Hundreds of blockbuster new films are exposed! How much did film companies earn in the first half of 2024？
Special feature of 1905 film network With the end of the summer file, as of September 4th, the total box office of China movies in 2024 has recently exceeded 33.5 billion yuan.
Over the past month, major listed companies in the film and television industry have also released their reports for the first half of 2024 (January-June). According to statistics, China Film, Shanghai Film, Light Media, Huayi Brothers, WANDA CINEMAS, Hengdian Film and Television, Huace Film and Television, Xinli Media and Maoyan Entertainment (listed in Hong Kong) all achieved profits, while Bona Film, Joy Media (listed in Hong Kong), Beijing Culture, Jinyi Film and Television and Happy Blue Ocean all suffered losses.
Among them, the revenue and profit of Enlight Media increased substantially, Huayi Brothers turned losses into profits for the first time after six years, and Maoyan Entertainment’s income continued to be steady, with outstanding performance.
1905 Film Network specially collated the reports of 12 listed companies in the film and television industry in the first half of 2024, from which we observed the operating performance of each company and looked forward to hundreds of new films reserved by major film companies.
Some films are scheduled to be released in the second half of the year, and some are still in the stage of starting shooting, post-production or early development, including new film information that is highly anticipated by the market.
China movies:
The cumulative box office of participating movies was 12.88 billion yuan, and there were more than 90 reserve projects.
As a domestic head-listed film company, in the first half of 2024, China films led or participated in the production of 18 films, with a cumulative box office of 12.88 billion yuan, accounting for 69.53% of the total domestic film box office in the same period, and maintained a leading position.
Among the top ten domestic box office films, there are 7 films led or produced by the company. Among them, "Pegasus 2" is the top three in the Spring Festival box office and the dark horse in the May 1st box office.
The company achieved an operating income of 2.122 billion yuan in the first half of the year, down 25.72% year-on-year. The net profit attributable to shareholders of listed companies was 204 million yuan, a year-on-year decrease of 43.30%.
China Film will continue to intensify its creative efforts. At present, there are more than 90 projects being created and developed, including more than 40 original projects, including the second and third epic films "Volunteers", which show the great course of resisting US aggression and aiding Korea in a panoramic way, and the film "I am not old if you don’t come", which is adapted from Jin Yong’s classic martial arts work.
In addition, "China Film Young Filmmakers Program" has produced 11 young film projects. Among them, the new comedy will be released in the Mid-Autumn Festival on September 15th.
Shanghai movies:
The development and operation performance of the whole IP industry chain is bright, and the annual film list is announced.
The operating income of Shanghai films in the first half of the year was 381 million yuan, a year-on-year increase of 2.39%. The net profit attributable to shareholders of listed companies was 69.0818 million yuan, a year-on-year increase of 4.92%.
Cinema line, cinema management, film distribution and big IP development are the main sources of revenue and profit growth of Shanghai Film Group:
During the reporting period, Lianhe Cinema, a subsidiary of Shanghai Film, accumulated 1.761 billion yuan (including service fees), ranking fourth in the country, with a market share of 7.41%. The total box office of direct-operated cinemas is 245 million yuan (including service fees), accounting for 1.03% of the market. YOLO’s "Boonie Bears: Time Twist", a popular film in the Spring Festival, has the participation of Shanghai films or Shanghai film stars. Shangyingyuan develops and operates around the entire IP industry chain, achieving a double growth rate of revenue and profit of over 100%.
At present, two new films have not yet been finalized.
A few days ago, Shanghai Film Co., Ltd. released the latest film list for 2024-2026, and will soon launch Xiaoyao Youyou, Burning Biwa, Farewell, and Fairy Tales of Elephants. The projects under production include Land of Living, Summer of Little Monsters: Once upon a time there was a Langlang Mountain, and China Qitan 2. The movies A Thousand Miles of Rivers and Mountains, Secret Files and Snow Dragon are also under development.
Light media:
The net profit reached 473 million yuan, and 52 new films are being produced and planned.
Compared with the same period of last year, the operating performance of Light Media has been greatly improved. Operating income was 1.334 billion yuan, a substantial increase of 120.43% year-on-year; The net profit attributable to shareholders of listed companies was 473 million yuan, up 133.14% year-on-year.
The revenue and profit of the film business of Light Media have increased substantially compared with the same period of last year. The films that the company participated in the investment, distribution and included in the box office during the reporting period included, achieving good market performance. Some films released in 2023 and carried over to the reporting period included (re-screening), with a total box office of about 2.813 billion yuan.
Light Media currently has three films to be shown. There are 52 film projects under production and pre-planning, including "Little People", which are scheduled for October 26th.
