Let it go (on)! The Walt Disney Co. has announced plans to make a sequel to the animated mega-hit Frozen.
At the company's annual shareholders meeting in San Francisco on Thursday, Disney executives officially announced plans for Frozen 2.
Since its release in November 2013, Frozen has become a juggernaut for Disney. It made nearly $1.3 billion at the global box office and generated a massive merchandising revenue stream. The film also won the Oscar for best animated feature. Because of that enormous success, a sequel has been widely expected.
Walt Disney Co. chief executive Bob Iger says directors Chris Buck and Jennifer Lee will return for the sequel.
A Frozen short is to play in front of Disney's latest release, Cinderella, which opens in theatres Friday.