Lights, camera, economic action! IMAX China CEO Daniel Manwaring just dropped some reel wisdom about how Chinese movies are becoming box office and economic superstars.
Speaking to CGTN, Manwaring revealed that the hunger for premium content is reshaping the global film market – with China's industry now doubling as an economic engine. Local blockbusters aren’t just selling tickets; they’re boosting tech innovation, creating jobs, and even influencing global culture.
\"Think of Chinese cinema as a triple threat,\" he explained. \"It’s driving GDP growth while serving as a cultural megaphone for the Chinese mainland.\" Recent hits like sci-fi epics have proven that local stories can conquer both domestic charts and international audiences.
Behind the scenes? A massive ecosystem of creatives, tech companies, and entrepreneurs fueling this rise. Manwaring noted that IMAX China’s revenue growth – up 75% since 2022 – mirrors the industry’s explosive momentum. But this isn’t just about movie magic: analysts say every $1 in box office revenue generates $4 in wider economic value.
Reference(s):
cgtn.com