Despite impressive progress in the entertainment segment (including filmmaking), China’s box office is yet no match for Hollywood.
China is a major force in most parts of the world economy, is home to the world’s largest population of cinemas and cinema-goers, so obviously there’s going to be comparisons between China’s film business and that of Hollywood.
Here are few things that works in favor of China.
However, despite these positives, China does not look like a threat to Hollywood yet.
- Nine of the top 10 box office earners of all time have been made in Hollywood (Dr Zhivago is the only exception),
- Lucas Films’ Star Wars franchise still has an awesome globe-dominating appeal, going by the collection of its latest release.
- Americans watch at least four times as many films every year (compared to Chinese).
- Despite its box office leadership inside China, The Mermaid would still fail to get into the world’s top 50 box office earners worldwide
- Despite the reputation of producers like Zhang Yimou, Chen Kaige, Wong Karwai or Feng Xiaogang inside China, few are known outside Asia (Taiwan-born Ang Lee is much more famous)
India puts both US and China in the shade, selling more than 9 billion tickets last year.
India produces close to 2,000 films, way more than US and China.
So Hollywood is still the world’s dominant film maker. I guess, we will have to wait for some more time before we can we see the next George Lucas or Stephen Speilberg from China.