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China Box Office Faces Sharp Decline as Pegasus 3 Leads Soft Lunar New Year Slate

Despite a massive $369.3 million opening for the racing sequel Pegasus 3, China’s overall Lunar New Year box office revenue has plummeted 38 percent compared to last year's record-setting figures. The absence of a runaway global phenomenon like 2025’s Ne Zha 2 has left the world’s second-largest film market grappling with a significant year-to-date deficit.

Vikram PatelVikram Patel
February 24, 2026750 views
China Box Office Faces Sharp Decline as Pegasus 3 Leads Soft Lunar New Year Slate
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