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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World China's cinemas set for record box office in 2010 AFP - Sunday, May 2 Send IM Story Print China's cinemas set for record box office in 2010 BEIJING (AFP) - – China could earn a record 10 billion yuan (1.5 billion dollars) in box office takings this year, as a growing number of well-off young urbanites flock to the cinema. La Peikang, deputy director of the State Administration of Radio, Film and Television, China's movie regulator, said this would represent a 61 percent jump from 2009, the official Xinhua news agency reported. The figures compared to takings of less than one billion yuan in 2003, he added. China-made films grabbed a share of more than 56 percent of the box office last year in a nation that now counts at least 5,000 cinema screens, the report quoted him as saying late Saturday. The Chinese movie industry is protected by a system that only allows around 20 foreign films to be screened a year, allowing homegrown directors to create Hollywood-style blockbusters without the threat of major overseas competition. At the beginning of the year, however, James Cameron's "Avatar" became China's all-time box office champion, grossing 1.3 billion yuan, the report said. Recommend Send IM Story Print Related Articles Elbit Systems wins $50 mln Israel defence contract Reuters - 42 minutes ago Japan Kan: tax hike unavoidable at some point Reuters - 44 minutes ago Australia plans 40 percent tax on mining profits AP - 45 minutes ago MIDEAST STOCKS - Factors to watch - May 2 Reuters - 55 minutes ago US-BUSINESS Summary Reuters - 1 hour 9 minutes ago News Search Top Stories Eurozone set to endorse Greek bailout plan Sunday Weather hampers oil spill efforts in Gulf of Mexico Obama jokes about his ratings and nationality Greek crisis to dominate ECB Lisbon meeting: analysts US oil production, shipping unaffected by spill so far More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Lady Gaga, Bill Clinton, Lula top Time's influence list Australia plans world-first plain cigarette packets Obama says US economic heartbeat 'growing stronger' Spain jobless rate tops 20%, adding to debt worries Weather hampers oil spill efforts in Gulf of Mexico More Most Viewed » Aliens may exist but contact would hurt: Hawking Apple engineer loses iPhone prototype French driving veil row escalates Airlines want compensation as Europe's skies reopen More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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