Sony is top-grossing studio both domestic, worldwide

Best year ever for SPE; Fox wins international crown

Though box office market share rarely, if ever, tells the whole story about a studio’s health, 2012 saw some serious shake-ups.

Sony topped worldwide, with $4.44 billion, and domestically ($1.768 billion); but its $2.672 billion overseas haul lost to Fox, which tallied $2.72 billion internationally. And Paramount fell from first worldwide in 2011 to dead last domestically, behind first-time top-five finisher Lionsgate.

Moving the needle for Sony, “Skyfall” became the studio’s first-ever billion-dollar film, which added to hits like “The Amazing Spider-Man,” with $752 million globally, and “Men in Black 3” ($624 million), pushed Sony to studio-best tallies domestically, internationally and worldwide.

Still, it’s been an up-and-down year for the Culver City-based studio. Rumors of Sony Pictures Entertainment being for sale started circulating late last year; while Sony Corp. topper Kazuo Hirai publicly quashed such talk, SPE has cut back on pic production, with plans to slightly reduce its development slate, as reported by Variety .

In 2012, Sony compensated for such financial disappointments as “Total Recall” and “That’s My Boy” with global hits “Skyfall” and “Spider-Man.” Even Sony’s most iffy pic profitability-wise — the $230 million-budgeted “Men in Black 3” — likely turned out to be a moneymaker.

Warner Bros. came in second Stateside, with $1.657 billion, thanks largely to “The Dark Knight Rises” and “The Hobbit: An Unexpected Journey.” So far, Warners is third internationally, projecting $2.67 billion, though last-minute B.O. totals ultimately could push the studio ahead of Sony.

Disney, which scored the year’s highest-grossing release, “The Avengers,” ranked third domestically ($1.546 billion), with $2.089 billion internationally.

As the year’s most-improved, Universal tallied $1.335 billion domestically, 30% over 2011, with $1.792 billion internationally — also a studio best. Thanks to “The Hunger Games” and “Twilight” finale, Lionsgate, for the first time, landed in fifth place domestically, with $1.2 billion.

Fox, meanwhile, struggled domestically vs. overseas, as its fourth “Ice Age” installment, “Continental Drift,” more than quadrupled domestic grosses internationally. The studio ended with $1.024 billion Stateside through Dec. 31.

Paramount suffered from a drought of product, failing to crack the $1 billion domestic mark, with $1.562 billion overseas.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Film News from Variety

Loading