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The Box Office Success of “In the Octagonal Cage” and the Growing Film Industry in July 2023

(Original title: The box office of the movie “In the Octagonal Cage” exceeded 2 billion yuan, and the total box office of the movie in July 2023 exceeded 8 billion yuan)

As of noon on July 30, according to Maoyan Professional Edition data, the movie “In the Octagonal Cage” was released for 25 days, with a total box office of 2 billion to 2.016 billion yuan, becoming the 31st movie in Chinese film history to break 2 billion at the box office.

According to the data of Beacon Professional Edition, as of 16:00 on July 29, the total box office of movies in July 2023 exceeded 8 billion yuan, and “In the Octagonal Cage”, “The Missing She”, and “Thirty Thousand Miles of Chang’an” ranked the top three in the July box office list “Fengshen Part I” and “Mission: Impossible 7: Deadly Reckoning (Part 1)” followed closely.

According to the analysis of Galaxy Securities, the recovery of film and television theaters is expected to accelerate in the second half of the year. The box office continued to recover significantly in the first half of the year. At the same time, AIGC has a significant impact on the film and television theater chain, which is specifically reflected in the cost reduction and efficiency increase on the supply side, and the comprehensive improvement of the production efficiency of film production from planning, production, to publicity and distribution. We mainly recommend film and television theater companies with sufficient film reserves: Enlight Media (300251.SZ), Wanda Films (002739.SZ), Huace Film and Television (300133.SZ), Bona Films (001330.SZ) and other companies.

This article comes from: Financial circles

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