The original cast of the 2008 film is expected to return.
Parker is best known for writing both "Best Exotic Marigold Hotel" movies. Plot details are still scarce, but the film will be "based on" the songs of ABBA. Along with new faces, the sequel will feature many ABBA songs not included in Mamma Mia!
The musical about a bride-to-be searching for her real father told to the hit songs of the '70s music group ABBA debuted on Broadway in 2001 and ran for nearly 14 years.
But Universal, never one to let an opportunity to lose money pass them by (Land of the Lost or Cowboys & Aliens), they're going to make a go of it - so much so that thy've already settled on a July 20th, 2018 release date.
There is no official word on a story line for the sequel, though sources point to a potential prequel concept with focus on characters played by Meryl Streep, Colin Firth, and Pierce Brosnan set before the action of the original musical.
Judy Craymer, who created and produced the popular stage musical that inspired the film, will produce with Gary Goetzman. Of course, they will bring back the old ones, too.
And, just like the first movie, original members of ABBA Benny Andersson and Björn Ulvaeus have signed on to provide music and lyrics and oversee everything as executive producers.