E! has posted an article that gives some new insight into the short and long term status of a "Transformers" sequel. Speaking to Paramount spokesman Marvin Levy, E! was told "Obviously you have a movie that's made as much money as Transformers has, you'd want to do another one."

The real surprise is a revelation that friction between DreamWorks co-founders Steven Spielberg and Jeffrey Katzenberg and Paramount suggests an end to their contract next year. The studio referred to bosses Spielberg and Geffen this week as "completely immaterial" to Paramount, since Transformers would stay with Paramount.

There's no telling what would happen if Spielberg walks. Read the full article at eonline.com.

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