The growth rate of the domestic film market slows down. Wanda Film's half-year revenue still increases by 16%

with the influx of a large amount of capital into the film industry, the competition in the domestic film market is also fierce, especially since the beginning of this year, the cinema market has accelerated the industry reshuffle, M & An events emerge one after another, and Wanda Film is also facing huge competition in the industry.

the slowdown in the box office growth of the domestic film market this year has not affected the revenue performance of Wanda Film Co., Ltd. (hereinafter referred to as "Wanda Film"). The company still maintains its competitiveness in the cinema market. Wanda Film achieved 6.654 billion yuan in revenue from January to June 2017, up 16 percent from a year earlier, according to its semi-annual operating report released on July 3. Since the beginning of this year, Wanda Film has continued to consolidate its business and gradually expand the market scale. As of June 30, Wanda Film had opened 455 cinemas with 4000 screens.

at present, Wanda Film has formed a diversified business segment, such as film screening, film advertising media, film integrated marketing, film derivatives sales, online live broadcast platform, and so on. The proportion of non-box office revenue has exceeded 1x3 of operating income, and the full name and securities acronym of the company have also changed from "Wanda cinema line" in the past to "Wanda Movie" today.

the growth trend of good performance has also dissipated the haze of the previous sharp fall in Wanda Film's share price. In the morning of June 22nd, the share price of Wanda Film fell 9.91%, the market value of Wanda Film lost 6.68 billion yuan in two hours of morning trading, and Wanda Film also announced a temporary suspension of trading in the afternoon. At that time, Zeng Maojun, president of Wanda Film, said publicly that the decline in the share price was caused by rumors, that the company was in good financial condition and that everything was normal in its daily operations. Wanda Investment also shows its confidence in the future development of Wanda Film by increasing its stake in Wanda Film.

it is worth noting that since the beginning of this year, Wanda Film has continued to build the film ecosystem and signed cooperation framework agreements with Boehner Pictures and other companies. On the evening of May 15, Wanda Film announced that the company had reached cooperation with Boehner Pictures on capital increase, cinema franchise, advertising cooperation and so on. After being the "cinema leader" for many years, this move is also regarded by the industry as the acceleration of Wanda Film in the integration of the film and television industry. Wang Bing, chairman of Fengshan Culture Communication Co., Ltd., also analyzed that the cooperation between Wanda Film and Bona Film is conducive to the former's layout in production, cinema, and other aspects, expand its own business scale, and enhance its competitiveness. and accumulate superior resources in the industry.

but some practitioners have also pointed out that with a large amount of capital pouring into the film industry, the competition in the domestic film market is also white-hot, especially since the beginning of this year, the cinema market has accelerated the industry reshuffle, and mergers and acquisitions have emerged one after another. Wanda Film is also facing huge competition in the industry. In addition, after Wanda Film suspended the restructuring plan of the film and television production section, including Wanda Film and Television, Qingdao Film cast and Mutual Love Interactive, there is still no further news, which means that Wanda Film has more work to be done in the future.

Edit: mary