Fans of ‘Avatar: The Last Airbender’ and ‘Legend of Korra’ are jumping with joy today with the announcement that more content based on Avatar: The Last Airbender & Legend of Korra is in the works.

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We already know that Netflix is currently developing a live-action series based on Avatar: The Last Airbender, and it was met with praise initially until co-creators Michael Dante DiMartino & Bryan Konietzko stepped away from the project due to creative differences.

Well now, Avatar: The Last Airbender fans have a reason to celebrate again! Nickelodeon is launching Avatar Studios, a new division to create original content spanning animated series and movies based on the world of Avatar: The Last Airbenderand The Legend of Korra, the network announced Wednesday during ViacomCBS’ Investor Day presentation. The studio will be led by original creators and executive producers DiMartino & Konietzko as co-chief creative officers.

The first project coming out of the studio will be an animated theatrical film set to begin production this year.

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DiMartino & Konietzko told EW in a statement:

“develop our franchise and its storytelling on a vast scale, in myriad exciting ways and mediums.”

“It’s hard to believe it’s been 19 years since we created Avatar: The Last Airbender,” they said. “But even after all that time, there are still many stories and time periods in Aang’s world that we are eager to bring to life. We are fortunate to have an ever-growing community of passionate fans that enjoys exploring the Avatarverse as much as we do.”

“And with this new Avatar Studios venture we have an unparalleled opportunity to develop our franchise and its storytelling on a vast scale, in myriad exciting ways and mediums,” they continued. “We are exceedingly grateful to [Nickelodeon president] Brian Robbins and [president of Nickelodeon Animation] Ramsey Naito for their enthusiasm and respect for the Avatar property and us as its stewards. From the start, they’ve supported our ambitious plans and created a positive, proactive environment for us.”

“We’re excited to be back at Nickelodeon where Avatar began, doing what we do best in the biggest way possible. We can’t wait to build the great teams and productions to make all of this fantasy a reality.”

Nickelodeon’s Avatar: The Last Airbender, which follows the adventures of Aang and his friends, must save the world by defeating Fire Lord Ozai and ending the destructive war with the Fire Nation, the series aired for three seasons between 2005 and 2008. This was followed by The Legend of Korra, the follow-up series is set 70 years after the events of “Avatar” and follows Korra, the next Avatar after Aang, as she faces political and spiritual unrest in a modernizing world. The series aired from 2012-2014.

Are you excited to see Avatar: The Last Airbender and The Legend of Korra continue? Let us know in the comments!

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