Business / Industry Watch

Radio, film and TV industries generate $60b in 2013

(Xinhua) Updated: 2014-07-10 10:45

Radio, film and TV industries generate $60b in 2013

People walk out the China National Film Museum on June 20, 2014 in Beijing. [Photo/IC]

BEIJING - China's radio, film and television industries reported revenues totaling 373.5 billion yuan ($60.1 billion) in 2013, according to an official report released Wednesday.

Advertising revenues of the television and radio industries amounted to 138.7 billion yuan, up 9.19 percent from the previous year, according to an annual report issued by the State General Administration of Press, Publication, Radio, Film and Television.

Box office revenues hit 21.77 billion yuan last year, with domestic productions grabbing 12.77 billion yuan, or 58.65 percent of the market share.

The report said domestic productions, which totaled 824 last year, were the dominant driving force for the increase of 4.7 billion yuan in ticket sales from the previous year.

According to the report, the revenues of the Internet audio-visual industry surged 41.9 percent from the previous year to 12.81 billion yuan.



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