• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

China’s Christmas Eve box office plunges to 13-year low

by December 25, 2024
written by December 25, 2024

By Sophie Yu and Brenda Goh

BEIJING (Reuters) – China’s box office revenues for Christmas Eve plummeted to the lowest in at least 13 years, data from ticket booking platform Maoyan showed on Wednesday.

Zhang Yiwu, a literature professor at Peking University, attributed the decline to a confluence of factors, including an unimpressive selection of films and the rise of streaming services.

“The leading reason in my view is a lack of blockbuster films,” Zhang said.

Takings for Tuesday were 38.4 million yuan ($5.26 million), less than a quarter of last year’s 170.5 million yuan, and the lowest since Maoyan began keeping records in 2011, when revenues were 115.9 million yuan.

Christmas Eve is not a public holiday in China and the big dates on cinema schedules are the week-long Spring Festival next month and National Day holiday in October, but Christmas Eve sales are closely watched because this is the last sprint at the end of the year.

Before the COVID-19 pandemic, China’s annual film box office was on an upward trajectory, peaking in 2019. However, the pandemic’s restrictions on gatherings led to a decline in box office, and the recovery has been weaker than insiders’ hopes in the past two years.

($1 = 7.2989 Chinese yuan renminbi)

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Wolfe outlines three phases of ‘Trump Trade’ for 2025
next post
Turkish cenbank rate cut expectations rise after 30% minimum wage hike

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks

      June 26, 2025
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

      June 26, 2025
    • Bumble shares jump 26% as dating company plans to axe 30% of workforce

      June 26, 2025
    • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

      June 25, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (534)
    • Stock (6,426)

    Latest News

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    Popular News

    • Greece stocks lower at close of trade; Athens General Composite down 0.17%
    • TSMC confident CHIPS Act funding will continue under Trump, CFO Huang tells CNBC

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy