The sequel to the Disney/Pixar 2001 smash Monsters, Inc. has been officially announced, and will be titled Monsters University, with a November 2nd, 2012 release date over ten years after the original was released.

No definite word on the premise, but rumors are persisting that the flick is a prequel that will explain how Mike Wazowski (Billy Crystal) and James P. Sullivan (John Goodman) became friends during their college days at the University of Fear!

Monsters, Inc. is one of the best Disney movies! Count me in! Will you go see this?