Hasbro knows it’s onto a good thing and has no intention of letting the autobots power down any time soon. CEO Brian Goldner said that the company expects the next film in the franchise will happen in 2017.
He made the statement during Hasbro's 2015 Q1 Earnings Conference Call. According to TFW2005, who attended the event, Goldner said that there are a number of stories to be told from the Transformers universe.
He said, “Our plan with the studio and filmakers you may have heard some writers being hired and we have in fact brought in Akiva Goldsman to lead a group of writers to really create a strategic plan around Transformers. We think there are any number of stories to be told from the brand that has been around for 30 years with amazing canon and mythology.”
Michael Bay, however, may not return for the film. After the release of Transformers 4, Bay said that he wanted to “flex his muscles.” He is currently tackling 13 hours, which is based on the novel Thirteen Hours: A Firsthand Account of What Really Happened in Benghazi by Mitchell Zuckoff. This tells the story of the terrorist strike on the U.S. Special Mission Compound and CIA Annex in Benghazi.
Transformers: Age of Extinction was 2014's highest-grossing movie worldwide. So far, the movies have been released two to three years apart, so a 2017 release date for Transformers 5 seems about right.