • TelecomTV Tracker
  • TelecomTV Perspectives
  • DSP Leaders
  • DSP Leaders World Forum
  • The Great Telco Debate
Get In Touch
[email protected]
+44 (0) 207 448 1070

Request a Media Pack

Follow
  • © Decisive Media Limited 2021. All rights reserved. All brands and products are the trademarks of their respective holder(s).
  • Privacy
  • Terms
  • Legal Notices