'Transformers' franchise to hit reset button

Hasbro, the toy making giant which is also responsible for making Transformers movies, revealed that they are ready to hit reset button on the franchise.

According to a report by IGN, the company released a statement about the future of the movie franchise.

"We are working with the new Paramount leadership team to lay out the future of Transformers films and there will likely not be a movie in 2019. We’re very much looking forward to Bumblebee coming in December,"  read the statement.

The statement only underscores the comments made at the Toy Fair 2018 by the company. According to the reports, this time, Hasbro will have more creative control and the team is working with Paramount Pictures' to reboot the live-action series.

Incidentally, Transformers 6, which is possibly the sequel of Transformers: The Last Knight is no longer listed on Hasbro and Paramount's upcoming movie slate. 

Scheduled to release on December 21, Bumbleblee is the first spin-off from the Transformers cinematic universe, which is being produced by Lorenzo di Bonaventura and Michael Bay.

Led by Hailee Steinfeld, the cast also features WWE megastar John Cena, Jorge Lendeborg, Jason Drucker, Abby Quinn, Rachel Crow, Ricardo Hoyos and Gracie Dzienny.