The last Transformers film, Age of Extinction, pulled in the money out of any 2014 film, so there was no shot of Paramount and Hasbro stopping the money train from chugging along. We just didn't know when the next film was coming out, but now we do.

During Hasbro's quarter one earning conference call, CEO Brian Goldner said the company is targeting 2017 for the release of Transformers 5 and he also confirmed plans for a Transformers cinematic universe. 

"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. We would expect the sequel to the Transformers movie [TF4] to happen in 2017."

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