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Chinese Mainland Box Office Surpasses 29-billion-yuan Mark

| Sep 08, 2015 07:04 AM EDT

"Monster Hunt" is one of the proofs of Chinese animation sector's success.

The cumulative box-office revenue of Chinese mainland for 2015 has already surpassed 29.7 billion yuan, a 48.5-percent increase year-on-year.

The figure is also higher than the total revenue earned by the Chinese box office for the whole period of 2014.

Majority of this year's total so far--60 percent or 18 billion yuan--came from locally produced films. For industry insiders, the improved quality of domestic titles and productions was significant in the strong performance of local movies.

Currently, "Fast and Furious 7" is China's highest grossing film of all time.

The seventh installment of the famous Vin Diesel-starred franchise broke records in China as it scored the highest ever single-day debut of all time, opening at nearly 440 million yuan.

The movie, which earned global recognition, served as the last "Furious" film for actor Paul Walker, who died in a car accident in Nov. 2014.

"Fast and Furious 7" was followed by the domestic title, "Monster Hunt." The animation film is the country's biggest-earning local movie.

"Monster Hunt" was able to rack up the revenue of Chinese box office last July, where the cume of films shown during the period reached 5.6 billion yuan.

During the same time span, the revenues came mostly from domestic productions, which stood at 95.6 percent.

By the end of this year, analysts predict that the Chinese box office could reach as high as a record-breaking 40 billion yuan. The experts cited that there are still a number of big titles set to land on theaters for the remaining months of 2015.

Among the much-anticipated home-grown movies are "The Ghouls," "Lost in Hong Kong" and "Mr. Six."

Hollywood titles such as "Pixels," "Ant-Man" and "Mission Impossible Rogue Nation" are also awaited.

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