The film stars Hugh Jackman as circus pioneer PT Barnum and the Australian actor wowed fans at the Brit Awards this week when he opened the show with a performance from the movie.
After being released in 2017, The Greatest Showman became a global success, grossing more than 434 million US dollars – about £332 million – worldwide.
Its soundtrack achieved similar success and was the best-selling album in both the US and UK last year.
Director Michael Gracey confirmed a sequel was being worked on.
“When a movie becomes as big a success as this, it’s only natural there is demand for a sequel.
“So those discussions have started and we are working on one right now.”
No further details are available and it is unknown if the follow-up will take place after the events of the first or whether it will be a prequel.
The Greatest Showman also starred Zac Efron and Michelle Williams and spawned hits including This Is Me and Rewrite The Stars.
Also this week, after his Brits 2019 opening performance, Hugh Jackman confirmed Robbie Williams would join him on his world tour. The actor is hitting the road in May for an arena tour which will see him perform songs from his film The Greatest Showman as well as tunes from Les Miserables and other Broadway classics.
He told Capital’s Marvin Humes that Williams would be joining him at some stage.
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