Following this morning's report that says a third sequel to 2007's Transformers is in "active discussions," comes word, via Variety that the plan may actually be to shoot a fourth and a fifth film back to back. The same article also states that Shia LaBeouf is unlikely to return and that the franchise may instead place Jason Statham in a leading role, though no official negotiations have begun.
UPDATE: Michael Bay has posted the following note about this on his site.
I am currently not talking to Paramount on T4 and T5 despite reports. I'm looking at a lot of possibilities coming my way right now weighing options. Most likely going to be doing the low budget Pain and Gain, a true story crime thriller. It's a very quick shoot and quite funny. Also just finishing the 3 disc set of the Transformer trilogy.
Read more about: