Brazil, Russia, India, China Box Office Expected To Hit Combined $12.1B By 2017

After doubling their box office takings over the past five years, the BRIC countries will see combined revenues of $12.1B and account for 25% of global sales by 2017, according to research group IHS. That would put the Big Four on a par with where IHS expects the North American box office to be at that time. (It was $10.8B in 2012.) Driving growth are increased ticket prices and new construction — China is building cinemas daily and is expected to have about 20,000 screens by 2015 alone. IHS analyst Charlotte Jones also noted the loosening of quotas in China for 3D and IMAX films, the popularity of premium pics in Russia and the rise of shopping centers in Brazil as market drivers. (more…)

This article was printed from https://deadline.com/2013/03/brazil-russia-india-china-box-office-expected-to-hit-combined-12-1b-by-2017-458542/