Lionsgate has begun developing Now You See Me 3, a year before it releases Now You See Me 2 on June 10, 2016, as part of its strategy to focus on franchises.

CEO Jon Feltheimer made the disclosure Friday during the company’s conference call with analysts to discuss quarterly earnings. “We’ve already begun early planning for ‘Now You See Me 3,‘” he said.

Feltheimer said production has wrapped on Now You See Me 2 has wrapped. Mark Ruffalo, Woody Harrelson, Jesse Eisenberg, Isla Fisher, Dave Franco, Morgan Freeman and Michael Caine will reprise their roles. Jon M. Chu is directing the sequel from a script by Ed Solomon and Pete Chiarelli.