UNIVERSAL PICTURES REPORTS RECORD YEAR

Universal Pictures said Wednesday that it earned more in 2007 than in any year in its 100-year history. The company said that its theatrical releases grossed $2.133 billion worldwide and $1.099 billion domestically. In a statement, Universal Chairman Marc Shmuger and Co-chairman David Linde called 2007 a "turnaround year" for the studio. "What's especially fulfilling is this record didn't result from one or two home runs that saved the bottom line, but from a diversity of successes." The company also observed that Universal's home video division had an exceptional year, grossing $2.7 billion in the U.S. alone.

03/01/2008