Hollywood closes off record

Major Hollywood studios defied the global economic meltdown to rake in record overseas profits in 2008 at about 9.9 billion dollars, a four-per cent increase from 9.5 billion in 2007, according to media reports published Friday.

Citing preliminary distributor estimates, the Hollywood Reporter said the six major Hollywood studios - 20th Century Fox, Disney, Paramount, Sony, Universal and Warner Brothers - each exceeded one billion dollars in revenue for their overseas operations in 2008 for the second consecutive year.

Steven Spielberg's 'Indiana Jones and the Kingdom of the Crystal Skull' (Paramount Pictures International) topped foreign revenue with 469.5 million dollars abroad, compared to 317 million dollars for US distribution. Batman movie 'The Dark Knight' bagged 465 million dollars overseas for Warner Brothers International.


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