With a box office gross of $770.8 million, The Batman was one of the most successful movies of 2022. The film was intended as the first of a trilogy and also spawned two spin-offs. Now, The Batman's director Matt Reeves has stated that one of the spinoffs, an untitled limited series based on the Penguin, will set up The Batman 2.

Reeves made this revelation during a recent interview with Collider's editor-in-chief, Steven Weintraub, where he discussed the upcoming show that will see Colin Farrell reprise his role as one of Batman's mortal enemies and revealed they will start shooting the show very soon.

In Reeves's words, "There's actually a whole little fabric of things we're wanting to do, the way we're doing with [the] Penguin and how that comes back into how that will lead into the sequel, and what that sequel is going to be."

While the Penguin character, whose real name is Oswald Oz Cobblepot, featured in the Reeves-directed The Batman, it was in a supporting role as the chief lieutenant of the most powerful mobster in the city Carmine Falcone. However, following the events of The Batman which saw Falcone eliminated, Oz will attempt to fill the giant-sized hole left by his boss and take over the city's criminal structure.