Oscar-winning director Brad Bird is helming Incredibles 2, the follow-up to his hit 2004 film that grossed north of $633 million globally following its early November launch, including $261.4 million domestically. Its $70.4 million launch domestically was the second-biggest opening at the time for an animated title.

The mid-June corridor has always been a favorite landing place for Pixar movies. Toy Story 3 debuted on June 18, 2010, on its way to earning a record-breaking $1.067 billion at the global box office, becoming the first animated movie to join the billion-dollar club, not accounting for inflation. (Disney Animation Studios' Frozen and Zootopia and Pixar's Finding Dory, along with Universal and Illumination Entertainment's Minions, would later become members of that club as well.)

Pixar has been cautious when it comes to making sequels. Walt Disney Company CEO Bob Iger announced the Incredibles 2 sequel in March 2014, a full decade after the first film played in theaters.