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Chinanews, Shanghai, March 14 – Several luxurious1 cinemas are under construction in Shanghai, besides the two that were completed recently. In fact, the whole movie industry is booming right now.
“Domestic movie market might observe the most radical2 change ever in 2007, ” said someone working in the movie industry. The opening of foreign-invested cinemas 20 years ago was only a prelude3 to its prime. Currently, Chinese capitals are also very active in the movie industry. According to the latest data, there are less than 20 foreign-invested cinemas in Shanghai, but they contribute 30% of box-office values there. The most popular cinemas and the most luxurious ones are all foreign-invested, too. In fact, the success of foreign-invested cinemas has set good examples for Chinese investors4. It is estimated that there is still a 10-billion-yuan space for domestic box-office value to grow, not to mention that the market value will very probably increase to 10 times its current size. No investors will neglect this raw diamond.
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