Marvel released Shang-Chi and the Legend of the Ten Rings back in September, and now it's becoming a new franchise! On Monday, The Hollywood Reporter announced that the superhero movie is officially getting a sequel, with details revealed about who's returning for the project.

Shang-Chi director also working on new Marvel series

Shang-Chi was a box office hit, bringing in $431.9 million worldwide. Since the martial arts-based superhero movie has already become a fan favourite, it's not surprising that it's been given the go-ahead to expand into a franchise! The Hollywood Reporter shares that the film's co-screenwriter and director, Destin Daniel Cretton, is on board for the as-yet-untitled followup.

Canadian star Simu Liu, who plays the titular role, made a humorous tweet about the sequel announcement. "Flopped so hard we got a sequel!!" Liu said in response to the news, referencing pre-release claims that Shang-Chi wouldn't perform well in theatres. It was also revealed that Cretton has created his own production company, Family Owned, and will be partnering with Disney+ to produce new content— including a Marvel television series!

Xialing (Meng'er Zhang), Shang-Chi (Simu Liu), and Katy (Awkwafina) in Shang-Chi and the Legend of the Ten Rings

The president of Marvel Studios, Kevin Feige, called Cretton "an amazing collaborator who brought a unique perspective and skill" to the movie. He also mentioned that the director "has so many intriguing ideas for stories to bring to life" through the streaming platform. While it is currently unknown what the Marvel series under development is, fans have speculated it could be a spinoff featuring Meng'er Zhang's "Xialing," thanks to Shang-Chi's post-credit scene.