Pixar's Monsters, Inc. Returns: Third Instalment in the Works

Pixar has announced the development of a third 'Monsters, Inc.' movie, building on the success of the previous two films. The franchise, which began in 2001, follows monsters Sulley and Mike. The films have been box office hits. Further details about the new film remain undisclosed.

Pixar Animation Studios is ramping up production on a third instalment of its beloved franchise, 'Monsters, Inc.', according to Variety. The news comes as the studio continues to build on the success of its first two films, 'Monsters, Inc.' and 'Monsters University.'

Directed by Pete Docter, the original 'Monsters, Inc.' debuted in 2001 and followed the adventures of monsters Sulley and Mike as they navigated their roles at a company that thrives on scaring children. The film was a critical and commercial hit, grossing over USD 528 million worldwide.

The sequel, 'Monsters University,' released in 2013 and directed by Dan Scanlon, explored the duo's college days. It exceeded expectations at the box office with earnings surpassing USD 700 million. While further details about the upcoming film remain guarded, Pixar is also reportedly working on sequels for 'Toy Story,' 'The Incredibles,' and 'Coco.'

(With inputs from agencies.)