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Paramount and Hasbro Studios Planning Transformers Movie Franchise Reboot After Bumblebee

February 17, 2018 | Posted by Jeffrey Harris
Transformers

In news that will more than likely be music to the ears of many cinephiles and classic Transformers fans, Hasbro revealed at a Toy Fair 2018 Hasbro Investor Preview event this week that the Transformers film franchise as it currently stands would effectively end after the release of spin-off Bumblebee movie later later this year. The news comes from a report by TFW2005.com, who was on hand for the preview event

Hasbro reportedly stated that a new team at Paramount Pictures will “reset” the Transformers live-action movie series following Bumblebee this year. Though it does seem a big strange that Paramount seems to basically be saying that there will not be any sequels to Bumblebee either, unless they do not have faith in the film outdoing last year’s Transformers: The Last Knight, which only grossed $130 million domestic off a $217 million production budget. It was the lowest grossing film in the live-action feature film series to date.

Additionally, Hasbro also revealed an upcoming planned film slate for the event. In the image for the slate (available at the above link), Transformers 6 was not listed on the upcoming list of films. Other films on the slate include a planned new G.I. Joe live-action film reboot in 2020, a Micronauts movie in 2020, a new Dungeons and Dragons movie in 2021, and a mystery Paramount/Hasbro event film slated 2021 as well. How those films will roll out, if at all, remains to be seen.

This news also begs the question if Hasbro and Paramount’s previous plans for a “Hasbro Cinematic Universe” have soured after the poor results from Universal’s Dark Universe and DC and Warner Bros. having mixed results from the DCEU. The TFW2005 report did say that under Hasbro’s new working agreement with Paramount that Hasbro would have greater control over the upcoming movies including greenlighting projects. Hasbro is reportedly looking to spend $100-$125 million for Film and TV content in 2018.

Additionally, a Hasbro representative responded to IGN on the news with the following statement: “We are working with the new Paramount leadership team to lay out the future of Transformers films and there will likely not be a movie in 2019. We’re very much looking forward to Bumblebee coming in December.”

While many previous live-action Transformers film were financially successful, The Last Knight received both poor critical reviews and did disappointing business at the box office. That more than likely led to Hasbro and Paramount opting to reset the franchise.

Bumblebee is due out in theaters on December 21. The film stars Hailee Steinfeld and John Cena.