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Disney's not ready to let it go and NEITHER ARE WE! The company has confirmed Frozen 2 is HAPPENING.

Disney execs confirmed long-awaited rumors of a Frozen follow up at its shareholders meeting Thursday. Animator John Lasseter said after making the short film Frozen Fever to premiere before Disney's new Cinderella feature this weekend, they came up with a great idea for a sequel to the 2013 hit. 

Frozen has become the highest-grossing animated film of all time, having made more than $1.2 billion at the worldwide box office.  

Joining Lasseter for the sequel announcement, according to TheWrap, were Disney CEO Bob Iger and actor Josh Gad, who voiced Olaf -- the very much alive snowman -- opposite Idina Menzel's Elsa and Kristen Bell's Anna. 

Backstage with #JohnLasseter after announcing #Frozen2. As you can see we are not mildly excited.

A photo posted by Josh Gad (@joshgad) on

Photo: YouTube