| Abstract | The local film industry has taken a downturn in the past few years. In 1993, the market value of all local films amounted to $1.5 billion. This figure dropped by 8.57 percent in 1994, and it is believed that 1996's revenues may be 10 percent less than those of 1993. According to local film critics, the fall in boxoffice revenues is the result of the high price of movie tickets, and the decline of the overall standard of Hong Kong movies is yet another factor pushing the industry to the verge of extinction. |
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