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Michael Bay agrees to reboot that tired-old Transformers franchise for 2014

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Caffeinated Clint
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Clint is the creator, editor and maintainer of Moviehole.

Update! : And whaddyaknow? Here’s Paramount with a press release announcing “Transformers 4″ for June 2014.

HOLLYWOOD, CA (February 13, 2012) – Paramount Pictures announced today that director Michael Bay has signed a two-picture deal with the studio, which will commence this spring with the filming of “Pain and Gain,” and will be followed by the next installment in the hit “Transformers” franchise.

Based on a true story, “Pain and Gain” follows a group of bodybuilders who engaged in a campaign of kidnapping, extortion and murder in Florida. First told in an article from the Miami New Times, “Pain and Gain,” will be directed by Bay and will star Mark Wahlberg and Dwayne “The Rock” Johnson. Expected to begin production in early spring, the movie’s producers include Bay, Donald De Line and Ian Bryce.

Following “Pain and Gain,” Bay will bring audiences a new take on the “Transformers” franchise as he begins production on the fourth installment in the hit series of movies based on the best-selling Hasbro toyline. The third, and most recent installment of the franchise, “Transformers: Dark of the Moon,” is the fourth highest global grossing film of all time with 1.124 billion dollars of worldwide box office success. Directed by Bay, the movie will re-unite the filmmaking team from the hit franchise, including producers Lorenzo di Bonaventura, Don Murphy, Tom DeSanto and Ian Bryce; and executive producers Steven Spielberg, Bay, Brian Goldner and Mark Vahradian. Paramount Pictures will release the film on June 29th, 2014.

“Michael has been working on PAIN AND GAIN for a number of years but has patiently waited for the perfect casting to trigger a start,” said Adam Goodman, President of Paramount’s Film Group. “Clearly his patience has paid off as we couldn’t be more excited about this combo. His passion for this project is just awesome.”

Michael Bay will be back behind the remote controlled steel trashcans for “Transformers 4″.

Producer Lorenzo Di Bonaventura says the new film will be somewhat of a reboot for the franchise, with Bay the only carry-over element.

Speaking to MTV on the rumours that “T4″ will hit theatres Summer 2014, Di Bonaventura said “Yeah Michael’s gonna direct and it’ll be releasing in the summer of 2014. We’re excited and I think the challenge there is we really are gonna do a reboot, and what that’s gonna be we don’t even know yet.”

“Well I mean again it’s hybrid. It’s not the way—I’m not involved with Spider-Man but what I perceive Spider-Man to be is a redoing of the whole thing, [Transformers 4] is not. It’s an evolution. There’s still continuity that’s going on, and yet there’ll be a lot of new cast. Whether there’s anybody from the [original] cast, we don’t even know yet. But the truth is, it’s gonna be a whole new story. The characters that would certainly come along would be Optimus and Bumblebee I’m sure.”

As for whether Jason Statham is the star of the film, as rumoured, Di Bonaventura – not surprisingly – laughed off those reports, saying they don’t even have a story yet, let alone characters, so they haven’t even begun discussing casting.

Damn. I thought Statham would make a great Bulkhead.

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