Yeah that's the problem. Universal is absolutely the wrong studio to have a movie format riding on. If it was Warner, Fox, or Disney/BV ... it might have a chance.
Universal really hasn't done anything since Spielberg left to form Dreamworks. The first Mummy film was fun, but The Mummy Returns, The Scorpion King, and then Van Helsing were basically duds (though I will give The Scorpion King extra marks for Kelly Hu).
Universal's more recent attempts to create a new big time franchise in The Hulk was a spectacular failure.