The Transformers films have made a ton of money at the box office, so it's no surprise that Transformers 4 is on the way, with a target release date of June 29, 2014. The bigger news is that Michael Bay will return to direct, even though he had said he was done. Producer Lorenzo di Bonaventura confirmed this, along with saying that the film will not be a direct sequel, but a "reboot" of sorts. Possibly simply a new story arc one would think. There doesn't seem to be much to reboot with Transformers. In the mean time Bay will direct Pain And Gain before beginning work on Transformers 4.