China entertainment industry is expected to see a CAGR of 11.8% during the period (2019-2025). China’s culture and entertainment industry have had arrived at an unprecedented time owing to significant revenue generation. China is one of the fastest-growing film industries, globally., By 2020, China is expected to exceed North America as the world’s largest industry in box office revenue. The value has been driven by the cohesive policies and emergence of the new players in the film industry. For instance, Wanda Group, a Chinese property developer, along with AMC Entertainment Holdings Inc. is using its commercial property to build movie theatres; expanded into the upstream film industry with its channel advantage. Thus, such developments were expected to boost the entertainment industry before the COVID pandemic. However, 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. The industry has been hit hard by the COVID-19 pandemic, which forced all the cinema halls and theatres, film shootings, events, and many other entertainment venues to shut down for an indefinite time.
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China entertainment industry is segmented into online video streaming, amusement parks, theatrical & film productions, sports, and live events and trade shows. Based on the segmentation, the live events and trade shows industry is expected to get highly affected due to the outbreak of a pandemic. The major factor for the downfall of the live events and trade shows industry includes stern government restrictions for the travel and tourism coupled with the practice of social distancing, regarding the rapidly spreading COVID-19 across the globe. It is expected that the restrictions on large gatherings will be in place for some more time, which will result in lower attendance at events. Moreover, the amusement & theme parks is another industry vertical significantly affected by the COVID-19 pandemic. Theme parks across the globe have been closed to prevent COVID-19 pandemic.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
China Entertainment Market – Segmentation
By Type
- Online Video streaming
- Amusement Parks
- Theatrical and Film Production
- Sports
- Live Events and Trade Shows
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
- Rivieza Events
- Shanghai Disneyland Park
- Shanghai Haichang Ocean Park
The Report Covers
- Comprehensive research methodology of China entertainment Industry.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting China entertainment Industry.
- Insights about market determinants which are stimulating China entertainment Industry.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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