It’s official folks, a sequel to last year’s action-comedy RED, starring Bruce Willis, Morgan Freeman, Helen Mirren and John Malkovich is to roll into production soon. We have no details on specific dates, but we have posted the full press release announcing the film below.

A sequel to RED is on. Summit has hired brothers Erich and Jon Hoeber, who wrote the script for the hit action movie, to return to the keyboard to pen a second instalment. Although there are no confirmed deals at this stage with the original film’s stars Bruce Willis, Helen Mirren, John Malkovich, Summit is pulling the trigger for a second helping of over-the-hill special ops agents shoot-’em-up.

The movie, with a budget in the $60 million range, opened to $21 million in October and proved to have staying power, crossing the $90 million mark. It has made more than four times its opening, a rare feat in box-office performance. The movie also was nominated for Best Picture in the Comedy / Musical category at this year’s Golden Globe Awards.

In addition to writing Red, Erich and Jon Hoeber worked on Battleship, Universal’s big-budget adaptation of the Hasbro board game, and then came back to Summit to work on its Sam Worthington thriller Man on a Ledge. Ledge is currently shooting in New York.

RED is based on the cult D.C. Comics graphic novels by Warren Ellis and Cully Hamne, and is an explosive action comedy about a team of Retired and Extremely Dangerous CIA Operatives. The film released on DVD and Blu-ray in the UK on 14 February from Entertainment One.