It seems like the autobots are ready to rumble, with the fifth instalment and beyond, according to recent developments.

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There is very exciting news for fans who never want to the lights to go out on the franchise, at least not over the next ten years. Hasbro's president, Stephen J. Davis, recently confirmed that four more sequels have been planned for the series, and they will span over a decade.

Davis also revealed that most of the coneptualising and intial writing for Transformers 5 has been completed. He also confirmed, what is now a known fact, that Michael Bay will be directing the next film.

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"You're going to see a new Transformers movie coming from Hasbro and Paramount and Michael Bay and our other partners," Davis said. "In fact, we just finished -- as some of you may have read -- an incredible experience. We decided we wanted to plot out the next 10 years of the Transformers franchise, so we got together in a 3 month period of time...nine of some of the most creative writers I have ever worked with -- shepherded by Akiva Goldsman, who many of you may know won an Academy Award for A Beautiful Mind, and written a bunch of great movies. And they plotted out the next ten years of Transformers. Similarly we are doing the same in television and digital. So stay tuned Transformers 5 is on its way. ...And 6 and 7 and 8."

The writing team that was led by Goldsman, featured Christina Hodson (The Fugitive), Lindsey Beer (Dig), Zak Penn (The Incredible Hulk), Jeff Pinker (Lost), Art Marcum and Matt Holloway (Iron Man), Robert Kirkman (The Walking Dead), Andrew Barrer and Gabriel Ferrari (Ant-Man), Ken Nolan (Black Hawk Down) and Geneva Robertson-Dworet.

Some more plot news came from voice actor Mark Ryan's interview with Dark Horizons, in which he hinted that the movie will most likely have two different storylines.

According to an IGN piece, the first storyline will focus on Cade Yeager (Mark Wahlberg) on mortal lands. And as we had previously suspected the second storyline will follow Optimus Prime's journey in search for his creators, the Quintessons.

Mark Wahlberg has confirmed that he is returning for the fifth in the series, nothing is known about if any of the other Age of Extinction actors will be reprising their roles. No other actor has been attached to star yet.

In another interview, Brian Goldner, CEO of Hasbro, revealed that the movie was aiming for a 2017 release. 

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

Watch the trailer for the movie here: