Bob Iger made the announcement just now at the Disney shareholder meeting, where they are showing the short Frozen Fever to stockholders before it goes out tonight in front of the company’s Cinderella in theaters. Frozen co-directors Jennifer Lee and Chris Buck will both be involved in the sequel, Iger says, as will original producer Peter Del Vecho. No production details or relase date yet.

Frozen, released in 2013, broke records both in the U.S. and in Japan when it bowed around Thanksgiving. The animated film has grossed $400.7 million domestically and $873.4 million internationally for a total worldwide take of over $1.2 billion. The film also spawned a successful merchandising line in the little girls category as well as prompted a legit stage show which is currently in development. It won the Animated Feature Oscar in 2014.

“We enjoyed making Frozen Fever so much and being back in that world with those characters,” said John Lasseter, who also made the announcement along with Josh Gad, who voiced Olaf the snowman. “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.”