Disney fans will not be seeing the sequel for the widely-popular 'Frozen' just yet as the producers are reportedly not in a hurry to make a follow-up to the movie.

What's more is that Disney has yet to officially announce a sequel to 'Frozen', which premiered almost a year ago, and became a huge hit while developing a massive following.

On that note, 'Frozen' amassed a whopping quarter billion dollars making it the fifth highest grossing movie ever.

According to a report by iDigital Times, the creators of the film are still taking their time in creating 'Frozen 2', as the multimedia giant has their sights set on generating profit from from DVDs, merchandise, video games, to its very own Broadway show.

Disney CEO Bob Iger shared that the company does not want to disappoint fans that's why they are still taking their time in perfecting the storyline.

"In order to make the perfect movie sequel, the filmmakers have to write the perfect follow-up story for it. Otherwise, 'Frozen' won't be as good anymore and that would surely disappoint everyone," said Iger in a statement.

Meanwhile, for those who cannot wait for the release of the movie, a sing-a-long soundtrack 'Frozen' DVD is set to arrive this coming November.

Aside from that, The Independent reports that a short film, aptly named 'Frozen Fever' starring much-loved characters Elsa, Anna, Olaf is set to return in Spring 2015, and is rumored to be shown in cinemas before Kenneth Branagh's live action 'Cinderella' remake next March.

The synopsis of the film reads, "It's Anna's birthday and Elsa and Kristoff are determined to give her the best celebration ever, but Elsa's icy powers may put more than just the party at risk."

The short film will feature yet another song from the Robert Lopez and Kristen Anderson-Lopez, the duo who created the song that became super popular world wide, "Let it Go."