This was not something we thought we’d hear at today’s Toy Fair 2018 Hasbro Investor Preview.

Hasbro specifically stated that a new team at Paramount will reset the Transformers Live Action Movie Series following the release of Bumblebee: The Movie.

Sure enough, the company has removed Transformers 6 (sequel to Transformers: The Last Knight) from the upcoming list of movies. [Guess we are stuck with a cliffhanger, eh?]

Additionally, there is no Transformers Live Action Movie listed for the foreseeable future (2021). Whatever that may come, will only come (on or) after the aforementioned year.

Furthermore, the new agreement with Paramount will have Hasbro having greater control of the movies including greenlighting the movie projects. $100-$125 Million will be spent by Hasbro for Film and TV content in 2018.

Bumblebee: The Movie trailer or sizzle reel made its debut to the investors at the event. Unfortunately we were not able to see it.

Slides from the announcement, can be found after the jump. You can check out the rest of the report via our coverage of the event.