Hasbro CEO Brian Goldner has officially confirmed plans for a 'Transformers' expanded universe.

At the 2015 Q1 Earnings Conference Call, TFW2005 reports that Goldner's answer to a question revealed plans for the "Transformers" expanded universe and a tentative release date for "Transformers 5."

"Our plan with the studio and filmakers you may have heard some writers being hired and we have in fact brought in Akiva Goldsman to lead a group of writers to really create a strategic plan around Transformers. We think there are any number of stories to be told from the brand that has been around for 30 years with amazing canon and mythology. We would expect the sequel to the Transformers movie [TF4] to happen in 2017."

Rumors about a "Transformers" expanded universe first circulated when Paramount Pictures hired Akiva Goldsman to create a "writers’ room" for the franchise with director Michael Bay, executive producer Steven Spielberg and producer Lorenzo di Bonaventura. According to the rumor, the studio wants to fast-track several sequels and spinoffs.

Last year’s "Transformers: Age of Extinction" grossed nearly $1.1 billion worldwide, generating $250 million in net profits for the studio. Mark Wahlberg, who starred in the film, is on board for more installments of the franchise.