Johnny Depp and Mia Wasikowska are reteaming for Disney's Alice in Wonderland 2, which will hit theaters over Memorial Day weekend in 2016, The Hollywood Reporter said.

Disney announced the news officially Friday, November 22 setting a May 27 release for Alice 2, which will be directed by James Bobin. Joe Roth, Jennifer Todd and Suzanne Todd are producing.

The first Alice was a runaway hit at the global box office, grossing $1.02 billion in 2010.

In another high-profile move, Disney set an Oct. 9, 2015, release date for Jon Favreau's Jungle Book. He'll direct the live-action pic from a script by Justin Marks.