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China headed toward $2 billion mark at box office

By Sean O’Connell
Hollywoodnews.com: This summer, three films passed the $1 billion mark at the international box office, a stunning accomplishment made possible by the financial contributions of the ever-important Chinese market. This morning, it’s being reported that China alone is on pace to surpass $2 billion in total ticket sales, even as the rate of growth in the massive country has slowed.

China, as it stands, is the third-largest film market. And while it grew from 2010 to now, The Blue Book of China’s Culture 2011 says that the market “will grow at a rate closer to 30% this year, rather than 64% from 2009 to 2010 (via THR).

Films such as James Cameron’s “Avatar” helped stimulate China’s box office last year, while the global economy this year was boosted by the performances of “Transformers: Dark of the Moon,” the fourth “Pirates of the Caribbean” film and the eighth and final “Harry Potter” installment.

THR adds that China “now boasts over 6,000 cinema screens, helping to push numbers higher as films become more accessible to audiences in more remote areas.”

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