Disney is engaged on sequels for “Toy Story,” “Frozen” and “Zootopia,” three enormous hits because the leisure powerhouse makes an attempt to search out its footing beneath newly returned CEO Bob Iger.
The Walt Disney Co is present process a “strategic transformation,” Iger stated. That contains 7,000 job cuts introduced this week and a renewed deal with core manufacturers and franchises.
Iger, who returned as CEO in November following a difficult two-year tenure by his handpicked successor, Bob Chapek, introduced the plans for the brand new motion pictures throughout Disney’s first-quarter earnings name on Wednesday.
Disney owns “Star Wars,” Marvel and Pixar. Its newest Marvel film, “Ant-Man and the Wasp: Quantumania,” opens on Feb 17.
The Burbank, California, firm stated it desires to be sure that executives in command of content material creation have a outstanding say in what motion pictures, TV reveals or different content material to supply, in addition to the advertising and distribution of these merchandise.
“Toy Story” is a long-time film franchise for Disney. The authentic movie, which was the primary computer-animated function movie and the debut function launch from Pixar Animation Studios, got here out in 1995. It obtained a Special Achievement Academy Award in 1996, as there was no greatest animated function movie class on the time.
The most up-to-date sequel, “Toy Story 4” launched in 2019 and received two animated movie Oscars in 2020, turning into the primary franchise to perform that. Predecessor “Toy Story 3” received the most effective animated function Academy Award in 2011.
A prequel movie, referred to as “Lightyear,” was in theaters final yr.
The authentic “ Frozen ” movie launched in 2013 and received the Academy Award for greatest animated function movie in 2014. The sequel, “Frozen II,” was in theaters in 2019.
Disney made about $13 billion in worldwide field workplace in 2019, helped by a robust slate of flicks that included “Toy Story 4,” “Frozen II,” “Avengers: Endgame” and others.
Unlike “Toy Story” and “Frozen,” “Zootopia” has but to have a sequel. The authentic film got here out in 2016 and received an Academy Award for greatest animated movie in 2017.
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