China’s Film Industry – A New Era

Deloitte has launched the research report “China’s Film Industry – a New Era” as a part of the China Culture & Entertainment Report Series to provide research and POV on the Film Industry trend. The Culture & Entertainment Industry is currently booming with all kinds of changes. This report will provide insights on the trend and changes in Film industry in next five years.

With box office revenue of RMB44 billion in 2015, China is the fastest growing film market in the world. By 2020, China’s box office is expected to reach RMB200 billion and will exceed North America as the world’s largest market in box office revenue and audience numbers. Driven by policy, Internet, and capital, “new giants” are emerging. In particular, Internet companies, led by BAT, and real estate developers such as Wanda, have used resource advantages to gradually penetrate the entertainment industry and build an ecosystem.