This is from the Hollywood Reporter, not AICN or someone’s cousin who knows someone who heard something. That means it is real. Have fun going back and forth about who you’d think would be the best director, etc.
July 23, 2004
DreamWorks, Paramount prime for Transformers
DreamWorks and Paramount Pictures have acquired the movie rights for the Transformers, Hasbro’s toy line of giant robots that morph into cars, trucks, planes, ships and other technological creations. Angry Films topper Don Murphy and Tom DeSanto, who exec produced the two “X-Men” films, are producing the live-action feature, along with Lorenzo di Bonaventura. Steven Spielberg will executive produce. In the protracted negotiations, DreamWorks beat out several other studios, with Spielberg reportedly involved in acquiring the rights. Paramount is taking international distribution rights, while DreamWorks will handle domestic. The Transformers are divided into two groups of robots, one led by Optimus Prime, who believes in tolerance and the sanctity of life, the other by Megatron, who espouses survival of the fittest and the extermination of biological life. (Borys Kit) FULL STORY