Hollywood is happy with 2008 box office

LOS ANGELES (AP) — Hollywood loves breaking box-office records, yet studio executives aren’t griping that their 2008 lineup will fall a bit shy of the all-time high set a year earlier.

With the overall economy in the pits, movie moguls are just glad to have weathered the year with faithful audiences that continued to crowd into theaters.

“Last year was the record of all time. The economy’s tough. Things are bad out there, and I think if we can have another record-breaking year or close to it, I figure we’ll all be happy,” said Dan Fellman, head of distribution for Warner Bros., which released the year’s biggest hit with “The Dark Knight” ($531 million).

Through New Year’s Eve, 2008 domestic revenues are expected to come in just shy of 2007’s record of $9.7 billion, according to box-office tracker Media By Numbers. Factoring in inflation, the actual number of tickets sold in 2008 is running 5 percent behind last year’s, when admissions totaled 1.4 billion.

Hollywood historically survives recessions better than many businesses because movies remain relatively cheap compared with sporting events, live theater and other forms of entertainment.

While consumer belt-tightening no doubt costs studios some cash, the list of 2008 blockbusters is a sign of a healthy business delivering the goods across every genre.

With a $158.4 million debut, the Batman sequel “The Dark Knight” shattered the record for best opening weekend and has put Heath Ledger on track for a possible posthumous Academy Award as the maniacal villain the Joker.

Paramount and Marvel Studios’ “Iron Man” was the superhero runner-up with a $318.3 million haul. Old-school hero Harrison Ford cracked his whip again as Paramount’s “Indiana Jones and the Kingdom of the Crystal Skull” followed closely with $317 million.