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'Transformers' tops box office but is biggest in China

'Transformers' tops box office but is biggest in China

Hollywood tentpoles lean towards a 2-2.2 multiple there. Budgeted at a hefty $217M, Transformers: The Last Knight has the potential to gross $750M or more worldwide and the next film is already on the calendar opening 50 weeks from now. In 10 days 47 Meters Down is up to $23.9 million in the US (The Shallows was at $35 million after 10 days) and will probably stop north of $40 million.

But the movie starring Mark Wahlberg was a huge hit in China, where it debuted with 123.4 million United States dollars (£96.4 million). However, it opened far below the previous entries in the series.

Image source: Paramount Pictures (Viacom).

Note: Numbers include Sunday estimates and are three-day estimates.

Transformers: The Last Knight has touched down in a prime position. That's a great start for the $217 million tentpole. That movie earned $165.1 million from China alone, whereas the first two movies earned $103 million from China combined. "However, given the percentage of revenue that is actually gleaned by studios from markets like China, getting to the requisite profit margin can still prove challenging and make the justification for future installments hard".

More news: Key Indian equity indices trade flat during early session

The prospects are better for one of the No. 2s. That means Wonder Woman is now running $6.8 million ahead of Batman v Superman: Dawn of Justice ($311.3 million) through the same point.

Pixar animated threequel Cars 3 is revving up to cross the $100 million mark domestically, coming in third place for its sophomore outing. The Warner Bros. hit is only the tenth movie in history to break $25M on the fourth weekend of play, and the first one since Star Wars: The Force Awakens did it.

"Wonder Woman" and "Cars 3" tied for second place, both with $25.2 million. But of you go by the opening weekend figures of the latest installment, it's time to trigger the alarms.

With Transformers making more of a dent in overseas markets this weekend, Wonder Woman saw more erosion dropping 49% there to $20.5M. Later this summer, Disney will open it in nations such as the U.K., France, Germany, and Japan. However, the film series seems to be getting stale with domestic audiences. It hasn't yet been released overseas. The Dark Universe franchise starter is now sitting at just $68.5 million domestically but a much better $342.1 million overseas. It was the only new wide release of the weekend. Everyone's favorite spooky Long Island house reveals its terrors for the umpteenth time in Amityville: The Awakening distributed by The Weinstein Company and its affiliate Dimension. Edgar Wright's Baby Driver is looking to rev up a number in the mid to high teens.

When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.

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