“Remember when I said I’d only do three Transformers films? Neither do I?”

So it looks like Michael Bay is eating his own words with a nice side of cash. He is officially set to helm the film franchise’s fourth installment which is set for a June 29th, 2014 release.

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In the official announcement, Michael Bay agreed to a 2-film deal with Paramount Pictures, with the first film being his own personal project, Pain & Gain, which begins production this April with Mark Wahlberg and Dwayne Johnson set to star. 

Also rumoured about the next Transformers film is that it may be a reboot of the franchise much in the same way that The Amazing Spider-Man is a reboot of Sam Raimi’s Spider-Man trilogy. No official word on that yet, but it is interesting. 

[Deadline]