UNIVERSAL CITY, CA, January 1, 2009 – Universal Pictures
recorded its biggest year ever for the second year in a row with global theatrical grosses totaling $2.834 billion for 2008. Universal’s domestic box-office tally of $1.12 billion outpaced the record it previously set in 2007, which was $1.099 billion. Internationally, Universal shattered last year’s box-office mark of $1.034 billion, with a 2008 total of $1.714 billion, for an incredible year-over-year improvement of 66 percent. Celebrating the studio breaking its own records for the second year in a row, the announcement was made today by Marc Shmuger and David Linde, Chairman and Co-Chairman, respectively, of Universal Pictures. All numbers are estimates, and final figures will be available on Monday, January 5, 2009.
“If 2007 was a turnaround year for Universal, 2008 proved our studio’s ability to consistently deliver the highest quality commercial hits,” stated Shmuger and Linde. “To have two successive years of record-breaking success is an incredible achievement, and we thank our teams from around the world that produced, marketed and distributed a slate of films that, again, set a new standard for our studio. This year, we created new franchises, extended others, released the most successful movie musical in history and continued our tradition of turning modestly budgeted comedies into solid hits. Our strength of success comes from this diversity. We worked with some of the most interesting and inspiring filmmakers and talent working anywhere and released some of the years most critically acclaimed and rewarded films. We are proud to close out another year with historic success.”
Details of Success
The studio released four films this year that grossed more than $100 million domestically: The Incredible Hulk, Wanted, Mamma Mia! and The Mummy: Tomb of the Dragon Emperor. In addition, the studio released three comedies — Forgetting Sarah Marshall, Baby Mama and Role Models — which turned into solidly profitable hits by grossing more than $60 million apiece, while being produced with modest budgets.
At the international box office, Universal Pictures International (UPI), in its second year of operation as a wholly owned distribution entity, tallied $1.714 billion, beating its former 1999 record (when it was part of joint venture UIP) of $1.16 billion by nearly 50 percent. UPI reached the $1 billion threshold on August 13, earlier than ever before in Universal’s history. The record-breaking $428.5 million foreign success of Mamma Mia! led the juggernaut, and UPI also had two other films gross more than $200 million with The Mummy: Tomb of the Dragon Emperor and Wanted, and one more to break $100 million with The Incredible Hulk.
Mamma Mia! was the studio’s biggest earner of the year, both domestically ($144 million) and internationally ($428.5 million). Opening on July 18, it set the record for biggest domestic opening ever for a musical and reached $100 million faster than any other tuner in history. But the success story of the year is how Mamma Mia! turned into an unprecedented global phenomenon. The film is now the biggest film ever in the history of the United Kingdom, a record held previously by Titanic. Since its release in early July, Mamma Mia! has broken records of the biggest opening of a musical in history in territory after territory and is now the highest grossing film of 2008 in the U.K., Austria, Greece, Hungary, Norway and Sweden.
The Mummy: Tomb of the Dragon Emperor is the highest-grossing entry of Universal’s three-film Mummy franchise at the international box office. With $294.3 million, it easily bests the previous foreign $260.5 million record of 1999’s The Mummy. The film opened at No. 1 in 38 territories and was Universal’s biggest opening ever in Russia, Spain, Ukraine, Korea, Latin America and Thailand, among others. Stateside, the film was released on August 1, opening to $40 million on its way to $102 million.
An all-new action franchise was born with Wanted, released on June 17 to a $51 million domestic first weekend and ultimate domestic take of $144 million. The film delivered the biggest opening ever for its star Angelina Jolie and the biggest R-rated opening ever for the month of June. Universal took a cult graphic novel and paired it with Timur Bekmambetov, a Russian director and inventive visual stylist who made an unforgettable English-language debut with Wanted, and placed James McAvoy at the center of this action-adventure. Wanted also was an international hit, totaling $209.5 million in foreign grosses.
