Paramount Pictures have announced the title for the 5th film in the Transformers franchise. Transformers: The Last Knight will be hitting theaters June 23, 2017. Michael Bay will return as director and Mark Wahlberg will also return to star. Production on the film begins June 6th. The Transformers films have received some hatred from fans over the years but the franchise has generated $3.7 billion in box office so it's hard to ignore that. A Bumblebee spin-off film and Transformers 6 are also in the planning stages for the future of the franchise.