Chris Pratt and Bryce Dallas Howard in Jurassic World.
July 24, 2015 8:12 AM EDT

Jurassic World, the latest movie in Steven Spielberg’s popular Jurassic Park franchise, has already made Universal Pictures a tidy profit.

The film, with a budget of $150 million, has raked in a jaw-dropping $1.5 billion worldwide. That comes out to a neat 1,000% return, just six weeks into its run.

Unsurprisingly, Universal Pictures has decided that this sort of performance warrants another go, with the studio announcing that it has given the unnamed sequel a green light, the BBC reports. The movie, slated for 2018, will once again feature star Chris Pratt, Executive Producer Steven Spielberg, and writer/director Colin Trevorrow.

More Must-Read Stories From TIME

Contact us at

Read More From TIME
You May Also Like