With the record breaking success of The Avengers it should come to no one’s surprise that Disney is circling the wagons around a sequel.

Disney Chairman and CEO, Bog Iger spoke with CNBC about The Avengers and its importance on future projects.

"The Avengers isn't just a film," says Iger. "It's a franchise from our perspective. Obviously, it was helped a lot by the success of the 'Iron Man' movies and of 'Thor' and 'Captain America'. From 'The Avengers' we get a chance to make 'Thor 2' and 'Captain America 2' and 'Iron Man 3' and hopefully another 'Avengers' movie. So this one film that is immensely successful... is going to get a number of other films and franchises."

"We have an ability to leverage what was a very fun film done by a great group of filmmakers into something much bigger for the company," he continues, "and the effect will be prolonged and that's very, very exciting for us."

The studio also announced that it will be releasing a film on May 16, 2014. But Iger did not reveal which movie would be released on that day. Could it be The Avengers 2? Or could it be another Marvel film yet to be revealed. One thing for certain, it won’t be Iron Man 3, Thor 2 or Captain America 2 as all of these franchises already have release dates set over the next two years.