It’s official — we have reached the era of the billion dollar Bond!

Sony announced today that Skyfall has surpassed the $1 billion mark at the global box office, becoming just the 14th film in history to reach the coveted milestone.

The 23rd entry in the James Bond series has shattered every record in the franchise’s 50-year history. Skyfall, which was produced by MGM, EON Productions, and Sony for $200 million, has earned $289.6 million in North America alone (including $4.6 million this weekend), clobbering the domestic record set by Quantum of Solace, which earned $168.4 million in 2008.

Internationally, Skyfall has been even more impressive. The film has amassed a jaw-dropping $710.6 million global haul, and it hasn’t even been released in China yet. (That’s slated for early 2013.) Not surprisingly, the film’s strongest market has been the U.K., where it has quickly become the highest-grossing film of all time and the first film to ever pass £100 million.

Remarkably, even if Skyfall‘s domestic grosses weren’t counted, its international tally would still make it the highest grossing Bond film of all time worldwide. The previous global high-point for a James Bond film was Casino Royale’s $599 million gross in 2006. Yep, Skyfall has earned over $400 million more than that — I recently laid out a few reasons why the Bond franchise is hitting its stride right now — and it’s run isn’t over.

So, are you surprised Skyfall has been so successful? Why do you think this edition performed so much better than all of its companions?

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