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Stock impact report

The record-breaking run of ‘Ne Zha 2' may seem like a surprise. It shouldn't be [CNBC]

Netflix, Inc. (NFLX) 
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Company Research Source: CNBC
It then beat Pixar's “Inside Out 2” as the top-grossing animated film worldwide with a box office of more than 13 billion yuan ($1.79 billion). Chinese animated films have only started to make a splash in the last 10 years. Chinese animation blockbuster Nezha 2 was released in late January alongside several other films for the local Spring Festival holiday period. BEIJING — For someone who's lived in China since before the pandemic, the success of the animated film “Ne Zha 2” marks more of an industry milestone than a surprise. The steady drumbeat of homegrown animation had picked up in 2023, just after the end of Covid-19 restrictions, with popular releases such as “Chang An” — a re-telling of Chinese poet Li Bai's life from the perspective of his friend. It raked in about $250 million as the only animated film in China's top 10 movies for the year, according to box office data from Maoyan. The team behind “Chang An,” Light Chaser Animation, works largely out of an old whi Show less Read more
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