According to real-time data from network platforms, the total box office for summer movies in 2024 has exceeded 4.5 billion yuan.

The movie 'Claw Machine' will officially be released on July 16th. The film began its preview on July 13th and earned box office revenue of 0.156 billion on its first day. As of 9am on the 16th, its preview and pre-sale total box office has exceeded 0.5 billion.

Open source securities research reports pointed out that high-quality films promoted the growth rate of large-cap box office, the summer movie market has gradually improved, and Wensheng's video model and applications have been advancing. Suggestions: pay attention to the main investors, film distributors, and ticketing platforms with channel advantages for key summer movies.

HTSC research reports pointed out that the movie theater sector has been continuously adjusting since the second quarter, mainly due to the national box office performance falling short of expectations.

The main reason for the year-on-year decline in box office in the second quarter was due to a lower supply of headlining movie projects. In 2023, a backlog of projects during the pandemic will be released, but the production cycle of movie projects is long, and the shortage of high-quality content supply will continue to improve as the projects are produced.

After adjustment, the movie theater sector has basically reflected pessimistic expectations. Currently, 'Claw Doll' is showing, and many headlining movie projects will continue to be released, which is expected to drive the industry's marginal improvement and bring investment opportunities.

The companies related to China's film and television industry chain include:

Maoyan Entertainment (01896), China Ruyi (00136), Ali Pictures (01060), China Literature (00772), IMAX China (01970), Huanxi Media (01003), etc.