Cars 3 movie confirmed

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You know that the Cars franchise has been a box office success and today, Disney CEO Bob Iger has told for Variety that Pixar is working on the third installment of the movie.

For now, there is no word on plot details or a release date, but according to Iger, the new Cars 3 will reunite Lighting McQueen and Mater with a handful of other familiar characters.

Nothing is official, but according to rumors, Owen Wilson will return to voice the character of Lighting McQueen.

“Cars 2,” Pixar’s 12th film, earned nearly $560 million worldwide in 2011; $191 million in the U.S. While somewhat of a critical disappointment, the film, directed by John Lasseter, still minted millions for Disney from consumer products like toys, apparel and other merchandise, a series of “Cars Toons” shorts, and helped spin off the company’s newest franchise, “Planes,” a film that was originally developed as a direct-to-home video title but went on to launch its own toy line and earn around $220 million worldwide when it was released theatrically in 2013. A sequel, “Planes: Fire and Rescue” bows July 18.

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