Picturesofmoney.orgThe Hollywood studios’ international trade organization has confirmed its members’ suspicions that China’s movie exhibitors have been bilking them out of millions of dollars in box office revenue. Box office data shows their films grossed at least $1.87 billion last year in China. My interviewees included a theater owner/operator, a distributor, several entertainment attorneys and, most significantly, two box office reporting software company executives. Because box office skimming is a crime punishable by severe penalties, these individuals spoke with me with the understanding that they would remain anonymous. The parties closest to the data, the box office reporting software company executives, claimed to have deep knowledge of cinema sales and operations.

Source: Forbes October 03, 2017 17:35 UTC