It's official, the much anticipated sequel 'Frozen 2' is a go. As reported in this article at Variety, Disney is officially pushing forward with another installment of 'Frozen', the Disney mega blockbuster that grossed over $1.3 billion in the box office during its theatrical run.

'Frozen', in addition to its incredible run at the box office, has garnered impressive merchandise sales for the company and continues to be highly regarded with both casual moviegoers and professional critics alike. The movie easily took home the Oscar for Best Animated Feature and has revitalized the once stagnant Disney animated movie brand.

Disney is looking to replicate the same formula that made 'Frozen' a success by bringing back directors Jennifer Lee and Chris Buck. While nothing has been confirmed, it is assumed that the original voice cast will reprise their roles. Actor Josh Gad, the voice of Olaf the Snowman, was on hand as the announcement was made.

John Lasseter, Disney's Chief Creative Officer, spearheaded the announcement alongside Disney executive Bob Iger. Lasseter, of course, has been instrumental in making Disney the creative force that it is today, first with his work at Pixar Studios, and now with Disney.

Lasseter added that the upcoming short film 'Frozen Fever' played a big role in Disney's decision to create a sequel. "We enjoyed making 'Frozen Fever' so much and being back in that world with those characters. Jennifer Lee and Chris Buck have come up with a great idea for a sequel and you will be hearing a lot more about it and we're taking you back to Arendelle. We are so excited about that," he said.

So far, an exact release date has not been given nor an indication of production details of any kind. Still, don't expect 'Frozen 2' to come out soon as animated movies, particular one of such great importance as this one, take a long time to complete.