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Performing arts market posts 5% growth in 2018

China's performing arts market grew 5 percent year-on-year to 51.41 billion yuan ($7.34 billion) in 2018, according to an annual industry report. The market data included 2.9 billion yuan from rural markets, up 10.22 percent from the previous year, a report issued by China Association of Performing Arts showed. Revenue from ticket sale was 18.22 billion yuan, which contributed the most to the performing arts market, while government subsidies made up 13.58 billion yuan. Based on the data provided by ticket companies, the report found that more than 60 percent of the audiences were born after 1990 and the average purchase price was 1,200 yuan. In the meantime, theater performances were growing faster in lower-tier cities, with an average of 50 performances staged in third-and forth-tier cities last year, up 10 percent from 2017.

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