Headlines from China: China’s Box Office Earnings Expected to Reach Only US$4.21 Billion in 2020

China’s Box Office Earnings Expected to Reach Only US$4.21 Billion in 2020

As China makes steady progress controlling its coronavirus outbreak, many theaters are expected to reopen their doors very soon. A large number of new titles will be released on May 1st. Due to the shortened exhibition time and the limited film supplies, it is very possible that the domestic box office revenue this year might be cut half to around only 30 billion yuan (US$4.21 B) in total. In 2019, China’s 2019 box office gross hits a whopping $9.2B. Read more on Mtime

Daily Active Users on Chinese Streaming Platforms Up 7% in Q1 Due to Covid-19 Outbreak 

Compared with the same period last year, the extended Spring Festival holiday and the continued nationwide quarantine after the festival, has drastically increased the average number of each online video planform’s daily active users by 7%. Regarding this, EnData published the 2020 Q1 Online Video Content Market Report, which provided a panoramic look on China’s online video landscape during this pandemic crisis. Read more on EnData