The most exciting news to drop out of the Cannes film festival so far is that the third 'Paddington' movie has an official production date.
The first 'Paddington' movie and its sequel hit cinemas in 2014 and 2017, respectively.
The second film was particularly popular among fans and critics and holds a 99% approval rating on Rotten Tomaties.
StudioCanal was celebrating its 30th anniversary at Cannes when the announcement was made.
The movie studio announced a huge slate of movie and TV projects, revealing that cameras will start rolling on 'Paddington 3' in the second quarter of 2022.
A director and cast has yet to be announced, though it is expected all the usual suspects (including Ben Whishaw as the voice of the bear) will return.
Paul King, who directed the first 'Paddington' and its sequel, won't be back at the helm as he's committed to shooting the 'Willy Wonka' prequel.
He will at least exec produce and has written the story with previous collaborators Simon Farnaby and Mark Burton. Burton, Jon Foster and James Lamont are penning the script.
"Our beloved bear is truly part of the family," said StudioCanal CEO Anna Marsh.
Indeed, if the responses on Twitter are anything to go by, Paddington Bear is beloved in the hearts of many.
A few even threw in suggestions for who should play the villain next, after Nicole Kidman and Hugh Grant played the part so exquisitely in the first and second 'Paddington' movies.