'Transformers 4' Will Happen, With Spielberg On-board

Transformers, the commercial cash cow that also masquerades as a film franchise, will be back in 2014, and the man who has been so far been entrusted to drive the previous movies, Michael Bay, will be back in the director's seat it's been confirmed. Even more excitingly for fans of the franchise, he'll be bringing along Steven Spielberg to work with him on the project - though it's not the next thing on his to-do list.

Bay has the black comedy 'Pain And Gain' to get out of the way first, which he described on his website as "a small 20 million dollar edgy black comedy of a true crime story set in Miami called Pain And Gain, starring Mark Wahlberg and Dwayne Johnson, and very close to signing on a couple other great actors," adding, "I'm extremely excited to simplify my film career this spring with a great character piece."

He might even go into TV after that, stating "I might then jump onto a very cool television show my company Platinum Dunes is selling to a major cable network. It might be my first pilot I might potentially direct. We are still working out the details of the deal," but then . the good news for 'Transformers' fans; "Steven Spielberg and I are working on a whole new re-imagining of Transformers, the fourth instalment. We have been working on the idea for a few months. I'm excited about where it's headed." It sounds like a busy year or so ahead for the director.