AceShowbiz - Is it time for the Autubots to retire? "Transformers: The Last Knight", which has been touted as a potential tentpole this summer by Paramount Pictures, shows signs that it won't perform well in North American theaters.
The latest installment in the sci-fi film series generated $15.7 million from 4,069 theaters on its opening day, Wednesday, June 21. While the number is enough to bring the movie to the top of box office chart, it marks the lowest opening day for any film in the franchise.
For comparison, the original "Transformers" movie grossed $36.6 million when it opened on a Tuesday in 2007. "Transformers: Revenge of the Fallen" (2009) posted $62.2 million on a Wednesday. "Transformers: Dark of the Moon", also launched on a Wednesday, raked in $37.7 million, while the most recent one, "Transformers: Age of Extinction", opened on a Friday to $41.9 million.
The Wednesday number already included the Tuesday night previews at about 3,000 locations. It's estimated that "Transformers 5" will post a five-day domestic debut in the $70 million-$75 million range, which is behind the three-day haul of the previous film "Age of Extinction" ($100 million).
"The Last Knight" is the latest summer movie which flops, after high-profile summer tentpole "Pirates of the Caribbean: Dead Men Tell No Tales". "The expected performance of 'Transformers 5' will unlikely be able to reverse this June gloom," said Paul Dergarabedian, senior media analyst at comScore. "However, if this season has taught us anything, it's that fortunes can rise and fall faster in this marketplace than perhaps any other in recent memory and any long-term prognostications about where this summer will wind up come Labor Day should definitely be written in pencil."
"The Last Knight", like "Dead Men Tell No Tales", may make up for its low domestic performance with its international ticket sales. The franchise, which has never been a favorite of critics, has always been received well overseas, with "Age of Extinction" grossing $858.6 million internationally to cross the $1.1 billion mark at the worldwide box office.