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Home / News / Entertainment News / Chinese film industry first to make "full box office recovery"
  • Entertainment

    Chinese film industry first to make "full box office recovery"

    Shubham Dasgupta
    Written by
    Shubham Dasgupta
    Mail
    Last updated on Aug 28, 2020, 07:38 pm
    Chinese film industry first to make "full box office recovery"
  • Chinese film industry is back on track.

    While the whole world inches toward their theaters with war-level preparation, the domestic film industry of China was able to make "full box office recovery," after bringing in a massive $189 million within five days of the week starting from August 21 (Friday) and ending on August 25 (Tuesday).

    Tech firm Gower Street Analytics made this declaration.

  • In this article
    This is how Gower Street analyzed the study Stage 5 was achieved by August 27, report says Credit goes to the release of a local war film China reports minimal new COVID-19 cases now
  • Report

    This is how Gower Street analyzed the study

    This is how Gower Street analyzed the study
  • Gower Street Analytics, which studies theatrical data to analyze the market response, said this about the Chinese box office based on a model on full box office recovery.

    The UK-based company stated that there are five targets that the box office must achieve to be declared completely recovered.

    Like, Stage 1 requires almost 80% of the theaters to be ready for resuming operations.

  • Happy Chinese

    Stage 5 was achieved by August 27, report says

    Stage 5 was achieved by August 27, report says
  • Stage 5 needs the box office revenue to match the performance of top quartile of weekly earnings for the past two years.

    Gower Street says on July 25, 54% theaters reopened while on August 8, Stage 1 was achieved with 80% theaters open.

    Stage 3 was achieved by August 20 with 85% opening and Stage 5 by August 27, with 90% of cinemas running.

  • Statistics

    Credit goes to the release of a local war film

    Credit goes to the release of a local war film
  • The top quartile performance for the last two years had a steep benchmark of $184 million, that Chinese theaters combined to cross in only five days of that week which closed with an impressive $252 million revenue.

    A lot of the credit goes to the release of local war film The Eight Hundred, which grabbed 27% of this year's national box office revenue.

  • Healthcare

    China reports minimal new COVID-19 cases now

    China reports minimal new COVID-19 cases now
  • China's military-grade battle against coronavirus is the reason why people are back to theaters.

    Since Chinese theaters reopened in July, officials relaxed the cap on occupancy from 30% to 50% in August.

    China reports only 288 actively infected patients as of now.

    As a result, nearly 8,900 out of 10,800 theaters were flung open in this week as China raced to normalcy.

  • China News
  • Box Office Collection
  •  
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