On record pace, Par hits $1 bil mark overseas

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Paramount Pictures International has passed the $1 billion mark at the foreign boxoffice in 2008, six weeks faster than it did in setting a record last year.

The studio-owned overseas releasing arm, in its second full year of operation, passed the benchmark Saturday.

The record success has been built on a host of boxoffice hits, including "Iron Man," "Kung Fu Panda" and the return of Steven Spielberg and Lucasfilm's adventurer Indiana Jones.

"Indiana Jones and the Kingdom of the Crystal Skull," the fourth film in the series, has grossed more than $350 million from international markets, with Japan set to launch Saturday.

In 2007, PPI grossed $1.6 billion for the year.

PPI president Andrew Cripps attributed the benchmark to "the continued growth of the international marketplace, the fantastic films that we have for international distribution and the first-class team we have working for PPI around the world."
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