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'Transformers 5', 'G.I. Joe 3', and 'Star Trek 3' Set for 2016
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Besides mapping out the release schedule, movie studios also preview their hotly-anticipated movies like 'Teenage Mutant Ninja Turtles', 'Star Wars Episode VII', and 'Avengers: Age of Ultron'.

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Paramount Pictures has revealed its 2016 schedule at the CineEurope conference in Spain. "Transformers 5", "G.I. Joe 3", and "Star Trek 3" are planned for 2016 release. Michael Bay is expected to helm the fifth "Transformers", director Jon M. Chu is back for the third "G.I. Joe", and Roberto Orci is confirmed to sit behind the lens for the third "Star Trek".

Other movies slated to come out in two years include "Paranormal Activity 5" which will be directed by Gregory Plotkin, "Ben-Hur" remake which has Timur Bekmambetov at the helm, "Beverly Hills Cop IV" which taps Brett Ratner as a director and brings back Eddie Murphy on the lead role, and "Hansel and Gretel: Witch Hunters 2".

The studio also reminds the crowd that "The SpongeBob Movie: Sponge Out of Water", "Hot Tub Time Machine 2", "The Gambler", "Project Almanac", "Terminator: Genesis", "Friday the 13th (2015) 3D", and "Mission: Impossible V" are lined up for 2015. Exclusive footage for "Transformers: Age of Extinction", "Hercules", and "Teenage Mutant Ninja Turtles" are shown as well.

Disney, meanwhile, treats audience to first footage of "Star Wars Episode VII" with a video message from J.J. Abrams from the Abu Dhabi set. Marvel sends Kevin Feige to screen footage of "Avengers: Age of Ultron" and "an interview montage from 'Ant-Man', including contributions from [director] Peyton Reed."

According to The Hollywood Reporter, "Cinderella", "Into the Woods", and Pixar's "Inside Out" are previewed as well along with "extensive" footage from James Gunn's "Guardians of the Galaxy" that included the opening sequence. Unfortunately, no description for the screened footage is available at the moment.

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