At the company's annual shareholders meeting in San Francisco on Thursday, Disney officially announced that they will be making a sequel for their mega-hit film, Frozen.

Chief creative officer John Lasseter of Walt Disney and Pixar Animation Studios made the announcement. With him were Disney chief Bob Iger and Josh Gad, who voiced the lovable snowman Olaf in the first film.

On that note, directors Chris Buck and Jennifer Lee will return to direct the second film. The two have recently made an animated short with all of the favorite Frozen characters called "Frozen Fever" which will release with Disney's live-action adaptation of their classic film, Cinderella. Cinderella comes to theaters on March 13.

Lasseter said, "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."

Along with the sequel and "Frozen Fever," Disney is also working on a Broadway musical adaptation, which will be directed by Alex Timbers.

Lasseter isn't the only one excited for a Frozen sequel. Actress Kristen Bell, who voiced Anna, announced on Twitter than she will be reprising her role as the bubbly and fun character. She posted a picture of her resting her head on a bag of ice with the caption, "Dreams really do come 2!!! #FROZEN2."

Specifics for the plot or a release date have not been announced by Disney.

Frozen turned out to be a huge success since its November 2013 debut. According to The Huffington Post, the film made $1.3 billion at the worldwide box office and became the top-grossing animated movie of all time. The film also won an Oscar for best animated film and best original song ("Let It Go").