Fans of the TV film High School Musical will be delighted by this news - Disney is making a new TV sequel AND a spin-off for the big screen.
Haunted High School Musical will be released in cinemas across the country in 2008, but Disney are keeping tight-lipped about the plot.
If you can't wait that long, it's also planning to release High School Musical 2 on its cable network this summer.
The original film was a surprise hit with kids around the world in 2006.
More than 100 million people in over 100 countries have seen the film, which tells the story of two pupils who fall in love while auditioning for a play.
Critics slammed the film but you loved it. Its success saw the soundtrack become the top-selling CD of 2006 and led to a sell-out concert tour in America.