The film and television industries in China contributed a total of $64.4 billion, up 53% since the last report in 2011, and about 4.1M jobs for the Chinese economy. In addition, those jobs pay 90% better than the average job in China. The information comes from the latest 2014 findings of the Economic Contribution of the Film and Television Industries in China. Report presented by the Motion Picture Association also showed that it generated total tax revenues of $16.9 billion.
The report was prepared by Oxford Economics and was developed in partnerships with several leading trade organizations in China’s film and entertainment industries, including China Film Distribution and Exhibition Association, China Film Producers’ Association, China Film Copyright Association, and China Audio-Video and Digital Publishing Association.
This total contribution, covering the film, television and home entertainment industries, consists of the direct contribution, supply-chain effects (from purchases by the film and television sectors from other industries within the country) and employee spending effects on the economy. The direct contribution (of the film and television industry exclusively) was $23.7 billion.
“The numbers reflected in this report are cause to celebrate the success of the film and television industries in China,” said Mike Ellis, President & Managing Director, Asia Pacific, MPA in presenting the report. “The hard work behind the cameras and the bright lights are paying dividends in attracting huge audiences to quality cinemas and the dynamic small screens of mobile or tablet. We are fully committed to working closely with the local screen community to promote and protect an industry that makes such a significant economic and cultural contribution to the country.”
MAO Yu, Deputy Director General, China Film Bureau added that “the report indicates that the industry’s impressive growth will continue, and that is good news for the many people working within the sector and for people who enjoy films and television shows.”
YU Dong, President, Polybona Films noted that they are working together and diligently “to protect our intellectual property, so that we can create sustainable, growing businesses.”
The report was unveiled at the U.S. China Film Summit at the Dorothy Chandler Pavilion in Los Angeles on Nov. 5.