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'Transformers 3' gets release date

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Paramount and DreamWorks have slated a third Transformers movie for July 1, 2011, according to Variety. The announcement comes three months before the Transfomers sequel, Transformers: Revenge of the Fallen, hits theaters on June 24 of this year. Apparently, it does not mean that the threequel is officially greenlit, but only that the studios have staked their claim to the all-important July 4 holiday for the film. There’s no word on whether director Michael Bay or stars Shia LaBeouf or Megan Fox would return for the film.