Transformers Sequel Moves Ahead With Lower BudgetAP: Executive Producer Steven Spielberg confirmed today that the script for Transformers 2 is already complete. However, Speilberg admits that the recent downturn in the economy has forced them to work with a "significantly lower" budget.
"The first movie relied on Dreamworks to create stunning visual effects. We were also able to sign relatively unknown Shia LaBeouf and Megan Fox for the two lead roles. Since then, things have changed. Those actors now command a lot of money, plus, a lot of us were affected by the whole Madoff thing."
"We had to make a few compromises for the sequel to come in under budget. For one thing, we're replacing the actors with dogs. Also, instead of using computer effects, we're going to be working mostly with cardboard."
The Viacom-owned studios have set a tentative release date for June 26, 2009.
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