This is more of an UPDATE than a . July 22, 2004 - IGN FilmForce has learned that the live-action feature film version of The Transformers will indeed be a DreamWorks project, which confirms rumors that appeared online earlier this week. DreamWorks Pictures has inked a deal with toy king Hasbro to make The Transformers; Paramount Pictures will handle the foreign rights. Also confirming earlier Web buzz, DreamWorks honcho Steven Spielberg did indeed use his personal relationship with Hasbro founder Alan Hassenfeld to bring The Transformers over to DreamWorks. Even better, Hasbro and DreamWorks have agreed to get Transformers going very quickly, with a 2006 release date already set! Furthermore, G.I. Joe producer Lorenzo DiBonaventura may become involved with the project in some capacity on behalf of Paramount. Don Murphy and Tom DeSanto are already onboard to produce Transformers. Expect the trades to confirm this report sometime very soon. IGN FilmForce has been able to sneak a peek at a press release which includes quotes from producers DeSanto and Murphy. "Like X-Men, Transformers offers an amazing mythology with all the elements to create a successful ongoing franchise, iconic characters, global themes, and a world that has never been seen before on screen," said DeSanto. "We hope that this will be the first in a franchise that is embraced by fans and newcomers alike." "If you go to places which are the pop culture zeitgeist center, places like this week's San Diego Comic-Con, you won't find many that engender as much enthusiasm as Transformers," said Murphy. "I have a message board on my site where most of my projects have several hundred postings from fans – when Transformers recently hit 8000 postings I knew we had something really incredible." Needless to say, The Transformers are based on the hugely popular Japanese toy line from the 1980s, which spawned a few comic book series and a hit TV show. Cartoon Network is readying another animated Transformers series.