Determine if the sentence is true based on the text below:
The film's sequels released in 2002 and 2003.

The Lord of the Rings: The Fellowship of the Ring is a 2001 New Zealand-American epic high fantasy adventure film directed by Peter Jackson based on the first volume of J. R. R. Tolkien's "The Lord of the Rings" (19541955). It is the first installment in "The Lord of the Rings series", and was followed by "" (2002) and "" (2003), based on the second and third volumes of "The Lord of the Rings".
Yes