According to AP reports, there was a press briefing at The Walt Disney Co. headquarters in Burbank yesterday with studio chairman Rich Ross.  Ross announced that there will be a sequel to the 2001 Disney/Pixar film Monsters, Inc.

The sequel is tapped to hit the big screen November of 2012.

No other details about the film (returning cast, story, 3D or not) have been released yet but we will definitely keep you updated as we hear more!