Disney planning 'The Incredibles' and 'Cars' sequels

Disney chairman Bob Iger has revealed that they are currently in the process of writing a sequel for their hit animated film 'The Incredibles'.

During Disney Investor's Meeting, Iger said that Disney is also planning a third sequel for its 'Cars' franchise, the Verge reported.

'The Incredibles' director Brad Bird had won his first Oscar for Best Animated Feature in 2004 for his animated film about the superhero family.