Chinese cultural industries bloom with game, film and TV companies
2017/05/18

Game enterprises and film and television companies have become two major winners of the top cultural enterprises in the country, according to the latest "National Top 30 Cultural Enterprises" list released on May 11.

Many such enterprises, including China Film, Shanghai Film, Huayi Brothers Media Group, and Perfect World, now rank in the top 30.

Compared to the previous years, listed companies dominate the ranking and their number is rising. The word "listed" now is an important identity of many cultural enterprises.

Since 2008, the "National Top 30 Cultural Enterprises" has been annually released. Companies mainly providing performance services dominated the list in 2008, but now have almost disappeared from the list.

Large press houses, such as China Publishing Group Cooperation and China South Publishing, and Media Group, have featured in the top 30 every year in the past nine years.

The rapidly developing market of game, film and TV accounted for the rising number of companies serving such products.

According China Film News, the total box office of Chinese film industry was to 4.34 billion yuan ($0.72 billion) in 2008. And it increased to 45.7 billion yuan ($7.6 billion) in 2016.

As the spread of internet and smart phones increases, fast growing game industries in China in 2016 recorded 165.5 billion yuan ($27.4 billion) in sales, according to the 2016 Chinese Game Industries Report.

The great popularity of game, film and TV companies has pushed some publishing houses to shift their attention to this expanding field.

 

Updated: 2017-05-17 13:39:48

( Chinaculture.org )