The new installment will be part of an ongoing revamp of the Paramount blockbuster series that began in 2018 with the spinoff “Bumblebee,” a more character-focused film based on one of the Autobots that starred Hailee Steinfeld and was directed by “Kubo and the Two Strings” filmmaker Travis Knight.
The six “Transformers” films have grossed $4.84 billion worldwide since the franchise launched in 2007, but have seen grosses significantly decline in recent years with “Bumblebee” becoming the first installment to gross less than $500 million globally.As part of the new direction, Paramount is developing multiple “Transformers” films alongside each other.
Read more on thewrap.com
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