You read correctly. There will be a second movie. Why? Because it's not like it totally failed. You know why? Because people who really liked the book actually wanted to see it. Of course you ruined it for them! Ugh. I have no idea if I am going to watch this movie. Maybe I'll have a burst of hope one of these days and decide to watch it. Look what is said about it here. It wasn't a great failure? Nice. Here's another link that talks about it some more. It is being released March 27th 2013. I'm so disappointed in Chris Columbus.