Global Box Office Grows Only One Percent in 2014

China has become the first market outside of North America to see box office revenue cross $4 billion, according to the Motion Picture Association of America's annual report. Revenue in China hit $4.8 billion in 2014, up a staggering 34 percent over 2013. Overall, global box office revenue hit $36.4 billion in 2014, up only 1 percent from 2013, the lowest uptick in recent times. The insignificant growth is partially due to a downturn in moviegoing in North America, where revenue was down 5 percent. The MPAA says Asia, and China in particular, were the major reason why worldwide revenue was up at all.