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Data: PwC Global Entertainment & Media Outlook 2020–2024; Chart: Axios Visuals

Mainland China is expected to remain the second-largest global cinema market both in admissions terms and in box office revenue through 2024, per PwC.

The state of play: Prior to the pandemic, PwC estimated that China would overtake the U.S. box office this year. Mainland China already has the most movie screens of any country in the world and continues to grow despite the pandemic.

Yes, but: China brought in roughly $2 billion in ticket sales for Hollywood films last year, per PwC, but that revenue was split in favor of the Chinese, with U.S. studios receiving only a 25% share.

Go deeper: Disney's Mulan was filmed in Xinjiang amid cultural genocide

Go deeper

Dec 15, 2020 - World

ICC rejects call to investigate China over Uighur genocide claims, for now

A facility believed to be a "re-education camp," where mostly Muslim ethnic minorities are detained, in Artux in China's Xinjiang region, in 2019. Photo: Greg Baker/AFP via Getty Images

The International Criminal Court (ICC) on Monday declined to open an investigation into allegations of genocide against Uighur Muslims in China, but it left the file open.

Why it matters: This means that more evidence can be submitted on claims of genocide by Chinese authorities against Uighur Muslims and other ethnic minorities in Xinjiang, northwest China, and the ICC could still open an investigation.

Laurel Hubbard to become 1st openly trans athlete to compete at Olympics

New Zealand's Laurel Hubbard at the Gold Coast 2018 Commonwealth Games in Australia, when she became the first openly transgender athlete to represent NZ. Photo: Scott Barbour/Getty Images

The New Zealand Olympic Committee has announced that Laurel Hubbard has been selected for the women's weightlifting team for the Tokyo Games — making her the first openly transgender athlete to compete at the event.

The big picture: Hubbard, 43, is part of a five-member Kiwi weightlifting team and will compete in the women's super heavyweight category. Meanwhile, BMX rider Chelsea Wolfe will become the first openly trans athlete to travel to the Olympics with Team USA, when she arrives in Tokyo as a reserve rider.

American Airlines cuts hundreds of flights amid demand surge

Photo: Joe Raedle/Getty Images

American Airlines announced Sunday that it's cutting some 950 flights from its schedule, including 296 this weekend, to reduce potential pressure on its operations, the Wall Street Journal first reported.

Driving the news: The U.S. vaccine rollout has led to a massive increase in travel bookings. The airline noted in an emailed statement that it's facing an "incredibly quick ramp up of customer demand."