Transformers 4: Age of Extinction is the first movie in 2014 to hit the $1 billion mark, it was revealed on July 3.

Sequel To Transformers 4: Age of Extinction Might Not Be Made? 

First off the release date for the movie was initially suggested for some time in 2016, but some recent interviews with producers of the franchise stated that there is no confirmation on that and it might even be a "little rushed." And while there was buzz about Michael Bay not coming back for the sequel, the rumors have been quashed and it seems like the director will very much be helming the next project as well, albeit Bay has his a few conditions. Bay has also stated that if he sticks with the franchise the new movie will be probably be as long as Age of Extinction.

Now coming to the plot. As Optimus Prime was seen traveling into space, headed to Cybertron to meet his maker at the end of Age of Extinction, many believed that the sequel would be set in Cybertron and there were a lot of theories being suggested to corroborate that. But in a recent interview, producer Lorenzo de Bonaventura revealed that it was more likely that the saga will continue to unfold on mortal land and there were no plans to set it in space. In fact Bonaventura also stated that the setting for Transformers 5 will be very similar to that of Age of Extinction.

Title For Transformers 5 To Be "Galvatron Rising"?  

There have also been some other pretty tempting rumors doing the rounds about Shia LeBeouf and Megan Fox returning to the franchise with Transformers 5, but while both mildly welcomed the idea in recent interviews, it seems highly unlikely that such a thing would happen as Age of Extinction marked a complete overhaul with cast for the franchise and announced its new phase.

Now coming to the characters and who is expected to return. There were predictions about Lockdown beingresuscitated as has been the case with other machines in the movie's past -- Megatron came back to life in his new avatar as Galvatron. In fact some reports have hinted that a new version of Megatron or Galvatron will be making a massive comeback with Transformers 5. But the most excitingly scary prediction so far has been that Optimus Prime might die in the sequel and Rodimus will take over.

Transformers: Age of Extinction hit theaters on June 27, 2014.

Watch the trailer for the movie here: