The Transformers movie franchise has made quite a bit of money, and after the success of the fourth film, it just seems logical to make a fifth film.  This is what is known about Transformers 5 Release Date, Update, and Spoilers.  One interesting spoiler is that many of the story elements of Transformers 5 could resemble the original 1986 Transformers animated film.   

According to Vine Report, Transformers 5 will introduce Ultra Magnus, a second-in-command character that was introduced in another Transformers movie, the animated one from 1986.  In that film, he was a car carrier that took on the mantle of leader after the Autobots' usual leader, Optimus Prime, was killed by Megatron. 

There are also reports that Unicron will appear, who also first appeared in the first Transformers animated movie.  The Day Herald reports that Unicron was a "Decepticon Leader", but in actuality, Unicron didn't take any side.  Unicron was a planet that would eat other planets, and he could transform himself into a massively gigantic robot. 

The true leader of the Decepticons is Galvatron, who was originally Megatron.  Megatron was finished off in Transformers: Dark of the Moon, but he was then brought back to life in Transformers: Revenge of the Fallen.  He didn't really have much of a role in that fourth Transformers film, but it was clear they were setting him up for a fifth film. 

Also set up for the fifth film was Optimus Prime going into space, presumably to meet the Quintessons, the original builders of the Autobots and Decepticons.  This race was also introduced in the 1986 animated movie, which is starting to become what is going to be the direction they are going with the fifth installment of the series.

Most remember the 1986 animated film as not only the death of Optimus Prime, but it took the current animated series in a different direction.  The show originally took place during present-day Earth, but the movie took the series into the year 2005, which, at the time, was twenty years in the future. 

If the series goes into space, then there will be more emphasis on the computer graphics of the Autobots and Decepticons and less emphasis on the human world.  It is reported that Mark Wahlberg will be reprising his role as the inventor/friend of the Autobots, Cade Yeager.  It is also reported that Shia LeBeouf and Megan Fox could be reprising their roles that they played in the first and second Transformers films. 

It has been reported that Akiva Goldsman his heading a team of screenwriters to write the script for Transformers 5, which apparently doesn't have a subtitle.  Also helping out with the script are ken Nolan, Geneva Robertson-Dworet, Christina Hodson, Lindsey Beer, Andrew Barrer, Gabriel Ferrari, Robert Kirkman, Art Marcum, Matt Hollowy, Zak Penn, and Jeff Pinker. 

It is possible that Michael Bay could be back to direct the sequel.  Originally, it was thought that Jonathan Liebesman, the director of the Michael Bay produced reboot of Teenage Mutant Ninja Turtles, was going to be at the helm, but it could be Bay once again.  However, if Transformers 5 does go in a space-centered direction, maybe a new director could be a smooth transition.  Expect to see Transformers 5 sometime in 2017.