China's movie box office rose 30% Y/Y to hit 16.8B yuan ($2.69B) in 2012 with foreign films...

|By:, SA News Editor

China's movie box office rose 30% Y/Y to hit 16.8B yuan ($2.69B) in 2012 with foreign films accounting for 52.4% of the ticket sales. Though Hollywood movie studios are catching some extra revenue from the trend, the company to watch is IMAX (IMAX) with its large-screen format extremely popular in the nation.