enVolve Reports:  The following article, Latest Hollywood Flop: Woke ‘Exorcist’ Re-Boot to Lose Millions, was first published on .

Hollywood keeps racking up the box office bombs, and this Exorcist re-boot seems likely to torpedo an entire planned franchise that producers hoped would lead to box office success for years to come.

The latest episode of the Exorcist film series has been a huge flop and looks like it is going to end up losing hundreds of millions.

According to Hollywood In Toto:

“The Exorcist: Believer” opened to putrid reviews and a lackluster $27 million on its opening weekend during the month of Halloween, no less. Audiences hated the film, too. Consumers gave it a tepid 57 percent “rotten” rating at RottenTomatoes.com to go with a “C” from CinemaScore.

That’s not going to spark a word-of-mouth rebound.

Ironically, the powers that be kept the reboot’s price tag at a modest $30 million, a smart decision but one undermined by that $400 million fee.

The whole thing seems to be falling apart for the studio.