Movies

Warner Bros. is the highest earning Hollywood studio of 2013

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MUMBAI: In a record-breaking year, Warner Bros. Pictures emerged as the top-grossing studio for 2013, ranking number one in domestic, international and worldwide market shares. Reportedly, the Studio was at the number one spot in global market share in 2013 with $5.04 billion in global ticket sales, followed by Disney and Universal.

Warner Bros.'s domestic revenue was $1.9 billion, while its overseas haul was $3.14 billion for a total $5.04 billion, up from $4.25 in 2012. While Disney’s domestic revenue reached at $1.72 billion, up 11 percent over 2012 and international revenue was at $3.01 billion; Universal’s revenue clocked at $1.9 billion domestic and $3.14 billion internationally.

Warner Bros. president of Domestic Distribution Dan Fellman; president of International Distribution Veronika Kwan Vandenberg; president of Worldwide Marketing and International Distribution, Pictures and Sue Kroll made the announcement recently.

Fellman said in a release, “We are extremely proud of all the remarkable benchmarks reached in 2013.  These terrific numbers speak to the diversity of our slate, which has enabled us to deliver great entertainment to a broad range of audiences throughout the year.”

Warner Bros. in the year produced a varied variety of films reaching out to audiences all over the world. Two current hits, still in theatres, are among the Studio’s highest-grossing films for the year: The Hobbit: The Desolation of Smaug in partnership with New Line Cinema and Metro-Goldwyn-Mayer Pictures (MGM), at $659 million worldwide and counting; and Gravity at $663 million to date.

The Summer blockbuster Man of Steel from Warner Bros. Pictures and Legendary Pictures, was the Studio’s top-grossing release for the year at $668 million globally. The other movies that were the highlight at Box Office include Warner Bros. Pictures and Legendary Pictures Pacific Rim with $411 million; The Hangover Part III also in partnership with Legendary, at $362 million; The Great Gatsby in partnership with Village Roadshow Pictures, at $351 million; New Line Cinema’s The Conjuring with $318 million; and We’re the Millers also from New Line, at $270 million.

Interestingly, for a Hollywood studio, it is just the second time to have achieved such a business. Earlier, in 2001 Paramount had made the same mark.

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