Disney has revealed plans for Toy Story 5 and Frozen 3 following the triumphs of some of its “unrivaled brands and franchises.”
Followings to some of the largest cartoon properties produced by the firm are “in the works,” according to Disney CEO Bob Iger.
Mr. Iger, who described Toy Story, Frozen, and Zootopia as among of the company’s “unrivaled brands and franchises,” hinted at their comeback during an earnings call.
We’ll have more information on these projects to share shortly, but for now, this is a terrific illustration of how we’re using our unmatched brands and franchises.
If Mr. Iger’s words aren’t convincing enough, the numbers are truthful. The highest-grossing animated picture at the box office in 2014 was Disney’s Frozen.
Disney will eliminate 7,000 positions to save expenses.
Guinness World Records state that the popular movie, which was loosely based on the Hans Christian Andersen fable The Snow Queen, beat Toy Story 3 for the top place.
Frozen 2, the sequel, broke the record for the highest-grossing weekend ever for an animated movie globally with $350 million (£272 million) in its opening weekend worldwide. The franchise continues to set milestones with its release.
It might surprise you to learn that there will be another Toy Story film. After the fourth movie’s release in 2019, producer Mark Nielsen suggested it “may be the end.”
The 2022 movie, which tells the tale of Buzz Lightyear’s genesis, was outlawed in 14 Middle Eastern and Asian nations despite the franchise’s continuous success. Buzz Lightyear was initially released in the UK in 1996.
The United Arab Emirates, which encompasses Abu Dhabi and Dubai, declared that the movie will not be published because it breached the nation’s media content regulations since it included a lesbian kiss.
According to Box Office Mojo, the planned sequel to the Oscar-winning 2016 smash Zootopia, which is about a planet controlled by animals, will be its first after earning $1 billion (£828 million) abroad.
Mr. Iger also voiced his delight about the lineup of new movies hitting theaters this year and made hints about plans for a new Avatar-themed experience at Disneyland.
This includes the live-action remake of The Little Mermaid, Guardians of the Galaxy: Volume 3, Elemental from Pixar, and Indiana Jones and the Dial of Destiny from Marvel.
The announcements coincide with the loss of almost 7,000 jobs, which will affect 4% of the workforce.
The job losses were announced by Mr. Iger as part of a multibillion-dollar cost-cutting initiative that would consolidate content production and distribution under one Disney company rather than two.