Paramount Pictures is getting together with Michael Bay and Lorenzo di Bonaventura and bringing on Akiva Goldsman on board to help expand the Transformers cinematic universe.

Although Goldsman would not be writing, he’d oversee the work of writers and brainstorm with them. He is looking for some material for a sequel in two parts and potential spinoffs. Goldsman would likely join di Bonaventura, Bay, and Steven Spielberg as a producer.

However, it’s not yet known whether Bay would also direct the upcoming instalments. He is currently busy with his Benghazi thriller 13 Hours.

The franchise has made oodles of money for its makers since the first film Transformers released in the year 2007. It made Shia LeBeouf and Megan Fox household names. The movie grossed $702 million and since then has become a hugely popular franchise. The most recent film, Transformers: Age of Extinction crossed the $1 billion worldwide box officer mark last year. It’s the third film in the franchise to pass that milestone.

During its release, Transformers was Michael Bay’s third largest grossing movie. However, since then, the sequels have done exceedingly well, making it one of the most popular and money spinning franchise. Revenge of the Fallen was released in 2009. The third film in the franchise, Dark of the Moon came out on June 29, 2011. The fourth, Age of Extinction in 2014. The fifth in line is, which is as of now, called Transformers 5 and will release in 2016. By the looks of it, it is clear that Goldsman and Bay’s Midas touch would not fail this time around as well. And it’s definitely more good news for the fans as the team comes together.

Goldsman has been known to spin out blockbusters time and again. He’s had I Am Legend, The Da Vinci Code and most recently Insurgent to his credit.