Movies

Paramount on top; rakes in $5.17 bn globally in 2011

MUMBAI: Taking the crown away from Warner Bros, that was on a winning streak for the last five years, Paramount ranked No. 1 in market share at the domestic box office in 2011 with a global total to $5.17 billion.
 
Among Paramount‘s 2011 titles, Dark of the Moon grossed $1.123 billion worldwide followed by DreamWorks Animation‘s Kung Fu Panda 2 with $665.7 million. The Paranormal Activity threequel grossed $203 million -- after only costing $5 million to make. Ghost Protocol, on the other hand that released around Christmas, has grossed $366.5 million worldwide in less than three weeks.


Overseas too, Paramount became the first studio in history to jump the $3 billion mark with its titles earning $3.21 billion. Paramount is credited for its fine-tuned marketing and distribution units, as well as for a focused development slate.
 
Compared to Paramount, Warner Bros.‘ films took in $2.86 billion overseas for a global total of $4.67 billion, the second-best showing after Paramount among the Hollywood studios.


"Over the last six years, we‘ve achieved everything we hoped we would," Paramount chairman and CEO Brad Grey has been reported as saying.
 
"We had three major franchise titles in 2011, Michael Bay‘s Dark of the Moon, Paranormal Activity 3 and the recalibration of Mission: Impossible--Ghost Protocol, with Tom Cruise doing a great job."


Paramount has also revealed its 2012 slate that will include films like Paranormal Activity 4, Brad Pitt’s World War Z, G.I. Joe: Retaliation and The Dictator.

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