Paramount Pictures CEO Brad Grey has said that the sixth movie in the 'Transformers' franchise will be a lower cost spinoff movie on the character 'Bumblebee'. Earlier, Paramount and Hasbro announced three Transformer movies with 'Transformers 5' scheduled to release first in June 2017. Meanwhile, the Bumblebee spinoff will be released in June 2018 followed by 'Transformers 7' in 2019.