Paramount Crosses $1Bil For 2008 – Becoming More Reliant On Franchises
Today Paramount Pictures announced they crossed the $1 Billion mark in domestic sales (after crossing $1Bil in int’l sales last week). Currently the #1 ranked studio (as they were in 2007), this is a turnaround for Paramount which rarely broke into the top 5 in recent years. However, changes are in store and it appears the studio is becoming more reliant on franchises (like Star Trek).