During Disney’s annual shareholder meeting, John Lasseter, CCO of Pixar, officially announced that “Frozen 2” is in development.

The company revealed plans during the Walt Disney Company’s annual shareholders meeting on Thursday from San Francisco.

The first film’s director Jennifer Lee and Chris Buck are developing the project.

John Lasseter, chief creative officer at Pixar, Walt Disney Animation Studios, and DisneyToon Studios, made the announcement with Bob Iger.

The sequel doesn’t come as much of a surprise, considering how the first film continues to be a major moneymaking force for Disney’s divisions since its release Nov. 22, 2013.

“Frozen” generated nearly $1.3 billion at the box office and has become a merchandising juggernaut, breaking sales records on homevideo and at Disney’s stores.

Source: Variety

 

Joe Hogarty