Bloomberg has a must-read story all about how Hong Kong's movie industry is booming again. Thanks to Goldman Sachs Group Inc. and Standard Chartered Plc, which together are bankrolling Hong Kong filmmakers to tap the Chinese market which should grow 30% annually over the next decade. Several other film funds have started on the mainland with American and other money to produce movies also aimed at the Chinese market. China's box-office receipts jumped by a third to $349 million last year, and sales will continue to rise as theaters open in smaller cities. "I believe in Chinese cinema,'' director John Woo is quoted as saying. "Expect great movies from China and Hong Kong in the years ahead."
Chinese Films Made For Chinese Market
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Title Studio Gross 1 Alice In Wonderland Disney $116.1M 2 Brooklyns Finest Overture $13.4M 3 Shutter Island Paramount $13.2M 4 Cop Out Warner $9.3M 5 Avatar Fox $8.1M 6 The Crazies Overture $7.1M 7 Lightning Thief Fox $5.1M 8 Valentines Day Warner $4.2M 9 Crazy Heart Fox $3.3M 10 Dear John Sony $2.8M 11 Tooth Fairy Fox $1.7M 12 The Wolfman Universal $1.6M 13 Ghost Writer Summit $1.3M 14 The Blind Side Warner $1.3M 15 The Last Station SPC $0.7M 16 Up In The Air Paramount $0.6M 17 When In Rome Disney $0.6M 18 The Squeakquel Fox $0.5M 19 The Book Of Eli Warner $0.5M 20 The Hurt Locker Summit $0.4M SOURCE: RENTRAKBox Office Poll
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