'Transformers: The Last Knight' debuts to a franchise low

"Transformers: The Last Knight" was the only major-release this week, but despite opening unopposed, the film failed to reach a record high for the franchise.

Aside from the critical accolades, director Patty Jenkins is now also a box office record-holder. Universal's kickstart to their Dark Universe has struggled throughout its run and now stands at just $68.5 million domestically.

In comparison to these abysmal returns for Transformers: The Last Knight, the former films in the franchise have all come back with high dollar returns on their opening weekends, which ranged from $70 million to $108 million. The film has now tied Iron Man's domestic total ($318 million) and is on track to take on fellow DCEU films Batman v. Superman: Dawn of Justice ($330.4 million) and Suicide Squad ($325 million) despite having had a smaller opening figure than either film. However, the Tom Cruise movie continues to do well overseas, where it's earned a total of $273.6 million for a cumulative worldwide earning of $342 million. Wonder Woman, in spot number three, brought in $25.1 million in its fourth week, dropping only 39%. In North America, the movie has earned $160 million and internationally it has grossed $517.8 million, for a worldwide total of $677.8 million. In particular, it was huge in China, where it grossed US$123.4 million - the biggest opening for any Transformers film there. The franchise started its run 10 years ago and has generated 3.8 billion USA dollars in global box office across the first four films and with an average of about 65 percent of the box office earned in the worldwide markets.

The second No. 2, Cars 3 from Walt Disney's (NYSE: DIS) Pixar, also reaped just under $25.2 million domestically.

Major US banks would withstand recession: Federal Reserve
The tests' hypothetical "severely adverse" scenario showed $100 billion in projected losses from credit card loans for the banks. The president also will be able to appoint a new Fed chair when Janet Yellen's term expires in February.

Entertainment Studios' shark tale "47 Meters Down" placed fourth with an estimated 7.43 million US dollars in its second weekend.

Of the new independent releases, A Quiet Passion and Hindi drama Tubelight registered well while Una was OK and McLaren tanked. Comping to another recent franchise fifthquel, Last Knight came in 40% above Pirates Of The Caribbean: Dead Men Tell No Tales, per Par. It cost $230 million to make. The shark attack film raised its Stateside total to $24.2 million. Wityh a modest $38 million budget, it should be able to eke out a profit on a likely $75 million final domestic gross.

I have yet to see Transformers: The Last Knight myself, and I was a fan of the last one, but I have to admit the storyline for The Last Knight seems a bit odd with all the King Arthur round table stuff. Meanwhile, the action thriller Baby Driver, a Sony release directed by acclaimed British helmer Edgar Wright, could be an offbeat hit.

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