Universal released Marvel Entertainment’s The Incredible Hulk on June 13 to a rousing $55 million opening domestic weekend, and the film went on to gross more than $135 million in North America. Having released a previous film based on the Marvel Super Hero just five years before, Universal reintroduced the character and, by emphasizing the action and heroism of this franchise, outperformed that 2003 release and invigorated the franchise with the potential for future installments. The Incredible Hulk crossed the $100 million mark at the international box office as well.
Also of note was the breakout success of The Strangers, one of the first Rogue Pictures films to be marketed and distributed by Universal Pictures. Released on May 30, this small horror film starring Liv Tyler and Scott Speedman became one of the surprise hits of the summer, accumulating more than $52 million in its North American release.
On the comedy front, Universal continued its prosperous and long-time relationship with Judd Apatow with Forgetting Sarah Marshall, produced by Apatow and Shauna Robertson, directed by Nicholas Stoller and led by a cast that turned into some of the year’s biggest breakout stars. Forgetting Sarah Marshall was released on April 18 and went on to gross $63 million domestically. Baby Mama followed the next week, pairing two of the year’s most formidable comedy talents and pop-culture stories, Tina Fey and Amy Poehler. Baby Mama was released on April 25 and went on to make $60 million domestically. Later in the fall, Universal released Stuber Films’ Role Models, starring Paul Rudd and Seann William Scott under the direction of David Wain, and turned in a fall comedy sleeper hit that has made more than $66 million to date.
In addition to these commercial successes, Universal also released some of the year’s most critically acclaimed motion pictures. Guillermo del Toro dazzled audiences and critics alike with the detail and depth of his imagination in Hellboy II: The Golden Army. And Clint Eastwood debuted his drama Changeling at the Cannes Film Festival to rave responses. The film was included among the best of the year by the Critics’ Choice Awards and the National Board of Review, and Angelina Jolie earned nominations for Best Actress from the Golden Globe Awards, the SAG Awards and the Critics’ Choice Awards.
Imagine Entertainment and Working Title Films’ Frost/Nixon is among the most heralded films of the year. Directed by Ron Howard and written by Peter Morgan—who adapted his own award-winning play—Frost/Nixon is one of only two films to be recognized as one of the best of the year by the four leading awards groups: the Golden Globe Awards, the Critics’ Choice Awards, the National Board of Review and the American Film Institute. Included on many critics’ year-end Top 10 lists, including those from Rolling Stone’s Peter Travers, the Los Angeles Times’ Kenneth Turan, The Associated Press and many others, Frost/Nixon also earned five Golden Globe Award nominations: Best Picture (Drama), Best Director, Best Actor, Best Screenplay and Best Score.
Focus Features retained its position as one of the industry’s most consistently successful specialized film companies, both in terms of quality and commercial success. Focus began 2008 with the noteworthy achievement of having Working Title’s Atonement honored with seven Academy Award® nominations, including Best Picture.
In September, Focus enjoyed the biggest opening in its history with the $19.2 million opening weekend domestic take of Working Title’s Burn After Reading, written and directed by Joel and Ethan Coen, which went on to gross more than $60 million domestically (making it the highest grossing film from a specialty company this year). Burn After Reading also earned a Golden Globe Award nomination for Best Picture (Comedy or Musical), a Critics’ Choice Award nomination for Best Comedy and inclusion among the National Board of Review’s Best Films of the Year.
Milk has become one of the most honored and acclaimed films of 2008. Directed by Gus Van Sant from an original screenplay by Dustin Lance Black, Milk has earned accolades including being named Best Picture of the Year by the esteemed New York Film Critics Circle. Already a winner of Best Actor honors from nearly a dozen critics’ groups, star Sean Penn has been nominated for a Golden Globe Award, a SAG Award and a Critics’ Choice Award, and the film’s entire ensemble was nominated as one of the best of the year by SAG.
