China's box office revenues on Dec. 24 slumped year over year to 38.4 million yuan from 170.5 million yuan the previous year, Reuters reported, citing data from ticket platform Maoyan.
The Christmas Eve takings marked a 13-year low, according to the report.
Peking University literature professor Zhang Yiwu attributed the decline to the lack of blockbuster films and the rise of streaming services, Reuters wrote.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments