china key to record global movie earnings
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

China key to record global movie earnings

Arab Today, arab today

Arab Today, arab today China key to record global movie earnings

A general view shows a section of the red carpet at the premiere of Walt Disney Pictures
Los Angeles - AFP

Movie theaters reaped record earnings around the world last year -- $38.3 billion -- fueled by China and young people's spending on cinema tickets, industry data showed Tuesday.

Global spending on big screen showings of films was up by 5.2 percent last year largely on the back of phenomenal growth in China -- 51.2 percent, according to the National Association of Theatre Owners (NATO).

There also were major increases in Mexico (14.7 percent), Germany (14.3 percent), Spain (7.8 percent) and Brazil (7.4 percent).

At the North American box office, big-budget blockbusters such as "Star Wars: The Force Awakens" and "Jurassic World" helped push earnings above $11 billion for the first time.

"Historically, three of the biggest cinema markets were the United States, Europe and Australia. And in the old days, those territories weren't nearly as diverse as they are today," NATO president and chief executive John Fithian said in a speech at the CinemaCon conference in Las Vegas.

"Now, the overseas theatrical markets with the fastest growth rates are found in Asia and Latin America."

Fithian attributed the numbers in part to improved theaters, replete with better seats and sound, bigger screens and expanded offerings of refreshments.

He also highlighted the moviegoing appetite of adolescents.

"That demographic represents only eight percent of the US population, but a stellar 16 percent share of movie tickets purchased," Fithian said.

"The small screens of television may hold less appeal for teenagers. But the big screens of cinema, and the personal screens of hand-held devices, can co-exist quite well," he added.

Another factor, he said, was diversity, touching on a recent Hollywood race row.

"The more that movie casting looks like the world, the more the world goes to the movies," he said, pointing to "Furious 7" as an example.

As for the current year, Fithian said box office receipts were up 12.7 percent in the first quarter.

"Cinema admissions have continued to soar lately with a trio of summer-type blockbusters early in the year –- 'Deadpool,' 'Zootopia' and 'Batman v Superman,'" he said.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

china key to record global movie earnings china key to record global movie earnings

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

china key to record global movie earnings china key to record global movie earnings

 



GMT 02:36 2017 Saturday ,23 December

Syrian regime forces bombarded Hama killing dozens

GMT 06:54 2017 Friday ,22 December

US vice president makes unannounced Afghanistan visit

GMT 11:28 2018 Wednesday ,17 January

Ambassador of Switzerland meets MP Khalil

GMT 20:05 2011 Friday ,05 August

Sikorsky delivers first S-701 helicopters

GMT 13:47 2017 Thursday ,14 September

EU citizens, British expats rally for Brexit rights

GMT 21:08 2016 Tuesday ,22 November

Kuwaiti Oil Price Goes up to $42.51 pb

GMT 04:03 2017 Tuesday ,25 July

Jamaica stuns Mexico to reach Gold Cup final

GMT 18:52 2015 Saturday ,12 December

Nusra chief rejects outcome of Riyadh meet on Syria

GMT 10:04 2017 Thursday ,13 April

Mattis: No Doubt the Syrian Government Responsible

GMT 14:05 2017 Thursday ,02 March

Canada economy grew 2.6% in fourth quarter
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday