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Paramount Pictures Breaks $1 Billion in Record Time

Posted: June 23rd, 2008 by WorstPreviews.com Staff
Paramount Pictures Breaks $1 Billion in Record TimeSubmit Comment
Coming off reaching the billion-dollar mark in international box office sales last weekend, Paramount Pictures Corporation has now also crossed the billion-dollar milestone on its domestic gross sales, making it the first studio to accomplish this feat this calendar year and besting last year's billion-dollar record by nearly three weeks. [via ComingSoon]

This marks back-to-back years of firsts for Paramount Pictures and five consecutive weeks of holding the Number One spot in domestic market share. The studio also set a new first as of this weekend -- having the Top Three grossing films of 2008 at mid-year.

The half-year got off to a strong start with JJ Abrams' thriller "Cloverfield" earning $80 million. Paramount was further buoyed by the blockbuster successes of Marvel Entertainment's "Iron Man" ($305 million), Lucasfilms' and Steven Spielberg's "Indiana Jones and the Kingdom of the Crystal Skull" ($291 million) and DreamWorks Animation's "Kung Fu Panda" ($156 million).

"It has been a wonderful year so far," said Paramount Chairman Brad Grey. "As we look towards the rest of 2008, and into 2009 -- when we will have 'Transformers II,' J.J. Abrams' 'Star Trek,' 'G.I. Joe' and 'Nowhereland' starring Eddie Murphy, among others -- we are as excited about the future as we are by reaching this milestone."

Source: ComingSoon, Paramount Pictures


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