• Tue. Sep 20th, 2022

New ‘Transformers’ films work as studio seeks to revamp FranchiseTheWrap

Two new “Transformers” projects are in development simultaneously as Paramount Pictures looks to revamp the franchise, according to a person familiar with the project.

Joby Harold (“Army of the Dead”) and James Vanderbilt (“Zodiac”) will write each respective film. Plot details are being kept under wraps and there are currently no directors attached to each.

For years, “Transformers” has been the ultimate critically-proof franchise. Reviews of movies like “Revenge of the Fallen” and “Dark of the Moon” were overwhelmingly negative, but fans and families showed up in droves every summer for the release of one of these films, to the tune of more. a billion dollars each.

“Transformers” peaked in 2011 with its third installment, “Dark of the Moon,” with $ 1.12 billion, a year in which Paramount topped all studios with $ 1.95 billion in domestic revenue with 19.2% market share.

“The Last Knight”, despite being the first film in the series to gross less than $ 200 million nationally, was Paramount’s first release in 2017 where the studio grossed just $ 534 million at the country with a market share of only 4.8%.

The Travis Knight directed “Bumblebee” grossed $ 127.2 million domestically and $ 340.8 million internationally, for a gross worldwide total of $ 468 million, against an estimated production budget of $ 135 million. of dollars. “Bumblebee” has the franchise’s best 93% score on Rotten Tomatoes.

Harold, who worked on the last two “John Wick” films, is replaced by Kaplan / Perrone Entertainment and Goodman Schenkman. Vanderbilt co-wrote the “Amazing Spider-Man” movies with Andrew Garfield and also wrote Netflix’s Adam Sandler hit, “Murder Mystery”. Vanderbilt is replaced by UFUSE Management and McKuin Frankel.

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