Bad news: There probably will not be a cute puppy in this one.

Lionsgate is planning a sequel to Keanu Reeves' action-thriller John Wick. CEO Jon Feltheimer made the announcement yesterday during a conference call with analysts to discuss the studio's earnings for the third quarter that ended Dec 31, 2014.

“We see John Wick as a multiple-title action franchise,” Feltheimer said. The movie grossed US$43mil domestically and US$35mil internationally following its October launch. Feltheimer noted that the title had performed well in ancillary markets.

John Wick, directed by Chad Stahelski and David Leitch, also starred Michael Nyqvist, Alfie Allen, Adrianne Palicki, Bridget Moynahan, Dean Winters, Ian McShane, John Leguizamo, and Willem Dafoe.

In the action film, Reeves plays a retired hitman seeking vengeance for the killing of his puppy, a gift from his late wife.

The film was produced by Basil Iwanyk of Thunder Road Pictures, Leitch, Eva Longoria and Michael Witherill. Stahelski and Leitch previously worked with Reeves as stunt doubles on The Matrix trilogy.

Movies.com first reported that Stahelski and Leitch were developing a sequel. — Reuters