In the early 2000s this would have been made for 20m$ and grossed enough for one -- only one -- sequel.
In 2023, this cost 45m$, grossed 7$m, and will limp on to not be profitable. If it was cheaper and relied more on visual style tricks of the subjects in the movie and not so much CGI (which, I get, it needed CGI to a point), it would have been a smaller pill to swallow.
It's not an awful movie at all, and something I'd happily watch again on TV. This is the 3rd ill fated attempt for Universal to kick off its Dark Universe, and is probably the second most engaging attempt.
I do appreciate how they keep trying and they make it clear that the leads are not going to be the standard.