Walt Disney plans to release new installments in both the "Star Wars" and "Frozen" film franchises, the company said on Thursday.
CEO Bob Iger, speaking at Disney's annual shareholder meeting, said the eighth installment in the sci-fi series will come out on May 26, 2017. While it didn't point to a specific release date, the media giant also confirmed that it is working on a sequel to the 2013 animated hit "Frozen."
Disney shares were trading nearly 4 percent higher on Thursday afternoon.
Disney said that a spinoff from the "Star Wars" franchise set for release in December 2016 will be called "Rogue One." The seventh film in the franchise, titled "The Force Awakens" is set to hit theaters this December.