Disney Chairman and CEO Robert A Iger revealed on Tuesday that Pixar is working on a sequel to 2004's animated comedy 'The Incredibles', during the company's annual shareholders meeting in Oregon.
Iger said 'The Incredibles 2' as well as 'Cars 3' are both in development, with director Brad Bird formulating the sequel's plot. No timeline was given on their releases, but an announcement on the Disney Pixar Facebook page just made it official.
'Cars 2' was released in 2011 with Disneytoon Studios taking over the property for a spinoff feature, 'Planes', that was released to the big screen last year.
A sequel to that film, 'Planes: Fire & Rescue' is set for release on July 18.
The news comes a day after Pixar's director of 3D production Josh Hollander said 'The Incredibles' would be re-released in 3D. It had grossed more than $630 million at the box office worldwide. Meanwhile, 'Cars' and 'Cars 2' raked in nearly $462 million and $560 million, respectively.