This is destined for a place at the bottom of the pile come the end of the year, but in all honesty, did anyone really expect anything good out of a movie about a guy with a flaming skull going around killing people?
"The prophecy says the ritual will take place ..." tells you that this movie was entirely dictated by location. The ritual could take place in the middle of Times Square and it would still end up looking like it was shot in an anonymous Romanian nightclub.
Beyond the action there isn't much going on. It has a dud plot that attempts to reboot the story of the character. Cage revels in his own insanity and you have to wonder if the guy gives a crap anymore.