虎嗅

Summer season finale: 12.5 billion yuan in revenue; a complete mess of scheduling, extreme cases frequent, a mix of loss of control and surprises.

原文:暑期档125亿收官:档期节奏全乱、极端案例频现、失控与惊喜并存

Summary of Key Points

This summer's box office revenue amounted to 12.498 billion yuan, continuing the growth trend seen over the past three years. However, there were many “abnormalities” throughout the season: no blockbuster films with revenues exceeding 3 billion yuan; the top films' revenues ranged from 1.5 to 2 billion yuan; the scheduling was chaotic (with extreme release dates and last-minute cancellations becoming the norm); traditional industry practices no longer worked, leading to extreme outcomes (high-budget films failing at the box office and “bad” films unexpectedly becoming successful); at the same time, new trends emerged—differentiated genres gaining momentum, a resurgence in imported films, and a more balanced audience composition. The old order is being replaced by new changes amidst this chaos.

Breakdown and Analysis

1. Chaotic Scheduling: Traditional Release Rules Completely Fail

In the past, it was common for movies to be released 1-2 months in advance. This summer, however, the schedule was completely disrupted:

  • Extreme Release Dates: Stephen Chow’s “Kung Fu Women’s Football” was announced and released just 5 days later, becoming a “savior” of the summer season, with daily box office revenues exceeding 300 million yuan on its first day (previously, it took three days to reach that figure). Films like “Annual Meeting Cannot Stop 2!” and “Eight Immortals!” were also released a week earlier to compete in the market.
  • Last-Minute Cancellations/Rescheduling: The originally anticipated “champion” film, “Penghu Sea Battle” (starring Yi Yangqianxi and Zhao Liying), was canceled due to technical issues. “Three Kingdoms: The Battle for Luoyang” faced competition from “Kung Fu Women’s Football” and “Eight Immortals!” and was withdrawn just a few days after its release. “Shining Stars” was also urgently withdrawn two days after its release.

The root of this chaos lies in the fact that film producers are unsure about their competitors and dare not set release dates in advance, resulting in a situation where there are “blockbusters” every week, but the overall rhythm is disordered, leaving audiences caught off guard.

2. Reduction in Top Films: No Blockbusters with Revenues Over 3 Billion Yuan

In previous summers, there were always blockbuster films like “Ne Zha” and “Wolf Warrior 2” that generated over 3 billion yuan in revenue. This year, such films were absent:

  • Three top films—“Kung Fu Women’s Football,” “Welcome to Long Restaurant,” and “Eight Immortals!”—accounted for nearly half of the total box office, but the highest revenue among them was only around 2 billion yuan.
  • The top four films all had revenues in the 1.5 billion yuan range, with the fifth film (“Odyssey”) falling to just 600 million yuan, indicating a clear gap in performance.

This suggests that there were no “nationwide” hits this year, and audience preferences were more diversified. Nevertheless, the overall box office still increased, thanks to lower ticket prices (an average of 35.7 yuan, the lowest in the past five years), which attracted more people to theaters.

3. Extreme Cases: Good Films Failing at the Box Office, “Bad” Films Surprising Success

Traditional industry practices no longer applied, leading to many counterintuitive outcomes:

  • High-Budget Films Failing: Feng Xiaogang’s “Catching the Spy” had a strong cast (reported to cost 250-300 million yuan) but only earned less than 120 million yuan and faced criticism regarding its quality.
  • “Bad” Films Surprising Success: “Niu Lai” had less than 0.1% of theater screenings on its first day and received a mediocre rating on Douban (classified as a “bad” film), but it managed to earn nearly 60 million yuan through audience-generated marketing.
  • The Long-Tail Effect: “A Letter to Grandma” gained momentum through word-of-mouth and finished in the top 10, despite being released several weeks after other films and initially attracting little interest.

4. Changes in the Logic of Word-Of-Mouth: Focus on Real Reviews Rather than Pre-Release Marketing

Audiences are no longer easily swayed by pre-release marketing and place more trust in genuine reviews:

  • Reviews as a Threshold: Films like “Welcome to Long Restaurant,” “Eight Immortals!”., and “Odyssey” received ratings above 8 on Douban, but “Three Kingdoms: The Battle for Luoyang,” despite the same rating, failed at the box office due to its serious theme and high entry barrier, failing to connect with the audience.
  • Shift in Marketing Strategy: Producers no longer exaggerate their promotions before release; instead, they rely on genuine reviews to attract audiences after the film is out. For example, “Eight Immortals!” resonated with audiences because of its relatable story, and it continued to do well despite being released a week earlier.
  • The Toll of Deceptive Marketing: Excessive pre-release hype often backfires; for instance, “Catching the Spy” failed at the box office despite aggressive marketing, while “Niu Lai” became successful because of audience-generated buzz (e.g., its “comically bad” reputation).

5. New Order Emerging: Differentiated Genres and Imported Films Taking the Lead, More Balanced Audience Composition

Despite the chaos, there were positive developments:

  • Differentiated Genres Performing Well: Horror films like “Obsession” and “Back Room” combined for 400 million yuan in revenue, attracting over 40% of the audience under the age of 24. Action film “Fire Obscuring the Eyes” appealed to 70% of male viewers, showing promise in niche categories.
  • Resurgence of Imported Films: Imported films accounted for 28.3% of the total box office, the highest in six years. “Spider-Man: New Days” appealed to younger audiences in lower-tier cities, and “Odyssey” balanced the gender ratio (imported films are more popular among men).
  • Expansion of Family-Friendly Films: Films like “Kung Fu Women’s Football,” “Eight Immortals!”., and even “Niu Lai” became suitable for families, reaching a wider age range.

These changes indicate that the film market is shifting from relying on blockbuster films to focusing on niche genres and genuine audience reviews, leading to a healthier audience composition and the gradual establishment of new industry norms.

Conclusion

This summer’s season can be seen as a “transition period” where traditional methods (early release dates, pre-release marketing, blockbuster films) have failed. However, new opportunities (differentiated genres, genuine word-of-mouth, imported films) have emerged, signaling an industry upgrade amidst the chaos.