Is it true that is there 3 fifty shades of grey movies based on the following text?

Fifty Shades is an American film series that consists of three erotic romantic drama films, based on the Fifty Shades trilogy by English author E.L. James. It is distributed by Universal Studios and stars Dakota Johnson and Jamie Dornan as the lead roles Anastasia Steele and Christian Grey, respectively. Sam Taylor-Johnson directed the first film and initially she was slated to be the director of the sequels as well, however subsequently the second and third films were directed by James Foley.
yes