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Monday, 19 February 2018 | MYT 4:30 PM

Hasbro to reset Transformers movie franchise

Hasbro is hitting the reset button on the Transformers movie franchise, taking it out of director Michael Bay's explosion-happy hands. 

According to Transformers World, Hasbro will have a new team at Paramount working on the reboot of the Transformers live action movie series, starting with the release of Bumblebee: The Movie.

In an announcement at Toy Fair 2018 Hasbro Investor Preview, the company which owned the long-running robot franchise, removed the sequel to Transformers: The Last Knight from its list of upcoming movies. 

Instead the Bumblebee spin-off would be released on Dec 21 by Paramount Pictures.

In a new agreement with Paramount, Hasbro would have greater creative control, including green lighting the movie projects. 

Hasbro is planning to spend around US$100 to US$125mil (RM388 to 486mil) for film and TV content in 2018.

This would be the first film in the franchise not to be directed by Michael Bay, though he will still act as producer. 

According to Deadline, the director's seat would be filled by Travis Knight whose debut film was the Oscar-nominated stop-motion film Kubo And The Two Strings