Entertainment | box office Summer Movies Smash Record Blockbusters boost studios to record-breaking sales By Rob Quinn Posted Aug 28, 2008 9:00 AM CDT Copied In this image released by Paramount Pictures, Jessica Alba, left, Mike Myers, center, and Manu Narayan star in the comedy "The Love Guru," one of the summer's box-office duds. (AP Photo/Paramount Pictures, George Kraychyk) Hollywood studios are reeling in their highest-grossing summer ever, the Los Angeles Times reports. Domestic ticket sales stand at $3.9 billion, up from last year's record-breaking summer. A steady stream of smash hits—and higher ticket prices—accounted for the record take, more than making up for costly flops like Speed Racer. Paramount racked up the most among the studios, with Iron Man, Kung Fu Panda, and Indiana Jones and the Kingdom of the Crystal Skull each raking in more than $200 million. Warner Brothers only made second place, despite The Dark Knight becoming the second-highest grossing film in history. Read These Next Musk says his new party is in business. See the best BBQ cities in the US. A space capsule carrying ashes of 160 people crashed in the ocean. A Texas man's disappearance is fodder for true-crime mania. Report an error