Michael Bay might have backed out of Transformers 5, but the sequel to Age of Extinction is still on, and a new report states the release date for the movie has been announced.

A Primer On The Top Players In The Beast Wars For Transformers 5

In a report dated October 12, Hallels, stated that Transformers 5 still maintains its green-lit status and is all set to hit screens in 2016. The online publication goes on to reveal that Paramount Pictures International SVP Edward Ryan stated that Transformers 5 will be released on June 24, 2016.

While the film doesn't have a director with Bay dropping out, it does have a screenwriter with Ehren Kruger.

Michael Bay Being Requested To Direct The Age of Extinction Sequel?  

Meanwhile, Transformers 4: Age of Extinction is still bringing in the big bucks. Variety reported that Age of Extinction claimed the top spot on all national home video charts. The movie was recently released on DVD, Blu-Ray and home video.

Age of Extinction stars Michael Wahlberg, Jack Reynor, Nicola Peltz and Stanley Tucci. The sequel for the movie has been fraught with uncertainty s Bay recently revealed that he most likely won't be coming on board for Transformers 5 and would pass the baton to another director. There has also been no confirmation of the main star cast reprising their roles for the next in what was meant to be a trilogy.

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

Watch a clip featuring the dinobots here:

Tags: Transformers 5 Transformers 4: Age of Extinction Movies