Here the CEO speaks on how the fourth installment will introduce new characters as a result of the poor sales of Hasbro's Transformers: Dark of the Moon toy line.
"This is why Transformers 4 will have a new cast of [robot] characters and it will be a story revolving around these new characters."
Michael Bay will be directing from a script provided by Ehren Kruger.
Transformers: Age of Extinction comes to theaters June 27th, 2014 and stars Mark Wahlberg, Nicola Peltz, Jack Reynor, Stanley Tucci, Kelsey Grammer, Sophia Myles, Bingbing Li, T.J. Miller. The film is directed by Michael Bay.