China’s box office to topple US; to top world in 2017: Report 

With a compounded average annual growth of 19.1 per cent, China’s box office takings are expected to hit USD 15.08 billion by 2020, the report said.

The report estimates a whopping USD 49.3 billion of box office earnings across the globe in 2020, with nearly one third of it to be generated in China.

Jiang Xiaoping, a PwC China partner, said the robust expansion of China’s film industry is driving the global development.

According to predictions, revenue from advertising in the Chinese film industry will exceed USD 161 million by 2020, and the average ticket price will climb to 6.04 dollars from 5.44 dollars currently, the report said.