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Sony's Record Year of the Spider

Sony's Spidey sense is definitely tingling.

Heck, just about everything at the studio is tingling because its coffers are jingling with an unprecedented amount of money, thanks in large part to a little movie called Spider-Man.

The studio announced Monday that it has shattered its own record for biggest domestic box-office gross in a single year, accumulating an astounding $1.29 billion in North American ticket sales.

The previous standard was $1.26 billion set by Sony in 1997--the year the studio released Air Force One, My Best Friend's Wedding and the original Men in Black.

"This has been a dream year for the studio," says Amy Pascal, chair of Sony's Columbia Pictures. "Years of effort went into assembling this slate, and, while we always believed our hard work would be rewarded, we never imagined we would enjoy this kind of success."

Even more amazing is that the money mark was achieved with a full four months left on the calendar. As Sony distribution chief Jeff Blake says, "This is a milestone that is usually determined on December 31, after we've counted every last dollar, not the middle of August."

The studio has tallied six number one hits this year, most recently Vin Diesel's extreme actioner XXX, which has held the top slot the past two weeks.

Much of the credit for Sony's banner year, of course, goes to the stunning popularity of Spider-Man, which spun a record $114.8 opening weekend on its way to grossing $404 million Stateside (and another $400 million overseas).

Spidey got a big assist from a couple of Men in Black. MIBII has taken in $188.5 million so far, making it Sony's second biggest hit of the year. The studio also got a nice surprise when its critically panned Adam Sandler feel-good vehicle Mr. Deeds took in an impressive $122.9 million. There's the $108.4 million tallied by Black Hawk Down, which was actually in limited release last December to qualify for the Oscars but didn't open nationwide until January. The Jodie Foster thriller Panic Room debuted at number one and grossed more than $95 million. And XXX has taken in nearly $84 million in just 10 days.

That kind of lineup can even make up for an underperformer like Stuart Little 2 and keep Sony ahead of rivals like 20th Century Fox, which has generated $800 million in ticket sales largely due to Star Wars: Episode II--Attack of the Clones.

All told, Sony has accounted for about a 20 percent stake in overall box-office marketshare this year.

"It's truly an outstanding achievement," says Paul Dergarabedian, president of box-office tracking firm Exhibitor Relations. "It's such a cyclical business. You can have an incredible year followed by a down year. But Sony is on such an upward trend it's unprecedented. Summer's technically not even over and they've already achieved full market share. This raises the bar in terms of what a studio can achieve in a single year."

The feat is all the more remarkable given Sony's underwhelming track record over the last five years.

And the studio will continue to add to its record in coming months. XXX should dominate for another week or two. The studio also has high hopes for Punch Drunk Love, directed by Paul Thomas Anderson (Boogie Nights) and starring Sandler, the Jennifer Lopez romantic comedy Maid in Manhattan (fomerly The Chambermaid) and the Eddie Murphy-Owen Wilson comedy remake of the classic TV series I Spy.

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