Hollywood studios first entered the Chinese market in 1994 with “The Fugitive” opening in theaters across Mainland China.
Popular features at the time, including "True Lies," "Titanic," and "Transformers" …
….previously dominated the Chinese box office…
…with Marvel’s "Avengers: Endgame" grossing over $592 million in 2019.
But in 2023, no American movies ranked among the 10 highest grossing in China despite highly anticipated sequels in the "Mission: Impossible," "Fast & Furious" and "Spider-Man" franchises.
As of 2024, only "Godzilla x Kong: The New Empire" has made it into the top ten.
Chinese audiences now prefer to see their own stories on the big screen, with China now the center of the largest movie studios in the world, including “Oriental Movie Metropolis” and “Hengdian World Studios”.
Hollywood studio reactions to all this ?
‘Forget it Jake. It’s Chinatown”.
Click the images to enlarge…
