A new Madagascar movie sequel is being planned, this would the third and final installment of the Madagascar movie series! DreamWorks CEO Jeffrey Katzenberg confirmed indeed that Madagascar 3 would released in Summer 2012. Katzenberg also hinted at the plot of Madagascar 3:
"There is at least one more chapter. We ultimately want to see the characters make it back to New York.
[...]
Yes, we are making a Madagascar 3 now, and it will be out in the summer of 2012."
DreamWorks CEO Jeffrey Katzenberg
Some more details of the plot of Madagascar 3 may have leaked online: according to Coming Soon, Alex the Lion, Marty the Zebra, Gloria the Hippo, and Melman the Giraffe are still trying to go back to they dear zoo in New York, and after somehow reaching Europe, they infiltrate a traveling circus in order to go back to the USA.
Those animals are now well experienced travelers. And I bet that the movie Madagascar 3 will be the most hilarious of the series! By the way, Madagascar 3 is quite likely to go 3D!
If this is the final Madagascar movie, I hope that the penguins will get their own spin-off movie later on, because they're damn cute.
:)