This isn’t huge news, because it was already pretty much confirmed that the new Transformers movie, Transformers: Age Of Extinction was going to take place a few year after the first set of movies, but the film’s producer, Lorenzo di Bonaventura wanted to drive the point home that the new film is not a reboot. Here’s what he had to say to The Hollywood News about it:

It’s definitely not a reboot. It’s an interesting question about what you should call it. On a certain level it’s a continuation of the previous stories, in the fact that it acknowledges what has transpired before it. It acknowledges in the last movie, the destruction of Chicago, it’s actually something that carries through the sort of emotional repercussions of that, not unlike 9/11 has emotional repercussions in the real world. In a fantasy world there are repercussions to what occurred.
That plays into the movie, moving forwards with a totally different human cast, who doesn’t know anything about the other humans, it’s not a reboot, but a continuation, yet you’re continuing with a new cast and group of characters. It was a big decision to do that.
We miss our friends that we did the first three with, and they were great, and they probably could’ve done more. But the advantage of doing it this way is that it feels almost like a first movie. It’s a very different dynamic than I’ve seen in a movie, I’m very curious. I guess Star Wars did that a little bit, but not so close together, the way we’re doing it.’

Transformers: Age of Extinction opens in theaters on June 27, 2014 and stars: Mark Wahlberg, Nicola Peltz, Jack Reynor, Kelsey Grammer, Stanley Tucci, T.J. Miller, Titus Welliver, Han Geng, Sophia Myles, and Li Bingbing.

Source: Collider