Summit Entertainment has green-lighted Eclipse, the third movie in the Twilight series, and given it a June 30, 2010, release date, Variety reported.
Summit is expected to make the official announcement over the weekend. Twilight has generated $189 million domestically and another $174 million overseas; the second movie, New Moon, is expected to begin production shortly.
Chris Weitz replaced Twilight director Catherine Hardwicke on New Moon, with the stars reprising their roles: Robert Pattinson as Edward, Kristen Stewart as Bella and Taylor Lautner as Jacob.
Summit hasn't yet selected a director for Eclipse, in which Bella is forced to choose between Edward and Jacob. The movie is based on Stephenie Meyer's book.
[Update: EW.com reports that Weitz won't helm Eclipse and that New Moon and the third film won't be shot back to back.]