Disney CEO Bob Iger announced the news at the beginning of a conference call with reporters, describing the success of the first film as "a great illustration of why we like Marvel so much."
Over the weekend, The Avengers broke box-office weekend records with a whooping $207 million opening, earning the second-highest single day gross of all time (after "Harry Potter and the Deathly Hollows Part 2"). And that is also not including that the film has accumulated over $500 million overseas alone, bringing the grand total to about nearly $744 million. The Avengers is currently estimated to reach $1 billion by this Sunday! So yea, I believe that means there will be a sequel.
There has even been some good ol' fashioned fan rivalry going on over the success of The Avengers and how it will do against the upcoming Batman movie 'The Dark Knight Rises'. The Avengers has already taken the title from the Dark Knight for being one of the fastest movies to reach 250 million opening weekend. So Batman, you have some big shoes to fill.
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(Source) Nerd Reactor, Huffington Post, Wikipedia
-Alexander Gothelf
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