financetom
Business
financetom
/
Business
/
Marvel's 'Thunderbolts*' to test Chinese appetite for Hollywood as trade war rages
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Marvel's 'Thunderbolts*' to test Chinese appetite for Hollywood as trade war rages
May 25, 2025 9:30 PM

SHANGHAI (Reuters) -New Disney movie Thunderbolts* is poised to test Chinese appetite for Hollywood blockbusters as it opens in cinemas around China on Wednesday, making it the first American film to hit movie theatres in the country since a new trade war began. 

The film, a part of the sprawling Marvel franchise, was approved for release in China before Washington and Beijing slapped tit-for-tat tariffs on each other. 

That meant the movie, which sees an unconventional band of antiheroes brought together to combat a supervillain, escaped a decision by China to curb Hollywood imports earlier this month as part of its retaliation against the United States.     

In 2024, a total of 42 American films were released in China, but Chinese audiences have been gravitating away from Hollywood for some time.

Releases so far in 2025 have included Snow White, which made 9 million yuan ($1.24 million) at the Chinese box office and Captain America: Brave New World which pulled in 104 million yuan. 

In comparison, 2025 box office leader Ne Zha 2 has grossed more than 7 billion yuan in its home market.

"It's hard to remember the last American film I watched..." said Beijing resident Pan Lei, a frequent cinema-goer. "I think it should be Dune, which was four years ago."

Pan, 49, said that American films like the Marvel movie franchise have been standard fare for nearly 20 years, and any novelty of their production and visual effects has largely worn off.

"I miss the days when we could watch wonderful Hollywood films like Titanic, Speed, True Lies and Iron Man in cinemas," he said, adding: "I think the younger generation doesn't share the same idea of Hollywood as my generation."

While Chinese moviegoers around Pan's age were once accustomed to Hollywood films dominating China's box office, the rapid development of a homegrown industry has seen domestic films with local stars and specifically Chinese stories rise to supplant them over the past decade. 

Since 2015, Chinese films have ranked number one at the local box office each year, while the number of foreign films at the top of the box office takings have become rarer.

Even without a new trade war and a rise in geopolitical tensions between the United States and China, it's doubtful Hollywood films will ever be able to regain their once-dominant position in the Chinese market, analysts say. 

"China will continue to dominate its home market," said Stanley Rosen, professor of political science at the University of Southern California. "China has learned a lot from Hollywood - for example, from their earlier collaboration with DreamWorks in Shanghai - and simply does not need the Hollywood blockbusters anymore."

"Only two Hollywood films made over $100 million in China last year, and I don't expect any will do so this year," he added.  

($1 = 7.2645 Chinese yuan renminbi)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Toyota Motor to Participate in Toyota Industries Proposed Privatization Deal
Toyota Motor to Participate in Toyota Industries Proposed Privatization Deal
Jun 3, 2025
05:13 AM EDT, 06/03/2025 (MT Newswires) -- Toyota Motor ( TM ) , Aisin, Denso, Toyota Fudosan and Toyota Tsusho will participate in various transactions aimed at a tender offer for Toyota Industries shares to privatize Toyota Industries, Toyota ( TM ) said Tuesday. A new holding company will be set up in connection with the move, with Toyota Fudosan...
The Blockchain Group Buys Nearly $70M Worth of Bitcoin, Boosting Total Holdings to 1,471 BTC
The Blockchain Group Buys Nearly $70M Worth of Bitcoin, Boosting Total Holdings to 1,471 BTC
Jun 3, 2025
The Blockchain Group (ALTBG), listed on Euronext Growth Paris and known as Europe’s first bitcoin BTC treasury company, has bought 624 BTC for approximately 60.2 million euros ($68.8 million). This move follows two major financing operations: a reserved capital increase and a convertible bond issuance. On May 20, 2025, the Group raised 6.8 million euros through a private placement, enabling...
Expro Deploys iTONG System in Ivory Coast Project
Expro Deploys iTONG System in Ivory Coast Project
Jun 3, 2025
04:58 AM EDT, 06/03/2025 (MT Newswires) -- Expro ( XPRO ) said Tuesday it has deployed its autonomous iTONG system for a major offshore operator off the Ivory Coast. Financial terms were not disclosed. The use of the system is part of a project at the Baleine field, the largest in Ivory Coast, for client Eni (E), the company. The...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved