‘Transformer 5’ Release Date: Hasbro, Michael Bay to Plan Four more Movies for the next Decade

The "Transformers" franchise will not be ending anytime soon.

According to an executive at Hasbro, the company that owns the rights to the Transformers brand, there will be four more movies, including "Transformers 5," coming out within the next 10 years.

"You're going to see a new Transformers movie coming from Hasbro and Paramount and Michael Bay and our other partners. In fact, we just finished -- as some of you may have read -- an incredible experience," Hasbro's Executive Vice President and Chief Content Officer, Stephen J. Davis, revealed at the MMIP Junior Conference. "We decided we wanted to plot out the next 10 years of the Transformers franchise, so we got together in a 3 month period of time...nine of some of the most creative writers I have ever worked with -- shepherded by Akiva Goldsman, who many of you may know won an Academy Award for 'A Beautiful Mind,' and written a bunch of great movies. And they plotted out the next ten years of Transformers. Similarly we are doing the same in television and digital. So stay tuned Transformers 5 is on its way. ...And 6 and 7 and 8."

Screen Crush detailed the people who will be involved with the plot.

"The brain trust includes Ant-Man writers Andrew Barrer and Gabriel Ferrari, who are developing the animated film, while Goldsman himself will deliver the script for Transformers 5. They're joined by fellow writers Robert Kirkman (The Walking Dead), Art Marcum and Matt Holloway (Iron Man), Jeff Pinkner (Lost), Zak Penn (Pacific Rim), Ken Nolan (Black Hawk Down), Black List writers Geneva Robertson-Dworet and Christina Hodson, Daredevil Season 1 showrunner Steven S. DeKnight, and Lindsey Beer."

It should be of no surprise that the franchise will continue. Even though the movies have not received the best reviews, they have always performed well in the box office. According to Box Office Mojo, the most recent movie, "Transformers: Age of Extinction," brought in $1.4 billion dollars worldwide.

Despite this announcement, director Michael Bay still has not signed on for 'Transformers 5.' Bay tweeted in mid September that he has "not committed to any idea as of yet." Mark Wahlberg is expected to return as the lead actor.

Production is expected to kick off in June 2016. The movie will have a 2017 release date.