Michael Bay has posted an update on the Transformers movie franchise to his website. The post states:
Paramount Pictures announced today (February 13) that director Michael Bay has signed a two-picture deal with the studio, which will commence this spring with the filming of “Pain and Gain,” and will be followed by the next installment in the hit “Transformers” franchise.
Following “Pain and Gain,” Bay will bring audiences a new take on the “Transformers” franchise as he begins production on the fourth installment in the hit series of movies based on the best-selling Hasbro toyline. The third, and most recent installment of the franchise, “Transformers: Dark of the Moon,” is the fourth highest global grossing film of all time with 1.124 billion dollars of worldwide box office success. Directed by Bay, the movie will re-unite the filmmaking team from the hit franchise, including producers Lorenzo di Bonaventura, Don Murphy, Tom DeSanto and Ian Bryce; and executive producers Steven Spielberg, Bay, Brian Goldner and Mark Vahradian. Paramount Pictures will release the film on June 27th, 2014.