If you were hoping the script for Transformer 4 would be better than the previous movies, it’s time to let that hope go.  THR reports that Ehren Kruger, who co-wrote Transformers: Revenge of the Fallen and took sole credit on Transformers: Dark of the Moon, will once again be breaking out his cocktail napkins for Michael Bay‘s reboot of the series.  Paramount Pictures’ President of Production Adam Goodman also confirmed that Shia LaBeouf will definitely not return for the franchise’s next installment.

Hit the jump for a recap on what we know about Transformers 4, and click here for Goodman’s updates on other Paramount projects.  Transformers 4 is slated for June 29, 2014.

Word of a sequel to Tony Scott’s Top Gun started bubbling up a few years ago.  At the time, most believed Tom Cruise would only be returning for a small role and that the film would center on a new young group of pilots.  Movement on the sequel began to pick up in the ensuing months, and as recently as February we learned that Peter Craig (The Town) was working on a script for the sequel that would feature Cruise in a starring role and would see Scott return as director.

Paramount President Adam Goodman recently sat down for an extended conversation with THR and he provided updates on a slew of upcoming projects including Darren Aronofsky’s Noah, World War Z, One Shot, another entry in the Mission: Impossible franchise, and the aforementioned Top Gun sequel.  Hit the jump to see what he had to say.