Bay: Transformers 2 "Right Now"

From ENI comes this little comment from Michael Bay:

A sequel to Hollywood blockbuster TRANSFORMERS is in the works, according to director MICHAEL BAY.

The movie - which stars Shia LaBeouf and Megan Fox, has already grossed $220 million (£110 million) since its release earlier this month (Jul07) and Bay is desperate to oversee the follow up.

He says, "We want to start working on a sequel right now, so we'll see."

This is actually the first time news of a sequel has been confirmed from an "official" source, ie Bay. Everything has been mostly in the rumor stage. Almost confirming a sequel but not yet just saying "yep its greenlit." The importance of a greenlit project is that it means that its most likely going to happen and that budget has mostly been nailed down. Until then its all just working out ideas and debating the possibilities.