IGN has confirmed the Transformers movie universe will likely be reset following the release of Bumblebee, which hits theaters on December 21.
A Hasbro representative provided IGN with the following statement:
We are working with the new Paramount leadership team to lay out the future of Transformers films and there will likely not be a movie in 2019. We’re very much looking forward to Bumblebee coming in December.
Hasbro will have more creative control over the film franchise moving forward. This confirms comments made at Toy Fair, reported by TFW2005, that there will be no new Transformers film in the near future. A new team at Paramount will reportedly reboot the live-action series.