Paramount Profits Soar

By T'Bonz
June 23, 2008 - 10:41 PM

Paramount is the first studio this year to cross the billion dollar milestone in domestic gross shares.

As reported by, Paramount, which crossed the billion dollar mark in international box office sales last weekend, did the same for domestic gross sales this week.

Helped along by films such as J.J. Abrams' Cloverfield, which earned eighty million dollars, Iron Man, and Indiana Jones and the Kingdom of the Crystal Skull, Paramount beat last year's billion dollar record by nearly three weeks.

"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."

This is the second year in a row that Paramount has led the pack. In addition, they have had five consecutive weeks of holding the number one spot in domestic market share and as of this weekend, will have had the top three grossing films of 2008 at mid-year.

To read more, head to the article located here.

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