'Transformers' sequel sets 2009 date

By VARIETY STAFF

Paramount and DreamWorks are holding the date of June 29, 2009, for "Transformers 2," with Michael Bay expected to return to direct the sequel.

Despite the tensions between them, DreamWorks and Par have plenty of incentive to move forward with the next installment in the budding franchise. "Transformers," starring Shia LaBeouf and based on the toy robot line, has grossed nearly $700 million worldwide, giving DreamWorks its first live-action franchise.