Events

• "Batman" is released on June 23, and went on to become the biggest blockbuster of the year; Grossing over $250 million at the box office.
• Actress Kim Basinger and her brother Mick purchase Braselton, Georgia, for $20 million. (Basinger would lose the town to her partner in the deal, the pension fund of Chicago-based Ameritech Corp., in 1993 after being forced to file for bankruptcy when a California judge ordered her to pay $7.4 million for refusing to honor a verbal contract to star in the movie Boxing Helena.)
• September - Columbia Pictures and Tri-Star Pictures are sold to Sony
• The James Bond film Licence to Kill is released. Unknown to anyone at the time, its release would be followed by years of legal wrangling over the future of the popular film series. The next Bond film, GoldenEye, is not released until 1995.
• Screen and stage legend Laurence Olivier appeared in his last filmed role before his death in 1989 as an old soldier in War Requiem
• Indiana Jones and the Last Crusade is released on May 24, it is the 3rd installment of the Indiana Jones series.
• this is the first year where all ten top grossing films worldwide made more than $100,000,000.

Top grossing films (Worldwide)