It's the worst Christmas time for the Chinese movie box office in 13 years, with a record-low of 38.4 million yuan on Tuesday, according to data from Maoyan. This is less than a quarter of last year's 1.7 billion yuan and the lowest since 2011, when the box office revenue was 1.159 billion yuan. A professor from Beijing University attributes the decline to multiple factors, including poor movie choices and the rise of streaming services.
Historical comparison of single-day box office revenue for Chinese New Year
2017: 330 million yuan (Sunday)
2018: 110 million yuan (Monday)
2019: 136 million yuan (Tuesday)
2020: 177 million yuan (Thursday)
2021: 110 million yuan (Friday)
2022: 110 million yuan (Saturday)
2023: 170 million yuan (Sunday)
2024: 38.4 million yuan (Tuesday)