《冰雪奇缘》 2 Announced!! 

Disney officially announced plans to produce a sequel to “Frozen.”

The company revealed plans during the Walt Disney Co.’s annual shareholders meeting on Thursday from San Francisco.

The first film’s directors Jennifer Lee and Chris Buck are developing the project with producer Peter Del Vecho for Walt Disney Animation Studios, which took home the Oscar for animated feature for the film.

John Lasseter, chief creative officer of Walt Disney and Pixar Animation Studios, made the announcement with Disney chief Bob Iger, and Josh Gad, who voices the character of Olaf in “Frozen.”

The sequel doesn’t come as much of a surprise, considering how the first film continues to be a major moneymaking force for Disney’s divisions since its release Nov. 22, 2013 — and helped reinvigorate Walt Disney Animation Studios.

See More:How Long Can ‘Frozen’ Fever Last for Disney?

“Frozen” generated nearly $1.3 billion at the box office and has become a merchandising juggernaut, breaking sales records on homevideo and at Disney’s stores.

Outside of a Broadway show and the animated short “Frozen Fever, “Disney has kept its “Frozen” sequel plans quiet until now.

“Frozen Fever,” which reunites the toon’s characters and song writers, will unspool in front of Disney’s live-action adaptation of “Cinderella,” out in theaters this weekend.

“We enjoyed making ‘Frozen Fever’ so much and being back in that world with those characters,” Lasseter said. “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.”

Disney used its shareholder meeting to also announce details of its next “Star Wars” films, with Rian Johnson’s “Star Wars: Episode VIII,” to bow May 26, 2017, and Gareth Edwards’ standalone “Star Wars” film, “Rogue One” to star Felicity Jones and be released Dec. 16, 2016.

SEE ALSO: Marvel's Merchandise Plan for 'Avengers: Age of Ultron:' 'Make the Big Bigger'

Want Entertainment News First? Sign up for Variety Alerts and Newsletters!

Why would they? It’s making them millions and kids absolutely love it. No one said you have to watch it.

Great, along with Fifty Shades of Boring, this will give the media something else to obsessed about at nauseating levels.

Wonderful! I really hope it will contain a lot of Hans, he is such an interesting character!

Anna gets fire powers and accidentally causes a drought throughout the land. Elsa, Christoph, Olaf, and their new cactus friend Pokey must race against the clock to discover a way to save the day.

Lol I smell another Oscar along with 20 more new just as annoying songs

To quote a character from another Disney animated feature: “What a surprise. I almost had a heart attack and died from such a surprise.”

I doubt they look at inexperienced fan fictions for ideas when they have a staff at Disney that get paid just for coming up with ideas.