Washington, March 21 -- Disney has confirmed that a sequel to the beloved animated film 'Coco' is officially in the works.

According to The Hollywood Reporter, 'Coco 2' is scheduled for a theatrical release in 2029. Disney CEO Bob Iger shared the exciting news with fans and investors at the company's Annual Shareholder Meeting.

Though the project is still in its early stages, Iger's announcement has left audiences eager for more details.

"While the film is just in the initial stages, we know it will be full of humour, heart, and adventure, and we can't wait to share more soon," Iger said, according to The Hollywood Reporter.

The sequel will bring back the key members of the creative team from 'Coco', including director Lee Unkrich and...