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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.

AT&T spins off U.S. video business via deal with TPG

Photo: AaronP/Bauer-Griffin/GC Images

AT&T is spinning off three of its video services, including its satellite TV brand DirecTV, to create a new standalone video company called New DIRECTV.

Details: The company will be jointly owned by AT&T and private-equity giant TPG. AT&T will retain a 70% stake and TPG will own 30% of the firm.

Updated 41 mins ago - Sports

Ex-USA Gymnastics coach dies by suicide after being charged with human trafficking

John Geddert. Photo: AFP via Getty Images

The body of John Geddert was found on Thursday, just hours after the former USA Gymnastics coach was charged with 24 counts of criminal misconduct, according to Michigan Attorney General Dana Nessel.

What they're saying: “My office has been notified that the body of John Geddert was found late this afternoon after taking his own life. This is a tragic end to a tragic story for everyone involved," Nessel said in a statement.