China's box office becomes a giant headache for Hollywood

Seventeen US films have been released in China this year, down from 30 last year and 52 in 2019. PHOTO: AFP
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HONG KONG (BLOOMBERG) - When Godzilla Vs Kong opened with weekend sales of nearly US$70 million (S$95 million) in China in March, it seemed the market would be a bright spot for Hollywood studios: most cinemas were open, while American film-goers were still staying home because of the pandemic.

But 2021 is turning into a disappointment for movie companies in China, which passed the United States last year to become the world's largest film market.

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