For those of us who have been following the online frenzy surrounding Twilight, it seems like a no-brainer that the production company, Summit Entertainment, would go ahead and make a sequel based on the next book in Stephenie Meyer's series. Now the company seems to have the same faith in their franchise that the teen girl fans do, and is officially going ahead with the Twilight sequel, New Moon.

Nikki Finke at Deadline Hollywood Daily is reporting the sequel news; she doesn't cite any sources, but Finke is often the first to know these things regardless. Much of the rest of the article is what many of us already know-- Twilight cost virtually nothing ($37 million) to make and is setting all kinds of records for trailers viewed online, soundtrack sales, and all the rest.

We've already heard Stephenie Meyer talk about how she'd like to see the movies turn into a franchise, so you know she'll be on board. But are the hordes of teenage girl fans enough to make this a bona fide hit franchise? Summit Entertainment, a newcomer to distribution, sure hopes so.