China Continued to Reject Marvel Movies in 2022
China’s box office dropped 36% to $4.35 billion in 2022, according to Deadline, which cited figures that China’s Film Administration released to state media. The 2022 North American box office rose to an estimated $7.5 billion, according to Comscore, a 64% increase from the previous year. No pandemic-era Marvel Cinematic Universe movies have been granted releases in China. The last MCU film to open there was “Spider-Man: Far From Home” in 2019, grossing $199 million. Read more Yahoo! News
China’s Tech Giants Brace for a New Era of Slower Growth
In China, 2022 was the year Big Tech changed. Succumbing to a government crackdown and a pandemic that refused to go away, the country’s leading internet conglomerates, Alibaba Group Holding Ltd. and Tencent Holdings Ltd., experienced their first-ever quarterly revenue drops and cut jobs by the thousands. Read more Bloomberg
