As TheWrap previously reported, the story's next chapter will see Miranda Priestly, Streep's character in the original film, dealing with the decline of magazine publishing. Production on the sequel is underway.

The sequel to the cult classic "The Devil Wears Prada” will center on Miranda Priestly (played by Meryl Streep in the first film) as she struggles with the waning of traditional magazines. Meanwhile, Emily Charlton, played by Emily Blunt in the first film, is now a powerful executive for a luxury group.