China overtakes the United States as the largest film market

China supera a Estados Unidos como el mercado cinematográfico más grande

The world is changing at breakneck speed and now China has overtaken the United States at the annual box office for the first time in history.

While it is true that there is a global pandemic due to the Coronavirus (COVID-19), an event has just occurred that recently seemed unthinkable. Since the United States is no longer the most powerful market for cinema in favor of China. The Asian giant has reached 1,988 million in 2020 over the weekend. Meanwhile, the North American box office is just 1.937 million. The main factor is that Chinese cinemas can operate at 75% of their capacity, while in the USA, many theaters are closed.

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After closing due to the Coronavirus (COVID-19) pandemic, China's movie theaters were able to return to activity at the end of July. Since then, the country has seen the release of numerous box office hits. The most powerful has been The Eight Hundred (Ba Bai), which has grossed $ 460 million, making it the highest grossing film of 2020 at the global box office. The second that stands out is My People, My Homeland, which grossed 360 million after just 18 days of release.

On the contrary, American theaters reopened at the end of August and only one film has achieved a great success, as is Tenet, with 50 million dollars and 283 million in the rest of the world, of which 29 million were from China. Instead The New Mutants it failed with 22 million in the USA and 23 in the rest of the world. For now, the highest grossing film of 2020 in the United States is Bad Boys for Life that reached 426 million dollars.

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Another movie to mention is Mulan, since in the United States it premiered in Disney +, while in China it raised 23 million, a bit poor figure, since it was totally oriented to the Asian market.

This situation will be normal from now on.

That China has higher-grossing films than the United States, is something that sounds a bit strange for now, but we will have to get used to it. Since there will be more and more premieres that go to streaming. However, in the Asian country, cinema is a very popular entertainment and tickets are increasing more and more in price. Therefore, the collection will be much higher, becoming the number 1 market even if the rooms are at 100% of their capacity in both territories. Without forgetting that there are 1,400 million inhabitants and it is the country in the world where more cinemas are opened.

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