It's official: Toy Story 4 is happening!

Disney announced that Pixar is moving forward on Toy Story 4 at their earnings call with analysts earlier today. Not much about the sequel was released. It was confirmed that John Lasseter will be directing, and that Toy Story 4 will be released in June of 2017. Disney has issued an official press release for Toy Story 4, which reveals that Rashida Jones and Will McCormack have joined the writing team.

Nearly two decades after Pixar Animation Studios created the world's first computer-animated feature film with Toy Story, it revealed plans for Disney Pixar's Toy Story 4, an adventure that returns audiences to the world of the studio's signature characters.

John Lasseter, director of the original Toy Story and Toy Story 2, will direct the film, which opens a new chapter in the lives of Woody, Buzz Lightyear and the Toy Story gang. The story was dreamt up by Lasseter, Andrew Stanton, Pete Docter and Lee Unkrich, the storytellers who have been the driving force behind all three Toy Story films.

Here's what John Lasseter had to say in a statement.

"We love these characters so much; they are like family to us. We don't want to do anything with them unless it lives up to or surpasses what's gone before. Toy Story 3 ended Woody and Buzz's story with Andy so perfectly that for a long time, we never even talked about doing another Toy Story movie. But when Andrew, Pete and Lee and I came up with this new idea, I just could not stop thinking about it. It was so exciting to me, I knew we had to make this movie-and I wanted to direct it myself."

Writing team Rashida Jones and Will McCormack (Celeste and Jesse Forever) joined the project, and Pixar veteran Galyn Susman (ABC's Toy Story of TERROR! and Toy Story That Time Forgot) is producing.

The film is slated for release on June 16, 2017.