China’s film market enjoyed a record-breaking Lunar New Year, amassing $1.31 billion in total box office revenue over the seven-day holiday period.

China's film market achieved a record high of 9.5 billion yuan ($1.3 billion) in takings over the Lunar New Year period, 18.8% higher than the same period last year, as movie-goers flocked to cinemas to watch movies such as "Nezha 2".

The film tech company rode the China Lunar New Year ticket sales hitting its own record high of $1.3 billion on the strength of local releases like 'Ne Zha 2.'

The Chinese box office experienced a massive boost over the Lunar New Year holiday, with five major releases propelling earnings to $1.2 billion.

There are more box office records for Imax coming out of the just-concluded Chinese New Year holiday with the company notching its biggest ever haul for the annual period. Grossing $53M, Imax exceeded its previous record of $34M,