Hasbro and Paramount are reportedly considering rebooting the “Transformers” franchise after this year’s upcoming “Bumblebee” spin-off feature.
According to long-running and reliable “Transformers” fan site TFW2005, toymaker Hasbro discussed the possibility at its annual Toy Fair 2018 Hasbro Investor Preview this week, saying: “a new team at Paramount will reset the Transformers Live-Action Movie Series following the release of Bumblebee: The Movie.”
Part of this is due to a new agreement between Hasbro and Paramount, one which gives the toy company much greater creative control of their content and films. Last year’s “Transformers: The Last Knight” wasn’t just the critical nadir of the series, it was also the worst performer with the film pulling in $605 million worldwide – a franchise low.
At the same time series regular Michael Bay is stepping away as director, and there’s a new studio regime at Paramount eager to make its own mark. Armed with multiple options on the table for the franchise going forward thanks to its writers room initiative a few years ago, opting for a reboot makes sense.
Originally plans were to have an official sixth film in the series out in 2019, but that’s fallen by the wayside. Instead, it’s looking like the next “Transformers” main film will be the currently untitled Hasbro film set for a 2021 release.
The first five “Transformers” have pulled in a combined $4.38 billion from ticket sales alone.