Earlier this week, Viacom (parent company of Paramount Pictures) president and CEO Bob Bakish attended the 47th Annual J.P. Morgan Global Technology, Media and Communications Conference, to outline new achievements by the company.
Mr. Bakish stated that Transformers: Bumblebee did incredibly well even on the 2nd quarter of 2019. It may be due to the Home Release sales which are happening right now. He also highlighted the massive loss incurred by Transformers: The Last Knight and even going as far as ridiculing the movie by stating that the 5th movies was “a quote unquote – Transformers movie“.
“Even in 2019 [we] had strong performance from a series of titles. Bumblebee; which was the most recent Transformers movie is a great example of Jim [Gianopulos]’s ability to reset a franchise. The last “Transformers” film we probably lost over a $100 million. Bumblebee is a better movie: the story was better, the characters were better. It was done in a more fiscally responsible way and we’re making nice money on it.”
While he did not elaborate much regarding the future of the franchise, 2019 was told to be a quiet year for Paramount with majority of major films planned for 2020 and beyond; which starts this October. We do believe that if we hear something about the next Transformers movie, it would be around the final quarter of this year if not sooner.