Paramount has big plans for the future of Hasbro's popular toy line, as the studio is developing multiple Transformers movies that will release in the next several years. Michael Bay helped launch the Transformers franchise in 2007 with Shia LaBeouf and Megan Fox in the lead human roles. Although Fox left after just two films, LaBeouf's Sam Witwicky remained the focus for the first trilogy. Under this era of the Transformers movies, the series achieved peak popularity, as Transformers: Dark of the Moon made more than $1.1 billion at the box office worldwide. The franchise became a huge part of Paramount's plans as a result, explaining its continued investment in the franchise.
The Transformers movies entered a new era with Transformers: Age of Extinction, as Mark Wahlberg became the face of the franchise. He returned to star in the fifth film, Transformers: The Last Knight, which proved to be the end of Michael Bay's time with the franchise. The two Wahlberg-led movies were not as popular at the box office, and critical reviews of Bay's CGI-heavy blockbusters became harsher too. Paramount was well-positioned for a change, though, as 2018 saw Bumblebee hit theaters with Hailee Steinfeld in the lead. The movie was a moderate financial hit but received strong critical reviews. This left the studio to contemplate what to do next with the Transformers IP, as sequels, prequels, and spinoffs of Michael Bay's movies were considered at the same time plans emerged for the Bumblebee universe to grow. Meanwhile, a complete franchise reboot was also on the table.
Related: How Michael Bay’s Transformers Redeemed The Franchise’s Weirdest Toyline
After taking a few years to develop various ideas, Paramount seems to have figured out what
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