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Directoractor Xu Zheng and actress Zhao Wei lead the upcoming comedy Lost in Hong Kong. Photo provided to China Daily Xu Zheng (left) and Wang Baoqiang play the main roles in Xu's 2012 directorial debut, Lost in Thailand. Photo provided to China Daily

With zealous predictions that its box office will rake in a record 3 billion yuan ($479.7 million), the producers of the upcoming comedy Lost in Hong Kong have raised eyebrows.

"We earned 3.16 billion yuan with the last installment. It's quite possible one blockbuster will bring in so much (revenue)," Wang Changtian, president of Chinese entertainment giant Enlight Media, the movie's investor and distributor, says at a media event to promote the third installment of the Lost trilogy on March 30.

Wang's confidence may come from the overwhelming commercial success of the first two Lost series: Lost on Journey (2010) and Lost in Thailand (2012).

The series has been described as a Chinese version of John Hughes's 1987 film Planes, Trains and Automobiles. It depicts the travels of two mismatched companions. Lost on Journey was a dark horse in 2010's summer season but ended up taking in nearly 50 million yuan.

When the film's lead actor Xu Zheng, an up-and-comer then and an A-lister now, made his directorial debut with 2012's Lost in Thailand, there was a whiff of revolution. The film beat Life of Pi (the film that won Ang Lee the 2013 Academy Award for best director) and multiple homegrown big-budget blockbusters.

With a record box office revenue of 1.26 billion yuan, the 50 million yuan production has been listed as one of highest-grossing movies in the history of Chinese cinema.

The question is: Can the success of such high-return productions be copied?

An analytical report released by major movie studios argues that the Lost model may work as a formula in China's fast-expanding market.

Around half of the five highest earning movies from 2012 to 2014 are comedy blockbusters. The highest return rates in the past two years were war-comedy The Chef, The Actor, The Scoundrel, with a 967 percent return on investment in 2013, and the film Where are We Going? Dad, adapted from a hit TV show of the same name, with an 898 percent return in 2014, according to a February report released by Xueqiu, a financial news website.

Box office statistics show that the top three highest-earning homegrown blockbusters are all comedies. In the past two years, Stephen Chow's Journey to the West: Conquering the Demons took the top spot, grossing 1.24 billion yuan, followed by Ning Hao's Breakup Buddies at 1.17 billion yuan, and Chow Yun-fat's The Man From Macao II at 969 million yuan.

However, insiders contacted by China Daily have mixed views on the rise of comedies.

"According to our investigations, the mainstream moviegoers are those in their 20s and 30s. They are stressed and are struggling for a better life in big cities. So most of them don't want to pay money to see something too serious," says Niu Song, ethnic film exhibition chairman with the B. Wholesale Jerseys Wholesale Jerseys Wholesale College Jerseys Cheap Jerseys China Free Shipping Cheap College Jerseys From China Cheap Jerseys China Cheap Jerseys Free Shipping Cheap Sports Jerseys Cheap Baseball Jerseys China Wholesale Jerseys China