Transformers Generation 1 fans will be pleased with this news because Hollywood Reporter has reported news that a new Transformers animated series in the works and it will be based on the Combiner Wars storyline.

Here's the full report that was posted at the website:

“The Transformers are coming to Machinima.

Hasbro, the toy company-now-play brand, has partnered with the online gamer and video platform to produce a new animated series based on its Transformers: Combiner Wars line.

Combiner Wars is a storyline that has been playing out across Hasbro’s toys and IDW comic books for the past year and the upcoming Activision video game Transformers: Devastation.

Insiders say it’s the first time these many synergistic elements have been combined by Hasbro to tell an overall story.

Additionally, Habsro is giving something a segment of its large Transformers audience has been demanding for years, namely an animated series aimed at an older audience.

“Our audiences are huge fans of the toy, comics, movies and video games, and for us to continue the legend with the Combiner War is a unique story-telling opportunity,” said CCA Daniel Tibbets.

Said Hasbro’s senior vp of the Transformers franchise, Tom Warner: “(Machinima is) the perfect partner to help launch a totally new kind of Transformers animation—one that, for the first time ever, is specifically designed for the teen and adult fans who’ve grown up loving the Transformers brand.”

Without going to deep into the complexities of the Transformers universe, Combiner Wars saw groups of Transformers be able to combine into one giant robot, known as a Combiner. Superion and Menasor were among the new robots that held the fate of the Transformers’ homeworld Cybertron in their hands.”

Finally this the news that older Transformers fans (like myself) are waiting for: a new Generation 1 series. Though there are no further information as of yet regarding the upcoming animated series, we'll just have to stay tuned for further developments.