Alibaba Pictures (01060) is now up more than 3%. As of press release, it has risen 3.49% to HK$0.445, with a turnover of HK$42.1285 million.
The Zhitong Finance App learned that Alibaba Pictures (01060) is now up more than 3%. As of press release, it has risen 3.49% to HK$0.445, with a turnover of HK$42.1285 million.
According to the news, Lighthouse Professional Edition released the November Film Market Report, saying that in November this year, the total box office of national movies reached 1.877 billion yuan, an increase of 11.4% over the previous year. In November, a total of 25 movies broke through the 10 million box office mark, a significant increase from 18 in the same month last year. According to reports, as of November 27, the total box office of Chinese films in 2024 has broken the 40 billion yuan mark.
CICC previously pointed out that in 2024, the movie market is under relative pressure, and film investment and distribution revenue may drop as well under a high summer program base. The bank believes that the market's expectations for 2024 movie box office are relatively sufficient, and that the 2025 Spring Festival program has a high standard of scheduled and reserve films, which is expected to help boost confidence in the development of the film industry. It is recommended to focus on the potential growth potential of the Spring Festival box office and the box office performance of “Fengshen 2” in which the company participated.