Beijing Culture, the studio behind blockbuster movie ‘The Wandering Earth’, has said it expects to report a loss of 48-68 million yuan. Photo: Reuters

Chinese film studios expected to report losses, face further decline as audiences cut spending amid economic slowdown

  • Box-office revenues across the country were down 2.7 per cent to 31 billion yuan in the first half
  • Attendance contracted by 93 million, a fall of 10 per cent year on year
Topic |   China economy

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Beijing Culture, the studio behind blockbuster movie ‘The Wandering Earth’, has said it expects to report a loss of 48-68 million yuan. Photo: Reuters
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Pearl Liu

Pearl Liu

Based in Hong Kong, Pearl covers the property market in the city and China and follows major listed developers. She previously worked at The Straits Times and has also contributed stories to China Daily.