China entertainment industry will see the considerable growth of 11.8% during the forecast period. The COVID-19 pandemic has put the Chinese entertainment industry under severe strain owing to the economic loss caused due to complete lockdowns, flight restrictions, transportation cease across the nation. Amid the COVID-19 pandemic, the Chinese film industry has been suffered terribly. Studios are also moving towards the online video streaming of their movies.
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Entertainment Venues Cancellations, Postponements, and Shutdowns due to COVID-19 pandemic-
- For the celebration of the Lunar New Year, for which hundreds of millions of people travel across Asia, Chinese cities such as Beijing have canceled most of the celebrations and closed major cultural sites.
- The Chinese Grand Prix in Shanghai set for April 19, has been postponed by the governing body Federation Internationale de l’Automobile (FIA) and Formula One.
- The start of the Avril Lavigne’ s Asian leg of her ‘Head Above Water World Tour’ in Shenzhen, China, on April 23, has been canceled.
- The Asian Athletics Association’s indoor championships to be held in Hangzhou was also canceled.
- The Boston Symphony Orchestra announced the cancellation of its Asia tour that included Taipei in Taiwan and Shanghai and Hong Kong in China.
- The World Athletics Indoor Championships, to be held in Nanjing in March were postponed until next year in 2021.
- Disney closed its $5.5 billion mega theme park in China, the Shanghai Disney Resort, in response to the prevention and control of the disease outbreak.
- China releases for Paramount’s Sonic the Hedgehog; Universal’s 1917, and Dolittle; Searchlight’s Jojo Rabbit has been postponed indefinitely.
Market Coverage
- Study Period- 2018-2025
- Base year- 2018
- Forecast period- 2019-2025
- Segments Covered- By Type
- Key Companies Profiled- Alibaba Pictures Group, China Film Group Corp., Fantawild Holdings Inc., iQIYI, Huanxi Media Group Ltd., Shanghai Disneyland Park, and Fantawild Holdings Inc.
Key questions addressed by the report
- What is the market growth rate during the forecast period?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market during the forecast period?
- How COVID-19 will impact the market growth in 2020 and coming years?
o Recovery Timeline
o Deviation from pre-COVID
o Most affected segment
o Recommendations
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
China Entertainment Market – Segmentation
By Type
- Online Video Streaming
- Amusement Parks
- Theatrical and Film Production
- Sports
- Live Events and Trade Shows
A full report of China Entertainment Market is available at: https://www.omrglobal.com/industry-reports/china-entertainment-market
Company Profiles
- Alibaba Pictures Group
- Beijing Enlight Pictures Co., Ltd.
- Chimelong Ocean Kingdom
- China Film Group Corp.
- Fantawild Holdings Inc.
- Huanxi Media Group Ltd.
- Huayi Brothers Media Corp.
- iQIYI
- Riviera Events
- Shanghai Disneyland Park
- Shanghai Haichang Ocean Park
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