Online rumors that a location agreement for "Transformers 4" includes the destruction of Beijing landmarks are completely unfounded. Marc Ganis, president of Jiaflix Enterprises, which negotiated the agreement with Pangu Plaza, said today the contract does not include any storyline related matters.

"The content of Transformers 4 will be determined by one man, director Michael Bay," said Ganis. "Any rumors or reports to the contrary are completely false and without any merit."

"Pangu Plaza is an extraordinary and iconic building that will make a memorable visual in the movie, especially set against the beautiful National Stadium, National Aquatic Center and Olympic Green that invited the world to Beijing in 2008," Ganis continued. "How this unique building is presented will be entirely up to Michael and his exceptional team. There is nothing in the (Pangu Plaza) agreement that relates to any other facilities or the Transformers 4 storyline."

The agreement was signed on June 18 at this year's Shanghai International Film Festival. Representatives from Paramount Pictures, Jiaflix Enterprises and Beijing Pangu Investment announced the deal.

Another online rumor, that Pangu Plaza is investing in "Transformers 4," is also false said Ganis.

"In many ways its flattering that the passion fans have for the Transformers movies leads them to seek out and sometimes create rumors about upcoming films. But its important that these rumors not portray themselves as news, as these most recent inaccurate rumors did" said Ganis. "Fans will fall in love again with the incredible story Michael has created and the absolutely extraordinary way he presents his vision on the screen."

Production of "Transformers 4" has already begun in the United States. The film will include scenes shot in a number of locations in China. It is scheduled for release in the United States on June 27, 2014. The Chinese release date has not yet been determined.

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