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The problem stems from the decision to release Panda 3 one week ahead of the Lunar New Year, historically one of the slowest moviegoing periods on the Chinese release calendar.
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The film has been very well-received online and excellent word-of-mouth pervades the social media conversation - cultural website Douban (豆瓣) has a rating of 8.1/10 and IMDB-esque Mtime (时光网) has it at 7.7/10. But after this weekend, RMB 1 billion isn’t even a guarantee. Given the nearly four-fold growth in China’s number of screens since 2011, when Kung Fu Panda 2 grossed $92 million, local box office analysts were predicting at least RMB 2 billion ($300 million) for Panda 3’s run. Panda Po and his kung fu-kicking cohorts accounted for 75% of ticket sales from Friday to Sunday in China, boosting the three-day box office there to RMB 445 million ($67.6 million), a 45% increase over last weekend’s frosty low.īut many Chinese industry watchers are calling the weekend a flat-out disappointment considering the lofty expectations for the Oriental DreamWorks film, which was made in conjunction with its Hollywood partner, DreamWorks Animation.
Kung fu panda 1 box office movie#
and China - got off to a strong start on both sides of the globe this weekend, dominating the box office in the two largest movie markets in the world.ĭreamWorks Animation’s third entry in its successful franchise Panda-rolled to a gross of $116.7 million worldwide this weekend, according to estimates from 20th Century Fox ticket sales in China alone grossed $58.3 million, including last weekend’s strong previews, handily besting the film’s $41 million No. Kung Fu Panda 3 (功夫熊猫3) - the first ever animated feature co-produced by the U.S.