China’s Lunar New Year box office hits 6-year low as releases fall flat

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China's Lunar New Year box office experienced its weakest performance since 2020, generating 5.75 billion yuan (US$831 million) during the nine-day holiday. This represents a nearly 40% drop from the record 9.51 billion yuan earned last year. The decline is attributed to the absence of major blockbuster films, despite six new releases across various genres. Cinema attendance also fell by 45.5% compared to the previous year, with a slight decrease in average ticket prices. While the Lunar New Year is typically a crucial period for China's film industry, this year's performance failed to reach even 2018 levels, marking a significant downturn.
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