Welp, looks like that fantastically ridiculous giant shark film The Meg might just become a franchise as studio officials have confirmed that a sequel is in the works and hallelujah for all the shark lovers, haters and fearers.

At the recent U.S.-China Entertainment Summit in Los Angeles at the Skirball CenterThe Meg executive producer Catherine Xujun Ying revealed that a second film is in v. early stages, causing much excitement at the event.

“That is definitely the plan,” said Ying when asked if the film becoming a franchise was a possibility.

“It’s still in the very early stages, but we’re working on it. We’re trying to keep it secret at this time,” she added.

Big Shark Film ‘The Meg’ Is Getting A Sequel So Kiss Yr Beach Bum Days Goodbye

well shit

Deadline reports that The Meg 2 hasn’t officially been greenlit by Warner Bros just yet and therefore screenwriters have not yet been enlisted for the project but following the success of the first flick, the sequel would have to be a next level concept.

The Meg is the most successful U.S.-Chinese co-production to date at $527.8M beating the previous Sino-co-production champ, Kung Fu Panda 3 at $521.1M and boasted a sick cast including Jason Statham, Rainn Wilson, Li Bingbing and Ruby Rose, although it has not yet been confirmed if any of the aforementioned stars will reprise their roles.

Just for shits and gigs, let’s relive the stupidly OTT action of the first flick via the trailer:

Image: The Meg