New Bayformers is coming, will it be a remake of the 2007 one? Seems like it, the new film is a REBOOT.

Source:
https://puck.news/newsletter_content/what-im-hearing-hbos-comp-shake-up-peacocks-mini-purge-top-10-vanities/

Also, Paramount loses the rights if they don't get a new movie out by 2029.