Those who were worried that they'd seen the last of the Transformers on their cinema screens need not worry as the studioheads behind the franchise have announced that they have at least four more movies in the pipeline that they plan to roll out over the next ten years.

Speaking at the Mipcom convention in Cannes over the weekend (3-4 October), Hasbro Studios President Stephen J Davis stated: "You're going to see a new Transformers movie coming from Hasbro and Paramount and Michael Bay and our other partners. In fact, we just finished, as some of you may have read, just an incredible experience.

"We decided that we wanted to plot out the next 10 years of the Transformers franchise, so we got together in a room over a three-month period of time. Nine of some of the most creative writers I have ever worked with [and we did it]. So stay tuned, Transformers 5 is on its way, and 6 and 7 and 8."

Among the team of Davis-praised visionaries is Akiva Goldsman, the Academy Award-winning screenwriter behind the 2001 movie A Beautiful Mind, which does offer some hope when it comes to the direction the ailing Transformer series might take.

In addition, Jeff Pinkner (Lost, Fringe) has also come aboard to help pen the script, which could make for some promising results. But nevertheless, a lot of the same names from previous movies along the franchise are still on board, so the project may not necessarily embrace the completely different style of storytelling, which it arguably needs in order to stay successful.

That's not to suggest that the last four Transformers weren't impressive when it came to box office sales. Both the third instalment, released in 2011 and the latest movie released in 2014 grossed more than $1bn (£658m) each at the box office, so it's no surprise that Hasbro Studios wants to continue making the movies. But they failed to impress critics with many publications labelling Age Of Extinction in particular as "tepid," "inane" and "an incoherent mess of movement and noise."

And if four more big-screen movies continuing the stories of Optimus Prime and the dastardly Decepticons spanning the next decade wasn't enough, super fans of the ever-adapting alien robots can also look forward to ongoing TV series following the characters too, after Davis concluded: "Similarly, we are doing the same in television too." Safe to say, there's a lot of upcoming Transformers projects.