Despite being one of the highest-grossing film franchises ever, Transformers: Rise of the Beasts had a poor box office success. Transformers: Rise of the Beasts is the first movie in the series to be released in five years, since the prequel spinoff Bumblebee, even though the film franchise has been releasing new films every two or three years since 2007.
In addition, the 2023 film is the first official Transformers film in six years, following Transformers: The Last Knight in 2017. Since Transformers: Rise of the Beasts is set after Bumblebee’s actions but before the events of 2007’s Transformers, it is still a prequel.
The series’ break would have given viewers enough time to want for another Transformers film, even though interest in the franchise was diminishing by the time Transformers: The Last Knight was released.
Less than two months after its theatrical premiere, Transformers: Rise of the Beasts is already available on streaming services, indicating that the film’s box office performance fell short of Paramount’s expectations.
According to The Numbers, the Transformers franchise has grossed over $5 billion globally, however Transformers: Rise of the Beasts significantly reduced the average box office receipts of the series’ films.
How Much Money Was Made by Transformers: Rise of the Beasts?
According to Box Office Mojo, Transformers: Rise of the Beasts brought about $441 million worldwide. Transformers: Rise of the Beasts actually had a fantastic start at the box office, earning $61 million domestically and $110 million abroad over its first weekend, for a total opening weekend gross of $171 million.
Given that it’s the biggest opening weekend the franchise has had since Transformers: Age of Extinction in 2014, that’s a fantastic accomplishment for the new Transformers film. However, Transformers: Rise of the Beasts had a sharp decline in its second weekend, and the opening weekend total is still less than that of filmmaker Michael Bay’s first four Transformers films.
Transformers: Rise of the Beasts saw a 67% decline in domestic box office receipts in its second weekend. Studios anticipate a decrease of between 50 and 60 percent; a drop of less than 50 percent is fantastic, and a drop of less than 60 percent is nearly disastrous for the studio. Transformers: Rise of the Beasts fell into the latter category.
In just its second week, the film fell to fourth place on the box office charts, behind Spider-Man: Across the Spider-Verse, The Flash, and Elemental, despite being a brand-new, big Hollywood production and a part of an established IP.
In the end, Transformers: Rise of the Beasts earned $429 million globally, in part because it performed well abroad.
Transformers: Rise of the Beasts Has Broken Even at the Box Office
Due to its $200 million budget, Transformers: Rise of the Beasts had to earn at least $400 million in order to break even. After accounting for the marketing costs and the theaters’ share of ticket sales, films typically need to earn about 2.5 times their budgets in order to break even.
The 2023 film probably didn’t spend over $200 million on marketing, even if that amount would equal $500 million when considering Transformers: Rise of the Beasts’ budget. With Transformers: Rise of the Beasts, Paramount would have barely broken even, considering the film’s $441 million box office receipts.
The fact that Transformers: Rise of the Beasts barely broke even is indicative of a 2023 film trend. These films have barely made it this summer due to their high costs and the fact that so many big Hollywood films come out every week that they don’t have much box office wiggle room.
Mission: Impossible – Dead Reckoning Part 1 has only grossed $448 million off of a $291 million budget thus far, indicating it will probably just break even. The Little Mermaid made $561 million off of a $250 million budget, and Fast X made $740 million off of a $340 million budget.
How the Box Office Performance of Rise of the Beasts Differs From Other Transformers Films?
With the first Transformers movie earning $709 million and Transformers: Dark of the Moon and Age of Extinction earning over $1.1 billion each, the Transformers franchise has always been a major hit.
As the franchise’s popularity declined in 2017, Transformers: The Last Knight barely made $600 million. Before the release of the 2023 film, the Transformers franchise had already made $4.8 billion at the box office, making it one of the highest-grossing film series ever. Regretfully, Transformers: Rise of the Beasts didn’t much increase that total profit.
Transformers: Rise of the Beasts became the franchise’s lowest-grossing film by a significant margin, despite having the franchise’s strongest opening weekend since 2014. Even though Bumblebee only made $467 million—considering that it isn’t a full-on Transformers film—it was a big success considering the film’s comparatively cheap budget of $135 million.
It’s surprising that Transformers: Rise of the Beasts did so poorly after Bumblebee’s critical and financial triumph. On the other hand, Transformers: Rise of the Beasts did not garner the same overwhelming favorable reviews as Bumblebee.
Is Transformers: Rise of the Beasts Hit or Flop?
Even if Transformers: Rise of the Beasts broke even at the box office, it wasn’t a success for Paramount. It’s a big issue and will probably have some serious repercussions if a studio spends $400 million on a film and only makes $41 million from it.
Even Nevertheless, the majority of Transformers films have earned billions of dollars despite having a “rotten” rating on Rotten Tomatoes. In addition to the film’s poor success, the crowded market and the fact that it must compete with blockbuster movies are also factors in 2023.
However, Paramount is probably going to take this poor showing very seriously and reassess the Transformers series’ course. Transformers: Rise of the Beasts hinted at a massive crossover film between Transformers and G.I. Joe, but there’s a slim chance that won’t happen because it would be too costly and not worth the risk or the probably low return on investment.
As an alternative, Paramount might produce the crossover film on a far reduced budget, which could have a detrimental influence on the film’s quality because budget cuts would effect everything from the visual effects to the casting.
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