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is in development at Walt Disney Animation Studios with directors Chris Buck and Jennifer Lee and producer Peter Del Vecho, the Oscar-winning filmmaking team behind

The news was announced at this morning’s Annual Meeting of Shareholders by Bob Iger, Chairman and Chief Executive Officer of The Walt Disney Company; John Lasseter, Chief Creative Officer of Walt Disney and Pixar Animation Studios; and actor Josh Gad (voice of Olaf and all-around cool dude).

We don’t have an official release date for the film yet, but we do have so many hopes and dreams and excited screams and are jumping up and down! We can’t believe this is real life!!

Some GIFs that represent our feelings (they are of escalating size but equal status in our hearts):

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