Headlines from China: Will 2018 Become China’s “Hollywood Blackout Year?”

“PIRATES OF THE CARIBBEAN: DEAD MEN TELL NO TALES”..The villainous Captain Salazar (Javier Bardem) pursues Jack Sparrow (Johnny Depp) as he searches for the trident used by Poseidon..Pictured: Johnny Depp (Captain Jack Sparrow)..Ph: Peter Mountain..© Disney Enterprises, Inc. All Rights Reserved.

Will 2018 Become China’s “Hollywood Blackout Year?” 

2017 sees strong revival of China box office. The agreement between U.S. and China on import film quota has also expired this year. As the renegotiation will likely enable a larger number of Hollywood movies to be imported into China each year, will Hollywood be able to increase its market share in China as well? The author of this article doesn’t think so. In his opinion, all the recent government policies send one message: the box office growth of local films will become a top priority. Read more on zhipianrenneican

2017 Wrap-up: Foreign Films in China

As of December 27, 89 foreign films were imported and released in China this year, providing 47.3 percent of China’s total box office. Top 10 on the list are: 1. The Fate of the Furious; 2. Transformers: The Last Knight; 3. Dangal; 4. Pirates of the Caribbean: Dead Men Tell No Tales; 5. Kong: Skull Island; 6. xXx: Return of Xander Cage; 7. Resident Evil: The Final Chapter; 8. Coco; 9. Despicable Me 3; 10Spider-Man: Homecoming. Among the 89 foreign films, 40 are imported on a revenue sharing basis and 49 are imported at a fixed price. The 49 buy-out films grossed over 6.66 billion yuan ($1.02 billion). Read more on Mtime

“Monster Hunt 2” is Ranked the Most Anticipated Local Film of 2018 by Douban 

Recently, Chinese film rating site Douban released several lists to wrap up the performances of the films released in 2017 and to also recommend films of 2018. On Douban’s list of the most anticipated 2018 local films, fantasy drama Monster Hunt 2 is ranked No. 1. Directed by Raman Hui, the film stars Bai Baihe and Jing Boran, and is a sequel to the 2015 box office hit Monster Hunt. In addition to Monster Hunt 2, Detective Dee: The Four Heavenly Kings, The Monkey King 3: Kingdom of Women, and A Better Tomorrow 2018 are also on the list. Read more on 163.com

The Real Force Behind China’s Theme Park Boom

Over the past a few years, many entertainment companies and real estate companies, such as Huayi Brothers Media, Beijing Enlight Media, and Evergrande Group, have tapped into the theme park business. The rapid development of China’s entertainment industry seems to have caused such a phenomenon, but this article points out that the real driving force behind the theme park boom is Chinese cities’ economic restructuring. According to an official from China’s Ministry of Land and Resources, many real estate companies have to develop properties for cultural tourism to cater for such a need in order to get a land from local government. Read more on Ent Group