MUMBAI: Warner Bros. Pictures and Legendary Pictures are once again teaming up with Todd Phillips for The Hangover Part III, the third installment in the record-breaking comedy franchise.

The Hangover Part III will star Bradley Cooper, Ed Helms and Zach Galifianakis, who will reprise the roles of Phil, Stu and Alan, collectively known to moviegoers as the Wolfpack. In the previous two films, the three friends‘ attempts to plan a celebration have resulted in disaster for them, but led to a combined billion-dollar success at the worldwide box office.

The announcement was made Warner Bros. Pictures Group by President Jeff Robinov. Said Robinov, "We are extremely pleased to have Todd Phillips and the guys back together again for another ‘Hangover,‘ and we look forward to collaborating with them on another great movie.""I‘m so excited to embark on another ‘Hangover‘ film with Bradley, Ed and Zach. We‘re going to surprise a lot of people with the final chapter we have planned. It will be a fitting conclusion to our three-part opera of mayhem, despair and bad decisions,"Phillips noted.

A presentation of Warner Bros. Pictures, in association with Legendary Pictures, The Hangover Part III will be distributed worldwide by Warner Bros. Pictures.

The film is set to go on the floors in September and is slated for release on 24 May, 2013.