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'Hangover 3' Slated For May 2013 Release

'The Hangover Part II' -- Warner Bros'The Hangover Part II' -- Warner Bros

The Wolf Pack will be back!

A third installment of "The Hangover" franchise is a go, Warner Bros. has announced.

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Bradley Cooper, Ed Helms and Zach Galifianakis will reprise their roles as the raucous Phil, Stu and Alan in "The Hangover Part III," the studio said in a release on Thursday.

Todd Phillips (who directed the previous two films) will return to helm the third movie.

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"We're going to surprise a lot of people with the final chapter we have planned," Phillips said in a statement. "It will be a fitting conclusion to our three-part opera of mayhem, despair and bad decisions."

The comedy is set to hit theaters on May 24 (Memorial Day Weekend), 2013.

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