It's not happening.
Paramount shuffled its release schedule around a bit, and removed "Transformers 7" completely. It was previously set to arrive in theaters on June 28, 2019.
The "Bumblebee" spinoff -- considered "Transformers 6" -- is still scheduled for this December 21.
This is what can happen when a studio gets too ambitious. Back in 2016, Paramount announced the release dates for "Transformers" 5, 6, and 7 -- with 5 released on June 23, 2017 (that was "The Last Knight'"), followed by "Transformers 6" on June 8 (that's "Bumblebee," which was moved to December), and then "Transformers 7" on June 28, 2019.
It's not too shocking to see "Transformers 7" get the boot after the performance of "Transformers: The Last Knight." It made a decent amount of money overseas, but just $130 million at the domestic box office off a reported $217 million budget. Plus, both critics and fans were unimpressed, with the movie picking up multiple Razzie Nominations and little else.
But the franchise isn't done, it's reportedly getting a makeover/reboot following "Bumblebee." We'll see.
In other Paramount schedule news, Tiffany Haddish's comedy "Limited Partners" now has the June 28, 2019 release date. Taron Egerton's Elton John biopic "Rocketman" got a release date of May 17, 2019, which may be considered counterprogramming to "John Wick: Chapter Three," which opens the same day. And the Stephen King adaptation "Pet Sematary" got its release date moved up just a bit from April 19, 2019 to April 5, 2019.
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