Washington
(ANI):
With
Transformers
grossing
nearly
700
million
dollars
worldwide,
bosses
at
Paramount
and
DreamWorks
plan
to
have
a
sequel
of
the
movie
out
on
June
29,
2009.
The
studios
also
hope
to
have
original
director
Michael
Bay
signing
up
to
helm
Transformers
2.
However,
while
the
studios
are
extremely
eager
to
have
the
movie
ready
and
in
theatres
in
2009,
they
are
still
saying
that
the
project
is
not
a
done
deal
as
yet.
According
to
insiders,
this
is
due
to
ongoing
battle
of
wills
between
DreamWorks'
David
Geffen
and
Steven
Spielberg
and
leadership
at
Paramount
conglom
Viacom.
"Transformers" was
a
passion
project
for
Spielberg,
who
took
an
exec
producer
credit
on
the
pic,
with
DreamWorks
developing
the
project
and
taking
the
creative
lead
after
partnering
with
Paramount
–
before
the
studio
bought
DreamWorks.
Spielberg
was
also
the
one
who
brought
Bay
aboard
to
direct
and
LaBeouf
to
star.
He's
expected
to
be
involved
in
the
sequel.
Bay
is
in
the
final
stages
of
negotiation,
and
once
he
signs
on,
LaBeouf
is
expected
to
return
as
well,
reports
Variety.