Many fans were worried that Bumblebee’s lower than expected holiday box office opening could lead to a disastrous flop for the film, but that doesn’t seem to be the case according to a new report featuring some quotes from Paramount’s parent company Viacom.
TheHollywoodReporter has posted some interesting quotes from Viacom CEO Bob Bakish revealing that their Transformers spin-off (soft-reboot?) Bumblebee has turned a profit while the last Transformers installment The Last Knight apparently lost them $100 million.
“Bakish congratulated Paramount for a successful turnaround, using the latest in the Transformers franchise as an example: Bumblebee, he said, is “solidly profitable” while its predecessor in the summer of 2017 lost more than $100 million. “
Bumblebee currently has earned $308.7 million on a budget of $135 million (other recent Transformers movies cost more than $210 million to make), and if this means the film has jumped into profit range they didn’t overspend on marketing as many studios have been doing over the last couple of years on their big films.
There is already talk of an Optimus Prime movie, a Bumblebee sequel, and even a CGI Cybertron movie in the works. Bumblebee hitting the numbers it needed to turn a profit before heading to home video suggests they’re going to move forward with those projects sooner rather than later.
On the run in the year 1987, Bumblebee finds refuge in a junkyard in a small Californian beach town. Charlie (Hailee Steinfeld), on the cusp of turning 18 and trying to find her place in the world, discovers Bumblebee, battle-scarred and broken. When Charlie revives him, she quickly learns this is no ordinary, yellow VW bug.
SOURCE: THE HOLLYWOOD REPORTER