Paramount and DreamWorks are forging ahead with Transformers 3 and have set a release date of July 1, 2011, Variety reported.
It's the first official word of the project. Paramount insiders told the trade paper that the studio wanted to claim the date before another studio did, and that this isn't an official announcement that Transformers 3 is a go. No writer has been hired.
DreamWorks and Paramount executives weren't immediately available to confirm whether director Michael Bay and stars Shia LaBeouf and Megan Fox are set to return for the third installment in the franchise.
The second installment, Transformers: Revenge of the Fallen, debuts on June 24, 2009.
Paramount, meanwhile, has moved the release of Marvel Entertainment's Thor for the second time in less than a week, to May 20, 2011, from June 17, 2011.