It was only a matter of time. Speaking at a magazine photoshoot, Vin Diesel confirmed to The Hollywood Reporter that there will indeed be a seventh Fast and Furious movie.

Diesel, who is set to star and produce the sixth installment said the next movie will follow the recent Hollywood trend of milking money out of your wallets by splitting the story/movie into two parts.

"With the success of this last one, and the inclusion of so many characters, and the broadening scope, when we were sitting down to figure out what would fit into the real estate of number six, we didn't have enough space," which essentially amounts to Diesel saying in long-winded format that they plan on cashing in on the sudden resurgence of the franchise.

Fast Five was a bit of a surprise hit, grossing $626 million worldwide this year.

The fifth movie introduced Dwayne "The Rock" Johnson to the franchise and also featured an extra scene during the credits which re-introduced Eva Mendes and Michelle Rodriguez into the series.

"We have to pay off this story, we have to service all of these character relationships and when we started mapping all that out it just went way beyond 110 pages," Diesel explained. "The studio said, 'You can't fit all that story in one damn movie!'" because in reality, why should the studio make money off of only one movie when they can double their profits?

Fast Six is already slated to hit theaters May 24, 2013 with the to be continued Fast Seven to most likely arrive the following year. The two movies will be directed by Justin Lin who has helmed the franchise since the third movie, The Fast and the Furious: Tokyo Drift.