'Frozen 2' Is Officially Happening

03/12/2015 02:08 pm ET | Updated Mar 12, 2015

"Frozen 2" is officially a go, Disney announced at the company's annual shareholders meeting in San Francisco on Thursday.

John Lasseter, chief creative officer at Pixar, Walt Disney Animation Studios and DisneyToon Studios, made the announcement with Bob Iger. According to reports. Lasseter said that the team "had so much fun making the short 'Frozen Fever' that it was excited to make a sequel." Josh Gad, who voiced Olaf in the first film, also joined the meeting.

The sequel doesn't have a release date or a plot line just yet, but the news comes a few months after directors Chris Buck and Jennifer Lee insisted that a second film was not yet in development. Earlier this month, Buck told The Huffington Post that they would take a breather from "Frozen" projects. "It was really nice to do a short and just get back with these characters who we love without the pressure of having to do a huge sequel," he said about working on the short film, "Frozen Fever." "We're going to take a little bit of a break from the 'Frozen' stuff before diving into anything else."

But "Frozen 2" is no surprise, considering "Frozen" made $1.219 billion at the box office and became the top-grossing animated movie of all time.

Kristen Bell, who voiced Anna, is clearly excited:

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