The Hasbro Quarter 1 earnings conference call was held recently, where executives talked plans for the future of Transformers.

Reportedly, Hasbro CEO Brian Goldner had the following to say on the state of the franchise, "Our plan with the studio and filmakers you may have heard some writers being hired and we have in fact brought in Akiva Goldsman to lead a group of writers to really create a strategic plan around Transformers.

We think there are any number of stories to be told from the brand that has been around for 30 years with amazing canon and mythology. We would expect the sequel to the Transformers movie to happen in 2017."

Paramount and producers (Lorenzo di Bonaventura, Michael Bay) of the Transformers franchise have already had differing ideas about release dates for TF5, and have also mentioned that Mark Wahlberg will return as lead. Despite Age of Extinction still making big money (1 billion worldwide), critical response to the film – and Bay in particular – was worse than ever. In the months since the film's release, Michael Bay's return has been in question.