China’s box office surpassed a 10 million yuan milestone on May 21, a month faster than it did in 2013, according to The Hollywood Reporter, with the domestic epic The Monkey King still topping China’s charts for the year so far.
It took 141 days for China to hit the 10-billion-yuan mark, which is a month faster than last year, according to M1905, the official website of the state broadcaster’s movie channel, CCTV6.
China’s movie box office sales rose 27 percent to $3.6 billion in 2013, according to data released by the Motion Picture Association of America, reinforcing China’s position as the world’s second-largest film market. Based on the latest figures, it appears on track to reach $5 billion this year.
There were 24 films during the period that made over $16 million (100 million yuan), and in total they accounted for 1.3 billion (8.125 billion yuan), or 81 percent of the box office.
Half of the 24 films were Chinese movies, with revenues of $670 million (4.2 billion yuan) and 12 were imported with revenues of $630 million (3.9 billion yuan).
Hong Kong director Pou Soi Cheang’s The Monkey King has already brought in over $170 million this year, followed by $115 million collected from Captain America: The Winter Soldier.
Domestic titles have so far led the way this year in China’s box office, seemingly taking on a similar trend as last year. Of the top 10 highest-grossing movies from 2013, only three foreign films ranked in the top 10, a considerable decrease from the year before.