Disney drawing ‘Monsters Inc.’ sequel

Variety reports that Disney is gearing up a sequel for Monsters Inc which makes it the third Pixar animation to go sequel. Toy Story and Cars being the others. Monster Inc grossed 525 million worldwide.

Studio has dated Pixar’s “Brave” for June 15, 2012 while also confirming a sequel to “Monsters Inc.,” which will be released on Nov. 16, 2012.

Mouse House chairman Rich Ross made the announcement Thursday afternoon on the studio lot.