Following Article 20, Light Media will continue to develop and create a series of "Article X" with social and legal themes, such as Article 3, which shows a legally prescribed punishment for a crime, and Article 17, which focuses on juvenile delinquency.
In terms of animation, Big Fish Begonia 2, Acacia, Inhumanity, Zhuolu, Jiang Ziya 2 and Yesterday’s Blue Sky 2, which have attracted much attention from the market, are all advancing at their own pace. In addition, Light Animation is making every effort to promote the first animated film with contemporary fantasy theme, which is completely produced by the company, and it is expected to complete the team building this year.
Bona Film:
We will focus on "Operation Dragon" and "Princess Kashmir"
In the first half of the year, Bona Film actively promoted the implementation of film and drama projects according to the established strategic layout, and continuously optimized the construction and operation of cinemas. The company realized operating income of 640 million yuan, down 24.64% year-on-year. The net profit of returning to the mother was-138.5 million yuan, a year-on-year increase of 47.67%.
In the first half of the year, the film business realized an operating income of 156 million yuan, down 50.21% year-on-year. Bona participated in the second box office movie Pegasus 2 in the Spring Festival, but the movie Challenge that he participated in or released later failed to achieve satisfactory box office results.
Bona Film’s reserve projects are in different stages of promotion, among which the highly anticipated key project "Operation Xiaolong" is already in post-production, and "Princess Kashmir" is in the early stage of preparation, and it is planned to start this year.
Huayi Brothers:
After six years, he turned losses into profits and has participated in popular new films such as 749 Bureau and Dongji Island.
Huayi Brothers’ total operating income in the first half of the year was 308 million yuan, down 9.05% from the same period of last year. The net profit attributable to shareholders of listed companies was 24,717,300 yuan, an increase of 117.31% over the same period of last year.
Huayi Brothers, which suffered losses for six years in a row, turned losses into profits in the first half of this year, and many film and television dramas that the company participated in and produced were released and realized income. In terms of movies, the intertemporal film "If You Are the One 3" has achieved a total box office of about 1.672 billion yuan.
At present, many films that Huayi Brothers has participated in: The 749th Bureau directed, The Second Volunteer Army directed, directed, and starred, and the urban love movie The Breakup List directed, directed and starred are all in the post-production stage.
Directed, starring has been finished; Directed by Zhu Yilong and starring in "Dongji Island", it started production in June; Directed by Xiaogang Feng, and starring, are already in preparation.
In addition to participating in the project, new films such as Special Gift, Man in the Net, Parallel Mission, Juvenile Rocket, Unexpected Farewell, Super Mary, Private Zhang Ga, One-stop, Promised Gold, etc. developed by Huayi Brothers are also stepping up preparations for the launch.
WANDA CINEMAS:
Movies shown in the first half of the year are all profitable, so hurry up.Independent development projects such as
WANDA CINEMAS achieved operating income of 6.218 billion yuan in the first half of the year, down 9.48% year-on-year, and net profit attributable to shareholders of listed companies was 113 million yuan, down 73.18% year-on-year. The year-on-year decline in the company’s net profit was higher than the decline in operating income, mainly due to the high correlation between the cinema plate and the box office of the movie market.
Other business segments performed well, and both the released movies and the broadcast dramas in the first half of the year achieved profitability. For example, producing films and becoming box office champions in May 1st and Dragon Boat Festival. Participating in the Spring Festival movie "Article 20" and "Bears: Reversing Time and Space" also achieved a double harvest at the box office.
Wanda is also paying close attention to independent development projects and tapping high-quality themes and industry head resources. Among them, "White Snake: Floating Life" has been released in the summer file. "manslaughter 3" and "cheat" like you "have been filmed and are expected to be released this year.
The reserve project "Turn to Flowers" and the interactive project "Don’t open that door" are all progressing as planned. The participants have been released in the summer file and will appear in the Mid-Autumn Festival file on September 15th.
Hengdian film and television:
The profit is nearly 90 million, and we will continue to increase content production and investment.
As the second largest cinema investment company in China, Hengdian Film and Television achieved revenue of about 1.166 billion yuan in the first half of the year, down 0.52% year-on-year. The net profit attributable to shareholders of listed companies was 88.4299 million yuan, a year-on-year decrease of 21.65%.
In the key development sector of film and television investment, production and distribution, the operating income was 152 million yuan. Pegasus 2, Boonie Bears: Time Twist, Article 20, I don’t want to be friends with you, volleyball boy, produced by Hengdian Film, a wholly-owned subsidiary mainly engaged in film and television investment and production! ! Dump decisive battle "and other films, and achieved good box office results. The investment film "Silent Killing" has been shown in the summer file.
