'Transformers' tops box office but is biggest in China

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'Transformers' tops box office but is biggest in China

Describing the film's global release, Paramount's president of marketing and distribution Megan Colligan said: "The movie was conceived of for a global audience". A prequel based on the character Bumblebee is due next year. That's also the lowest opening day ever for the franchise, which started 10 years ago. It will be the first Transformers movie to possibly gross less than $200 million in North America. Its five-day opening, after debuting on Wednesday, June 21, comes in at $69 million, which itself is just below the $70.5 million three day opening for the first Transformers movie, which opened in theaters nearly exactly 10 years ago. In China, Transformers: Age of Extinction earned over $300 million.

It's not all bad news for The Last Knight though, as the film did pull in a further $196.2 million from worldwide markets, including a hefty $123.4 million from China. The film has collected $196.2 million on Sunday from worldwide box office including $123.4 million from China.

Ahead of the weekend, the film has an audience rating of about 62 percent.

"It's all about risk versus reward and with mega-budget extravaganzas like Transformers".

Produced for roughly $217 million, Transformers 5 brought in $69.1 million from 4,069 theaters in its five-day debut at the North American box office, including $45.3 million from the weekend itself. Although there is a silver lining in the movie's opening in the global markets, buoyed by its performance in the People's Republic of China.

"The Last Knight", however, performs well overseas.

The Lionsgate drama "All Eyez on Me" slipped to fifth-place on the domestic charts, only grossing $5.8M in the film's second-week in theaters.

Bay has announced The Last Knight will be his final Transformers film, but bosses at Paramount have at least two more movies slated, including a spin-off rumoured to feature actress and singer Hailee Steinfeld.

And neither fans nor critics seem particularly enthused by the latest movie (which will be followed by two more in 2018 and 2019).

It will now be up to newly installed Paramount chairman-CEO Jim Gianopulos to decide the fate of any chapters beyond the spinoff. It also became the top-grossing live-action movie to be directed by a woman, passing Mamma Mia!

With each new addition to the franchise, the reviews have gotten worse and USA audiences have waned.

Speaking to Collider, Mark explained: "I am [contracted for more] but look, I signed on to make these movies with Michael".

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