China entertainment industry is expected to see a CAGR of 11.8% during the period (2019-2025). China's culture and entertainment industry have had arrived at an unprecedented time owing to significant revenue generation. China is one of the fastest-growing film industries, globally., By 2020, China is expected to exceed North America as the world's largest industry in box office revenue. The value has been driven by the cohesive policies and emergence of the new players in the film industry. For instance, Wanda Group, a Chinese property developer, along with AMC Entertainment Holdings Inc. is using its commercial property to build movie theatres; expanded into the upstream film industry with its channel advantage. Thus, such developments were expected to boost the entertainment industry before the COVID pandemic. However, the COVID-19 pandemic has put the Chinese entertainment industry under severe strain owing to the economic loss caused due to complete lockdowns, flight restrictions, transportation cease across the nation. The industry has been hit hard by the COVID-19 pandemic, which forced all the cinema halls and theatres, film shootings, events, and many other entertainment venues to shut down for an indefinite time.

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China entertainment industry is segmented into online video streaming, amusement parks, theatrical & film productions, sports, and live events and trade shows. Based on the segmentation, the live events and trade shows industry is expected to get highly affected due to the outbreak of a pandemic. The major factor for the downfall of the live events and trade shows industry includes stern government restrictions for the travel and tourism coupled with the practice of social distancing, regarding the rapidly spreading COVID-19 across the globe. It is expected that the restrictions on large gatherings will be in place for some more time, which will result in lower attendance at events. Moreover, the amusement & theme parks is another industry vertical significantly affected by the COVID-19 pandemic. Theme parks across the globe have been closed to prevent COVID-19 pandemic.

Moreover, the major China-based entertainment companies such as Alibaba Pictures Group, China Film Group Corp., Fantawild Holdings Inc., iQIYI, Huanxi Media Group Ltd., Shanghai Disneyland Park, and Fantawild Holdings Inc., are facing the significant impact of the COVID-19 outbreak that further affect the entertainment industry in the country. Amid the COVID-19 pandemic, the Chinese film industry has been suffered terribly. Studios are also moving towards the online video streaming of their movies. For instance, Huanxi Media which is one of the major studios has opted to show its latest title “Lost in Russia," for free online. Similarly, Enter the Fat Dragon, a Chinese comedy show that was expected to do well at the box office, during the Chinese Lunar New Year and Valentine’s Day, went to the online streaming platforms instead.

Research Methodology

OMR global recently published a report addressing the impact of COVID-19 on the China entertainment industry. The study is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of the country is provided by analyzing various regional players, laws and policies, consumer behavior, and macro-economic factors. The report includes an analysis of different regions and countries and the effect of COVID-19 on the entertainment industry of each respective region. Besides, an expected recovery timeline of the industry will also be included with the best- and worst-case scenario which will aid clients to take their future steps in the decision-making process.

Sources Include

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog
• Government Organizations Reports

The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

The Report Covers

• Comprehensive research methodology of China entertainment Industry.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting China entertainment Industry.
• Insights about market determinants which are stimulating China entertainment Industry.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.