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Paramount hits domestic $1bn mark in record time

Paramount Pictures has crossed the $1bn at the domestic box office in record time, propelled by Transformers' record-breaking $155.4m launch last week.The studio reached the milestone after 189 days on Jul 8 and executives project 2007 will be Paramount's highest grossing year since 1998, when it reached $1.046bn. That tally is expected to be overtaken by the end of the coming weekend.Transformers ...

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