Can 'Transformers: The Last Knight' dethrone 'Cars 3' at box office?

Movie cost an estimated $217M to make; is rated PG-13

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SAN ANTONIO – "Transformers: The Last Knight" is the latest big-budget sequel to enter the box office arena, this time attempting to best reigning champion "Cars 3".

The latest installment in Disney's and Pixar's "Cars" franchise easily took the top spot last week but its $53.7 million in earnings also told a more complicated tale.

"Cars 3" had the worst opening in the series' history and it now looks like it might have some vulnerability as Paramount Pictures brings its fifth Transformers movie to audiences.

WATCH: Thrilling new "Transformers: The Last Knight" trailer shows Evil Optimus Prime rage

RELATED: Meet Isabela Moner, the scene-stealing breakout star of 'Transformers: The Last Knight'

The new movie has a five-day outlook in the $60 million range and cost an estimated $217M to produce. 

The Transformers series always has made millions internationally and it should make up ground from a slow start when it launches in 42 international markets including China and the United Kingdom.

A Bumblebee-centric spinoff is planned for release in 2018 and the Last Knight's box office success or failure could have a major impact on the future of the series.

"Transformers: The Last Knight" is director Michael Bay's final film with the series. He made his announcement before the film's premiere.

Transformers 5 stars Mark Wahlberg, Anthony Hopkins, Stanley Tucci, Josh Duhamel, John Turturro.

Here's a synopsis of the latest Transformer film along with its trailer. The Last Knight is the only nationwide release scheduled for this weekend.

And don't forget to look for the latest article each week to see what else will be playing at the movies.

Transformers: The Last Knight

Humans and Transformers are at war and Optimus Prime is gone. The key to saving our future lies buried in the secrets of the past, in the hidden history of Transformers on Earth.

Saving the world falls upon the shoulders of an unlikely alliance between Cade Yeager (played by Mark Wahlberg), Bumblebee, and an English Lord (played by Sir Anthony Hopkins).

In "Transformers: The Last Knight", the hunted will become heroes and heroes will become villains. But only one world will survive: either theirs, or ours.

The movie is 2 hours and 29 minutes and rated PG-13. 

You can view the trailer below or by clicking here.

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