Michael Bay’s Transformers: Age of Extinction was meant to be the start of a new trilogy. Gone were Shia LaBeouf and Megan Fox, replaced by Mark Wahlberg, Nicola Peltz and Jack Reynor. And with Bay behind the "wheel" of this massive sequel, the fourth Transformers movie did what previous Transformers movies have done: disappointed critics while earning boatloads of money.

Despite the fact that the formula continues to work, Paramount has promised sweeping changes for the Transformers franchise by the time Transformers 5 rolls into theaters. For starters, it’s no longer called Transformers 5. It now goes by Transformers: The Last Knight. So, that happened. Since massive pieces already are moving into place on the upcoming sequel, we figured now was a great time to get the lay of the land and catch you up on everything we know about the ongoing cinematic battle between the Autobots, the Decepticons, and mankind.

When Will Transformers 5 Come Out?
Paramount has given Transformers: The Last Knight a release date of June 23, 2017. This means that the massive robot sequel will bleed into the July 4 holiday, where Michael Bay’s movies tend to shine. It also means that, by coming out on that weekend, Transformers has the time frame all to themselves… for now. Something could always shift. At the moment, Kingsman: The Golden Circle opens on June 16, and Despicable Me 3 hits on June 30.

What Will Transformers 5 Be Rated?
It’s a little too early to tell, as Michael Bay hasn’t started filming a stitch of footage. However, seeing as how Bay’s previous four Transformers movies have all been PG-13, dating back to 2007, I don’t expect the director, or the studio, to aim for anything different. Bay likes pushing the envelope with these Transformers movies, despite the fact that they are based on a toy line (which produced an animated series). He’ll never go R with a Transformers movie, but I also think we’ll need a new director in the chair before the series softens for a PG rating (if that ever happens).

Michael Bay
Michael Bay Is Directing Transformers 5
Love him or hate him, Michael Bay has been the face of the Transformers franchise, the driving creative force since Paramount unveiled the inspired-by-toys franchise in 2007. And while early indicators once suggested that the director would move away from the massive robot series with the next movie, he actually allowed himself to be pulled back into the fold for one more Transformers story. He even did it with the most Michael Bay quote ever, telling Rolling Stone, "I’m doing Transformers… 5 is it?" Yeah, Mike. It’s the fifth one. Hopefully he puts a little more thought and effort into the story on this one, and not just the explosions.

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