'Transformers 3' in the works

'Transformers 3' in the works

Paramount, Dreamworks to release pic in 2011

By PAMELA MCCLINTOCK

Paramount and DreamWorks are forging ahead with "Transformers 3," dating the movie for release on July 1, 2011.

It's the first official word of the three-quel.

DreamWorks and Par weren't immediately available to confirm whether Michael Bay and stars Shia LaBeouf and Megan Fox are set to return for the third installment in the franchise, which has fast claimed the July 4th holiday as its own.

"Transformers" opened July 3, 2007; "Transformers: Revenge of the Fallen" bows on June 24, 2009.

So far, "Transformers 3" has no direct competition in its July 1, 2011 date.

Paramount also has moved up the release of Marvel Entertainment's "Thor" from June 16, 2011 to May 20, 2011.

Tekið af Vef Variety