'Transformers' four more sequels to hit theatres in next 10 years

If you are a 'Transformers' fan, then this news will surely make your day as Hasbro Studios' President Stephen Davis has revealed that the 5th, 6th, 7th and 8th sequels of the film are in the works and will be out over the next 10 years.

Davis announced that Hasbro, Paramount, producer Michael Bay and other partners are not just planning to work on the film sequels, but are also working on its TV series, the Independent reported.

He added that for the last three months all the partners have plotted out the next 10 years of 'Transformers'.

The 'Age of Extinction', the last franchise of the film, was a massive box office success, making 1.104 million dollars worldwide, with a huge taking in China.

These latest announcements come as no shock, as many other films studios have set out long-term plans for franchises. Marvel has been the most successful, having spawned off a number of TV shows and movies.

'Transformers 5' has a release date of 2017.