We've Got Hollywood Covered

China’s Box Office to Reach $1.5 Billion

Take up 61 percent from previous year

Movie box office takings in China could exceed 10 billion yuan (1.47 billion U.S. dollars) this year, up 61 percent from the previous year, an official said Saturday.

La Peikang, a deputy director of the State Administration of Radio, Film and Television, said the box office had surged to 6.2 billion yuan in 2009 from less than 1 billion in 2003.

China-made films grabbed a 56.6-percent share of the box office last year with competition from Hollywood blockbusters, La told a forum on animated films in the eastern city of Hangzhou.

Read more at People’s Daily Online.