The first Avatar has the rare distinction of being the highest-grossing film of all time, and while its sequel likely won’t hit those highs, it is still expected to do extremely well at the box office.

According to early tracking data from Variety, Avatar: The Way of Water is expected to open to at least $150 million domestically when it premieres next month. Their report notes that that number could also soar even higher, to upwards of $175 million. While these numbers are significantly higher than Avatar‘s original box office debut (which landed at about $77 million), the hype and expectations for The Way of Water are significantly higher.

Due to the much higher budget that the sequel film carries — it’s estimated that the budget for The Way of Water is somewhere between $350 million and $400 million — the box office return must be greater to earn its money back. According to James Cameron in an interview with GQ, the sequel needs to be one of the highest-grossing films of all time just to “break even,” a goal that may be extremely lofty but has been done by Cameron before.

The sequel is directed and co-written by James Cameron. It features the return of Sam Worthington, Zoe Saldana, Joel David Moore, Dileep Rao, Stephen Lang, Matt Gerald, and Sigourney Weaver. Additional cast members include Kate Winslet, Edie Falco, Michelle Yeoh, Vin Diesel, Jemaine Clement, and Oona Chaplin, alongside a slate of young actors.

“Set more than a decade after the events of the first film, Avatar: The Way of Water begins to tell the story of the Sully family (Jake, Neytiri, and their kids), the trouble that follows them, the lengths they go to keep each other safe, the battles they fight to stay alive, and the tragedies they endure,” says the official synopsis.

Three additional films are planned, with Avatar 3 tentatively scheduled for December 20, 2024, Avatar 4 set for December 18, 2026, and Avatar 5 on December 22, 2028.