Hasbro CEO Brian Goldner revealed on an investor's conference call that the toy company is in "active discussions" with Paramount Pictures for Transfomers 4. Executive producer Steven Spielberg and director Michael Bay are involved in the talks, and Brian Goldner expects to have news on the sequel in the next fiscal quarter.

Brian Goldner also talked about a number of other movie projects based on Hasbro products.

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"We continue to actively develop a number of additional Hasbro films with great partners and writers, including Micronauts, Ouija, Candy Land, Risk, Stretch Armstrong, Clue and Monopoly."

Back in August, Universal Pictures dropped Ouija from its production slate. However, Brian Goldner indicated they are in a situation similar to Disney's restructuring of Lone Ranger. Brian Goldner said the Ouija script is being reworked, and he expects it to find a new studio home shortly.

Micronauts is being developed for J.J. Abrams at Paramount. The scripts for Monopoly, Clue, and Risk are also being worked on.