‘Transformers 2’ Becomes Biggest-ever China Hit

From AP:

The “Transformers” sequel has become China’s biggest box office hit ever by earning 400 million Chinese yuan ($59 million), a publicist for the country’s leading state-run company said Friday.

Transformers: Revenge of the Fallen” surpassed the 11-year-old record of 360 million yuan set by “Titanic,” spokesman Weng Li at the China Film Group, one of the country’s two film importers, told The Associated Press. “Titanic” made about $43 million based on exchange rates in 1998, the year it was released.

Weng said the “Transformers” sequel, released June 24, received a wide release on several thousand screens. China had about 4,100 screens by the end of 2008. The first “Transformers” installment raked in 280 million yuan in 2007.

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