Paramount Pictures, which celebrates its centenary this year, has announced that it ended 2011 in the top position among all studios, earning a record $5.17 billion worldwide. The studio, which released a total of 16 new releases domestically this year, placed first in the North American market share with $1.96 billion, while also amassing record grosses at the international box office with $3.21 billion. “As we prepare to celebrate Paramount’s 100th year in 2012, we are all grateful to be part of this wonderful institution as it continues to prosper,” said Paramount Pictures Chairman & CEO Brad Grey.
“This achievement reflects the combined efforts of our entire team across the globe and the careful process by which we select the projects and partners we believe in. We produce pictures that aspire to entertain audiences around the world, while at the same time we have sought to find innovative ways to reach movie-goers in this changing entertainment environment.
“This year our studio reached some key milestones, including the release of three vibrant Paramount franchise pictures and our first original CGI animated film. Film President Adam Goodman and his team in production and development, and Vice Chairman Rob Moore and his team in marketing and distribution, did outstanding work and truly delivered.”
The studio had its first ever $1 billion worldwide grossing film with Transformers: Dark of the Moon, and other releases included True Grit, Rango, Kung Fu Panda 2, Captain America: The First Avenger, Footloose, Puss In Boots, Like Crazy, Hugo, and Mission: Impossible -- Ghost Protocol.
