Transformers: Rise of the Beasts has finally been released in theaters and is surprising quite a bit. While early predictions expected the film to open around $40M, it had a stronger Friday opening and is heading to $60M opening weekend at the domestic box office. Surprisingly though, that might not be enough to dethrone the current box office reign of Spider-Man: Across the Spider-Verse. Currently, it is slightly edging out the film with $60M against $55.9M but Sunday could still make all the difference.
The film overall is showing a strong international box office and is going to open north of $160M worldwide. China remains the biggest fan of this robot-in-disguise franchise with an $11.8M Friday. The market has overall shown quite a bit of healing over the last few months. The Little Mermaid struggled quite a bit but it seems Transformers might reignite the excitement before the next major release The Flash.
It’s a strong jump from the initial expectations. While it didn’t hit the highs of the hopeful $70M, it does give the film a bit more of a chance to make its money back. There’s hoping to build up the iconic franchise again even after Bumblebee underperformed with $21.6M and The Last Knight’s $44.6M. There’s a chance that if they keep pushing it could return to a $100M+ opening again but it’s definitely a hopeful start for the franchise, especially with a decent A- CinemaScore.
The big question is if the latest Spider-Verse entry will surprise given it already has shown some strong legs. The summer box office is stacked and it definitely has proven that family fare and strong word-of-mouth can carry quite a few projects. Fast X is the only big release that one could say lost any momentum going into its second weekend but we still have a few big releases that will show if people put all their money in early or not.