Last but not least, writer/director Martin McDonagh’s In Bruges, which world premiered as the opening-night film of the Sundance Film Festival, also has been cited by many critics as being among the best and most original films of the year and earned a Best Picture and two Best Actor (Comedy or Musical) nominations from the Golden Globes.
recorded its biggest year ever for the second year in a row with global theatrical grosses totaling $2.834 billion for 2008. Universal’s domestic box-office tally of $1.12 billion outpaced the record it previously set in 2007, which was $1.099 billion. Internationally, Universal shattered last year’s box-office mark of $1.034 billion, with a 2008 total of $1.714 billion, for an incredible year-over-year improvement of 66 percent. Celebrating the studio breaking its own records for the second year in a row, the announcement was made today by Marc Shmuger and David Linde, Chairman and Co-Chairman, respectively, of Universal Pictures. All numbers are estimates, and final figures will be available on Monday, January 5, 2009.





And they can’t afford to give SAG actors fair wages and residuals? Hilarious.
And the congloms are crying poverty?
Check the earnings records of Disney/ABC in 07 and 08 also.
Unite for strength fools are letting the AMPTP manipulate union members into thinking that we cannot get a decent contract because of the economy, with these record profits being made? Where are Barney Frank and Nancy Pellosi when you need them?
Uninformed hypocrites and A listers are killing us.
And thank you, Relativity Media, for footing some of the costs of these films, namely Frost/Nixon, Wanted, Mamma Mia, Mummy 3, Burn After Reading, Atonement, Hellboy II, Baby Mama, Role Models…..etc etc.
I didn’t quite catch them mentioned in the press release.
RnsW
Say what you will about the people in charge, but Uiversal’s mix of mid-level comedies and high-concept tentpoles is a formula that continues to work.
I guess this explains sweeping layoffs…
this will make my friend that lost his job feel much better about it. enjoy the caviar and champagne ronnie and jeff!
This news reminds us that the SAG NY Board are total amateurs when it comes to negotiating labor agreements. The studios have plenty of money to pay new media residuals and cough up our long overdue force majeure payments, fools. Send out the strike referendum ballot and hope the members give the union some leverage so we can negotiate a fair agreement and keep working.
“I want my cut!” said the out of work actor.
Let’s see the “no-strike” morons spin this. Why now should blue-collar actors give up their residuals to this mega-giant? Tom Hanks’ wife produced Mamma Mia, and he’s shilling for broke middle-class actors to give up half their income? Karma won’t forgive this behavior.
There are TWO columns used in accounting. One would be Box Office or receivables and the other would be Expenses, i.e. other movies that tanked, development deals that didn’t develop, etc… the list goes on.
There is no mention of profit here just gross receipts on some projects.
we this enough cover for losses at NBC???
“global theatrical grosses totaling $2.834 billion for 2008″ – Keep in mind that it could be just another bubble. Anybody think 2009 will be better?
The level of ignorance regarding basic economics here is staggering. The article lists The Incredible Hulk as one of the studio’s films making over $100M, but fails to mention that the cost and marketing was closer to $200M – in other words, it lost money.
Gross revenue is a meaningless figure because it doesn’t take into account costs.
This is no different than studios claiming things are good because ticket revenues are up every year, but failing to mention that the actual number of tickets sold is down and less profit per picture is being made.
This is why I work in independent film. I don’t have as big an audience but I make more money.
How much does Relativity Media, Spyglass, Legendary, etc. make? I know Lucasfilm, Dreamworks, and Marvel Studios get 92% because they pay all the costs.
The words “Wanted” and “franchise” together in the same sentence make me throw up in my mouth a little.
The press release forget to mention that over at Universal’s NBC they also developed that sitcom this year that will make its way to syndication and DVDs and bring in between three hundred million in profit for the studio over the next decade.
Oh wait, they don’t do that anymore. They just give us crap reality shows that bring in short-term profits and don’t repeat well or do well on DVD.
Michelle, will you have my baby?
That’s the most logical point I’ve seen made in a long, long time.
AMPTP: Play with fire, and you might get burned.
I’d like to see Universal’s bottom line after paying so much too get these made, including what went for Angelina’s bottom and the bottomas of various ugly midlevel male TV actors. After reading these letters, I support an actors’ strike. This studio blow is only meant to buffalo the average union member.