Hasbro Studios President Stephen Davis reveals Transformers films are plotted for the next 10 years

Whilst Transformers: Extinction was met with a mixed reception after making a tonne of money at the Worldwide Box Office, it has been revealed that four more Transformers films will be released over the next ten years.

Speaking at Cannes this weekend, Hasbro Studios president Stephen Davis said that the studio would also develop a Transformers TV franchise over the course of the next decade explaining "You're going to see a new Transformers movie coming from Hasbro and Paramount and Michael Bay and our other partners.

We decided that we wanted to plot out the next 10 years of Transformers... similarly, we are doing the same in television and in digital. So stay tuned, Transformers 5 is on its way, and 6 and 7 and 8."

Hasbro's CEO Brian Goldner previously spoke about the possibility of individual characters, such as Bumblebee getting their own films and an expanded Transformers Cinematic Universe in much the same way as Marvel.