Paramount pictures on Wednesday announced that "Transformers: Dark Side of the Moon" has passed $1 billion in global box office revenue, which made it the third film to reach the benchmark in 2011.

The latest installment of the "Transformers" franchise had racked up receipts of $338 million in US through Monday and $663 million internationally through Tuesday, said Paramount in a statement.

"Transformers: Dark Side of the Moon" grossing over a billion dollar is the first movie in the studio's history to reach that revenue.

"We are grateful for the extraordinary work of Michael Bay and his film-making team, executive producer Steven Spielberg and everyone at Paramount around the globe who played a part in helping make this latest 'Transformers' one of the 10 highest grossing films worldwide of all time," Brad Grey, chairman and CEO of Paramount Pictures, said according to a foxnews report.

The two other movies to have grossed over $1 billion this year are "Pirates of the Caribbean: On Stranger Tides" and "Harry Potter and the Deathly Hallows: Part 2".