Los Angeles, March 8 The third installment in the acclaimed animated franchise "Monsters, Inc." is in development at Pixar.
According to the entertainment news outlet Variety, the news was announced in the Wall Street Journal.
Directed by Pete Docter, the first film, released in 2001, centered around two monsters, Sulley and Mike, who work for an energy company that requires them to scare children. However, things change after they meet a human girl.
The second film, "Monsters University", was released in 2013 and was directed by Dan Scanlon. It followed Mike and Sulley as they join Monsters University in order to graduate as the scariest monsters on the planet.
Both films were massive successes for Pixar, with the first film grossing over USD 528 million at the box office, and the second installment exceeding USD 700 million.
More details about the upcoming film are being kept under wraps.
Besides "Monsters, Inc.", Pixar is also working on "Toy Story 5", "The Incredibles 3", and "Coco 2", among others.