The business goal of Hengdian Film and Television in the second half of the year also puts the continuous increase in content production, investment and distribution at the top of the list.
Maoyan Entertainment:
The net profit reached 352 million yuan, and a large number of new films were released or produced.
Maoyan Entertainment handed in a good report card in the first half of the year, with total income of 2.171 billion yuan, net profit of 284.8 million yuan and adjusted net profit of 351.8 million yuan.
As a leading film distributor in China, Maoyan Entertainment participated in the distribution or production of 32 domestic films in the first half of the year, with a further increase compared with the same period in the past. Among them, among the top five domestic films at the box office in the first half of the year, four films were involved in the distribution or production.
In the first half of the year, Maoyan Entertainment participated in the development of more than 20 film projects, and new films such as Life Conference, The Son of Time, Improvised Murder, and Money for Money have been launched or are progressing steadily.
In the follow-up, there are a series of films that will be released or produced one after another, such as the National Day file and the New Year’s file of "Deceiving You". In addition, "The Victory is in the Hand", etc., will also take the opportunity to meet the audience.
Joy Media:
"Sauce Garden Lane" and "Playing Alone" are scheduled to be released in the next year.
The film and box office performance launched by Joy Media in the first half of the year failed to meet expectations, and the key films invested were not shown in the cinema in the first half of the year, so the income was lost and the net loss was about 89.05 million Hong Kong dollars.
After the release of movies and movies in the summer, Joy Media plans to launch a number of movies in the cinema from the second half of next year to the first half of next year, including "The Lane in the Sauce Garden" directed by Lei Jiayin, "Playing Alone" directed by Chen Kexin and starring Hugh, and "The Stage" directed and directed by Peisi Chen. Reserve projects include directing, starring and directing.
In addition, the screenwriter, the drama film Ruyi Hotel, which depicts the police involved in the disappearance of trucks, the film directed by you, which outlines the social changes in China for a quarter of a century, and the fantasy love film Mermaid, which is directed and starred, are involved in the investment.
Joy Media is planning andZhang YimouWorking together again, last yearMan Jiang HongOn the basis of the double harvest of box office reputation, create another fascinating film work.
Beijing culture:
Is strengtheningTrilogy of deitiesThe second and third post-production
Beijing Culture, which suffered losses for five years in a row, achieved a total operating income of about 7.72 million yuan in the first half of the year, a decrease of 94.31% compared with the previous year. The net profit attributable to shareholders of listed companies was-32.75 million yuan, a year-on-year decrease of 46.29%.
The company continued to carry out overseas publicity and development work in the first half of the year. Three films "Twinkle, Twinkle, Bright Stars" have been released, and "Under the Alien" appeared in the summer file.
The report shows that the second and third parts of the trilogy of gods are in the post-production stage, and the company and the director’s content team are working closely together to control the cycle through a series of refined, customized and modular ways, and vigorously introduce and use cutting-edge technologies to realize the same-frequency enhancement of visual effects and artistic expressions, so as to ensure the quality of the film to the greatest extent.
Beijing’s cultural investment was released on September 15th, and participated in the investment and announcement of "749 Bureau" and "Dongji Island". The director’s Xuanzang Code (tentative name) and the screenwriter’s Beyond Time are in the early stage of development.
Huace Film and Television:
The three participating films have a good box office.Assassination of the Novelist 2 has been turned on.
Huace Film and Television achieved an operating income of 368 million yuan in the first half of the year, down 67.67% year-on-year. The net profit attributable to shareholders of listed companies was 71,203,600 yuan, a year-on-year decrease of 70.39%.
In terms of film business, three films "I don’t want to be friends with you" and "Silent Kill" that Huace participated in have all been released and achieved beautiful box office results. The new master film Wild Times started shooting in February, and Assassination of the Novelist 2 also started shooting in August.
In the second half of the year, the film project released by the master controller is "The Determination to Leave", which is in post-production and preparation for release. In the next step, Huace Film and Television said that it will produce an S-rated film every year through the combination of main investment and participation, and participate in important film projects, and continue to build a film production system.
Xinli Media:
YOLO will help make a profit of 300 million yuan and will focus on launching two mysterious new films.
According to the interim results released by Reading Group, Xinli Media’s revenue in the first half of the year was about 1.05 billion yuan and its profit was about 300 million yuan. The main source of income is the movie YOLO, which currently ranks as the annual box office champion and the highest overseas box office Chinese movie this year.
At the conference call, Xinli Media revealed that the next step would be to focus on films such as Passionate and Detective China. The specific information of these two new films has not been released yet.