China is the home of the largest movie & drama production complex and film studios in the world, the Oriental Movie Metropolis and Hengdian World Studios, and in 2010 it had the third largest film industry by number of feature films produced annually. In 2012 the country became the second-largest market in the world by box office receipts. In 2016, the gross box office in China was CN¥45.71 billion (US$6.58 billion). The country has the largest number of screens in the world since 2016 and is expected to become the largest theatrical market by 2019. China has also become a major hub of business for Hollywood studios.
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