Despite the series’ solid track record in past, Transformers 5 had the worst opening day in franchise history in terms of domestic market. Despite its lackluster performance at the domestic box office, the movie performed surprisingly well in China as it managed to pull of $41 million on Friday. The latest box office figures is following the footsteps of earlier movie as 2014’s Transformers: Age of Extinction also went through similar success overseas despite performing pretty badly in the domestic box office.
The latest development is little bit surprising since the first two movies in the series performed pretty badly in the Chinese market as they both managed to earn only $103 million combined from the Chinese market. However, the fortune of the franchise changed with the third move as Transformers: Dark of the Moon earned $165 million from the market. And now, the solid performance from the Chinese box office performance shows the potential of the emerging Chinese market for movies.
Despite the poor showing at the box office, Paramount is planning on launching spin-offs as earlier director Michael Bay teased that the studio has 14 transformer movies in the development. The first of these spin-offs, Bumblebee’s production is set to start this summer with upcoming Transformer 6’s production will begin sometimes later next year. With the latest performance of Transformers: The Last Knight, it might be a good time for Paramount to consider such huge number of spin-offs. However, as the series is going strong in overseas box office, the studio might just go ahead with the productions regardless of the latest movie’s performance. We will have to wait and see if the studio plans on doing something drastic in the coming months.
Featured Image: Flickr/Sham Hardy