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 Mystery donor to US troops has been identified. At least two have been arrested in the Louvre heist. Why the Brightline of Florida is called the 'Death Train.' A surrogate can cost six figures. But what if the money vanishes? Report an error