'Transformers 3' confirmed for 2011
Director Michael Bay made the announcement Thursday
Stars Shia LaBeouf and Megan Fox are slated to return, as is "Transformers: Revenge of the Fallen" co-writer Ehren Kruger. Steven Spielberg will executive produce, as he did on the first two films, which have grossed more than $1.5 billion worldwide.
Bay wrote that he met with ILM in San Francisco Thursday morning, followed by a flight to Rhode Island with Kruger to meet with Hasbro about new characters.
"Well, it's official: We have a great 'Transformers 3' story," Bay said on his site. "Today is Day One."
Paramount's Summer 2011 is shaping up to have four tentpoles: Marvel features "Thor" and "First Avenger: Captain America" bow May 20 and July 22, respectively. And the DreamWorks Animation sequel "Kung Fu Panda: The Kaboom of Doom" hits theaters June 3.