Andrew Stanton to direct 'Finding Nemo 2'

Andrew Stanton will direct the upcoming sequel to Finding Nemo (2003), as he did with the original film.

The film has a tentative release date of 2016.

Disney reportedly has confidence in Stanton even though his previous film, the $200 million budgeted John Carter (2012), was a box office disaster. But the studio reportedly likes Stanton’s idea for a Nemo sequel.

Victoria Strouse will write the screenplay for the sequel while Lindsey Collins will produce the film.

The original Nemo won the Academy Award for Best Animated Picture and is set for a re-release in 3D Sept. 14. Stanton also won an Oscar in the same category for his film Wall-E (2008).

Disney is also rumored to be working on a third sequel to its smash hit Toy Story (1995).

Tom Hanks, who voiced the character of Woody in the film and its two sequels, reportedly said that Toy Story 4 was being worked on, but no other details have emerged.