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Earlier this year, Fanink, a Beijing-based market research consulting firm specializing in the film industry, partnered with the School of Economics at Fudan University in Shanghai to produce a research report on the continued growth potential of the Chinese theatrical market. The researchers analyzed existing infrastructure, box-office trends and current rates of urbanization and population mobility in an effort to pinpoint how much box-office growth will continue to be driven by cinema construction. "If we assume that urbanization continues at the same rate as now, and all other factors remain constant, even if we build movie theaters in all of the remaining empty spaces, the growth brought to the box office from 2015 to 2020 will only be about 26 percent," says Dr. James Li, one of Fanink’s founding partners. "In a nutshell, the conclusion was that the growth that comes just from the construction of movie theaters How to find an individual? is beginning to approach a ceiling." In April, Fanink conducted a nationwide survey by phone to capture current moviegoing habits in China. The company found that 30 percent of people aged 13-59 in urban China — where screens are already abundant — see a film in the theater every year, which compared to 76 percent of Americans. “There is a Skiptracing tool larger opportunity — and a big challenge — to grow the market just by recruiting more people to become regular moviegoers,” Li adds. Running in tandem with theater construction, the cultivation of modern moviegoing culture — most importantly, the phenomenon of the "event movie" — played a crucial part in China's box-office boom of the past decade. Li says further implementation of such practices will become increasingly vital for growth as cinema construction slows. "If the China market is to keep up these growth rates, there has to be some new growth engines," agrees Jeffrey Chan, COO of Bona Film Group. "The existing ones are flattening out." Some of the most immediate areas of need: developing Chinese-language franchises and cross-platform intellectual property, greater diversity of genres in Chinese cinema and longer theatrical release windows (currently, it only takes about one month for a Chinese domestic movie to become available for online streaming; the same is true for about one third of Hollywood movies in China).

For the original version including any supplementary images or video, visit http://www.hollywoodreporter.com/news/whats-behind-chinas-sudden-box-912718

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