The good news. There's a new animated Transformers movie in development that will be receiving a theatrical release. The information was confirmed during Hasbro's annual Investor Day. Boulder Media Studio, a Hasbro-owned film company will be overseeing development on the project while also developing theatrical films for My Little Pony and Stretch Armstrong.



There were no details on when the first film would be released but Hasbro confirmed that after the first one hits theaters, an animated Transformers movie will be released in theaters every year thereafter.



The bad news. The animated films will be set within the continuity of the live-action Transformers movie universe. As the domestic box office returns for Transformers: The Last Knight proved, U.S. audiences have definitely soured on Michael Bay's version of the definitive robots-in-disguise (sorry GoBots).



What do you make of this news? If you skipped out on seeing the Last Knight in theaters, will an animated Transformers film stir your interest enough to make you venture to the cinema? Let us know in the comment section below.