According to figures released at the 10th China International Cartoon and Game Expo in Shanghai. For the past three years, the industry has expanded by about $1.6 billion yuan per year; whereas China’s animation industry generated $14 billion (87 billion yuan) in revenue last year at a CAGR of 22.8 per cent.
Last year, 29 domestic animation films were screened in China. The total box office for China’s domestic animated films hit $104 million in 2013, a 48 per cent upward movement. The animation sector is currently undergoing a revival, with domestic animated features scoring high in the box office and a slate of high-quality projects.
Earlier this year, animation outfit Mili Pictures Worldwide launched the $22 million fantasy-adventure Dragon Nest: Warrior’s Dawn and opened a Los Angeles office, headed up by veteran producer Bill Borden (Mission Impossible 3, High School Musical). At the Cannes film festival, the State Administration of Press, Publication, Radio, Film and Television had a designated China animation booth at the market.
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