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Confirmed: Michael Bay will direct Transformers 4; Hitting theaters on June 29, 2014

Director Michael Bay took to his official website to confirm today’s news that he will indeed be directing a fourth installment in the Transformers franchise.

There has been a lot of speculation about what I’m going to do next and when or if I will do another Transformers. So let me set the record straight.

I have just concluded a deal with Paramount to do two movies, but it won’t be two Transformers.

I will first do ‘Pain & Gain’ with Mark Wahlberg and Dwayne ‘The Rock’ Johnson.

Then I will do the next Transformers for release on June 29, 2014.

-Michael Bay

The June 29, 2014 release date for Transformers 4┬áputs the gap between the third and fourth film at about three years. Previous iterations had been released within two years of each other. Reports originally surfaced last December about Bay’s involvement in the fourth film.

“Transformers: Dark of the Moon” grossed a franchise-best $1.124B worldwide ($352.390M Domestic / $771.356M Foreign). All told, the first three films in the franchise have grossed $2.67B worldwide.