Disney Shares Rise 4% After Frozen Sequel Announced

Shares of Walt Disney Co. rose 4.2% to close at an all-time high Thursday, after the company announced a sequel to 'Frozen,' which the entertainment giant boasted as being the highest grossing animated film ever. The company announced "Frozen 2," which will include the creative team and cast from the first film, during the annual shareholder's meeting Thursday. A release date hasn't been announced. The company also announced that 'Star Wars: Episode VIII' will be in theaters May 26, 2017 and the first "stand-alone" Star Wars movie called 'Rogue One' will be released December 2016.