China and India Expand Film and TV Production Activity, Business and Industry Trends Analysis

The growth of the middle class in India and China particularly was fueling the construction of new cinemas.  In 2019, China’s box office reached $9.2 billion, up from 2018’s $8.61 billion and 2017’s $8.06 billion (if calculated at the same rate of currency exchange), according to the Hollywood Reporter. In the past, U.S.-produced films have accounted for much of China’s box office.  China’s sales of tickets to films produced in Hollywood fell about 10% in 2018 over 2017.  Without the Chinese market, U.S. movie studios would have faced financial challenges.  While many of 2018 highest-grossing films in China were American…

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