It’s official, Paramount is pulling the plug on Transformers 7. The studio has dropped the so-called Transformers 7 (apparently, Bumblebee is considered “Transformers 6”) from their release date schedule. The film was previously slated to arrive in theaters on June 28, 2019. Bumblebee, the spinoff film helmed by LAIKA boss and Kubo and the Two Strings director Travis Knight, is still scheduled for December 21, 2018.

Back in February, we reported that the Transformers franchise might be headed toward a reboot following Bumblebee, after Hasbro’s investor preview for the 2018 New York Toy Fair didn’t include any live-action Transformers sequels on the upcoming Hasbro-Paramount movie slate. The news isn’t particularly surprising after The Last Knight, which fizzled out at the domestic box office. The film fared better overseas, but the final sum tallied “only” $605.4, an impressive sum no doubt, but a long fall from the billion-plus days Dark Side of the Moon and Age of Extinction.

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Image via Paramount Pictures

For his part, long-time director Michael Bay, who helmed the first five films in the Transformers franchise made no bones about the fact he was done directing Transformers film during the Last Knight press tour. Of course, we’ve heard that one before (a lot), but this announcement came with a full-on letter of explanation and subsequent confirmation during interviews. Next up, Bay is headed to Netflix, where he'll direct Ryan Reynolds in the action film Six Underground.

For those actively looking for more toy-based content, not to worry. Paramount and Hasbro have a whole lot of other team-ups on the docket. Late last year, the studio set release dates for G.I. Joe, Micronauts, Dungeons & Dragons, and an another yet-to-be-titled collaboration.

Paramount's Tiffany Haddish comedy Limited Partners will now open on June 28, 2019. The Taron Egerton-led Elton John musical biopic Rocketman was also given a release date and will now land in theaters on May 17, 2019, putting it up against Lionsgate’s fan-favorite action franchise John Wick 3. Additionally, the studio has bumped up their Stephen King adaptation Pet Sematary two weeks to April 5, 2019.

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Image via Paramount Pictures