Disney Confirms Frozen 2 In Development

(RTTNews) - Surprising absolutely nobody, Disney is set to make a sequel to its smash hit children's film Frozen.

Frozen 2 was announced during the Disney's shareholders call Thursday afternoon, with Chris Buck and Jennifer Lee returning to develop the film.

Josh Gad will reprise the role of Olaf.

There were few other details offered by the company today and no release date has been announced.

"We enjoyed making Frozen Fever so much and being back in that world with those characters," said John Lasseter, Chief Creative Officer of Walt Disney and Pixar Animation Studios.

"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."

Frozen has been a blockbuster in every sense for Disney. It is the highest grossing animated film of all time, generating nearly $1.3 billion at the box office.

The franchise also spawned countless merchandising opportunities for Disney, helping the entertainment giant batter Wall Street earnings estimates last year.