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Foreign releases lose out on revenue as homegrown films dominate Chinese box office China surpassed North America as the largest movie market in December 2019 with $3.13 million in earnings. FP Staff January 06, 2021 16:57:33 IST A still from The Eight Hundred, which earned $460 million at the Chinese box office | Image from Twitter
Foreign releases in China have lost out on revenue as homegrown releases gather steam at the box office. There has been a 55 percent decline in collection, according to industry data tracker Maoyan Entertainment, writes
China surpassed North America as the largest movie market in December 2019 with $3.13 million in earnings. Hollywood has been impacted due to erratic release schedules and moviegoers choosing domestic films over foreign content. The North American box office last year made $2.8 million, an 80 percent decline