Universal Pictures has picked up Guillermo del Toro's Hellboy 2, and will finance and distribute the picture. The release is slated for summer, 2008.
Although a sequel was announced shortly after the release of the first movie (see 'Hellboy 2 Gets Green Light'), it all fell apart when Revolution Studios, which made Hellboy, folded.
Ron Perlman and Selma Blair will reprise their roles. Shooting starts in April.