Lionsgate has begun developing “Now You See Me 3,” a year before it releases “Now You See Me 2” on June 10, 2016, as part of its strategy to focus on franchises.

CEO Jon Feltheimer made the disclosure Friday during the company’s conference call with analysts to discuss quarterly earnings. “We’ve already begun early planning for ‘Now You See Me 3,'” he said.

Feltheimer said production has wrapped on “Now You See Me 2.” Mark Ruffalo, Woody Harrelson, Jesse Eisenberg, Dave Franco, Morgan Freeman and Michael Caine are reprising their roles while Lizzy Caplan has replaced Isla Fisher.

Feltheimer said Lionsgate believes that the movie will top the $350 million grossed by the original comedy caper in 2013.

Jon M. Chu is directing the sequel from a script by Ed Solomon and Pete Chiarelli. Producers are Alex Kurtzman and Bobby Cohen.

Lionsgate has seen strong performances from its “Twilight,” “Hunger Games” and “Divergent” franchises and recently announced the plans for a sequel to Keanu Reeves’ “John Wick.”