Wednesday, January 4, 2012

Paramount Crowned "Most Successful Studio"

Paramount Pictures has been crowned the "World's Most Successful Studio" in 2011, beating out Waners Bros who presented the final Harry Potter movie this year. Paramount's movies made a total of $5.17 billion in 2011 while Waner Bros made $4.67 billion.

From TFW2005:
"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," said Paramount Pictures chairman and CEO Brad Grey. "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 moviegoers in this changing entertainment environment." The studio will release Brad Pitt zombie flick World War Z, Sacha Baron Cohen's latest The Dictator, toy franchise sequel G. I. Joe: Retaliation and a fourth Paranormal Activity film in 2012.Meanwhile in Hong Kong, Transformers: Dark of the Moon was crowned box office king of 2011 in Hong Kong, but more surprising was the record-breaking success of You Are the Apple of My Eye, the little Taiwan romcom that could, which took over the title of the highest grossing Chinese-language film ever in the territory.

The third installment of the Michael Bay toy-inspired franchise accumulated HK$84.7 million ($10.9 million) in a three-month run during the summer of 2011, almost doubling the HK$48 million gross of its 2009 predecessor, Revenge of the Fallen, according to the Hong Kong Motion Pictures Industry Association. The last chapter of the Harry Potter saga, Harry Potter and the Deathly Hallows: Part 2, took HK$76.8 million for second place.

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