Children of the ’80s rejoice! The classic animated adventures of The Transformers and G.I. Joe are alive, well and headed for DVD!

Shout! Factory and Hasbro, Inc. have announced a multi-year, multi-property alliance to bring the original animated TV series The Transformers and the G.I. Joe: A Real American Hero animated series to DVD.

The announcement was made by Shout! Factory founding partners Richard Foos, Bob Emmer and Garson Foos, and Lisa Licht, General Manager, Entertainment & Licensing, Hasbro.

Shout! Factory’s first release under the agreement will be The Transformers: The Complete First Season — 25th Anniversary Edition.

The set is slated for June 16, 2009, a week before the big-screen debut of the Michael Bay-directed feature film sequel Transformers: Revenge of the Fallen, which hits theaters nationwide on June 24, 2009.

The $29.99 three-DVD set will include the original broadcast versions of all 16 episodes from the 1984 season in the intended storyline order, with remastered picture and a new stereo soundtrack created from the original audio. The Rhino releases featured incomplete work prints of episodes and modified sound effects.

Tentative extras include the featurette “Triplechanger: From Toy to Comic to Screen: The Origins of the Transformers,” a printable script, rare PSAs, toy commercials and a limited-edition Autobot magnet.

Foos said Shout! Factory would follow the release with special complete-series sets of “The Transformers” and “G.I. Joe” later this summer.