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Toy Story 5, Frozen 3, Zootopia sequel in development, says Disney

Toy Story 5, Frozen 3, Zootopia sequel in development, says Disney

Toy Story 5, Frozen 3, Zootopia sequel in development, says Disney

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Animated sequels for the Toy Story, Frozen, and Zootopia franchises are in development at Disney. During the company’s first quarter earnings call, held early Thursday, returning CEO Bob Iger confirmed the news, just after announcing his massive layoffs of 7,000 employees as a measure. cost reduction. “Today I’m thrilled to announce that we have sequels in the works from our animation studios for some of our most popular franchises, Toy Story, Frozen and Zootopia,” Iger said on the call. “We’ll have more to share about these productions soon, but this is a great example of how we’re building on our unrivaled brands and franchises.”

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Currently, the Toy Story franchise consists of four films and a spin-off title called Light year, which focused on titular space cadet Buzz Lightyear as a human instead of a toy. While the latter underperformed commercially, each of the main entries achieved critical and commercial success, with Toy Story 3 and Toy Story 4 managing to cross the $1 billion mark (approximately Rs. 8,267 crore). Toy Story 4, in particular, was crowned Best Animated Feature at the 2020 Oscars, alongside a nomination for Best Original Song in Randy Newman’s “I Can’t Let You Throw Yourself Away.” Not to mention, the 1995 original Toy Story was Pixar’s first fully-made computer-animated film.

2013’s Frozen set Disney on a new path to success. After winning two awards at the 2014 Oscars – Best Animated Feature and Best Original Song – and becoming one of the best-selling Blu-ray discs in the United States, it spawned a few animated shorts, followed by A late 2019 feature sequel Frozen 2 grossed $1.45 billion (approx. Rs. 11,981 crore) at the global box office, against a production budget of $150 million (approx. Rs. 1,239 crore).

Meanwhile, Zootopia, an animated cop buddy comedy featuring anthropomorphic animals, also managed to cross the $1 billion mark, with a similar budget to Frozen 2. Although the franchise never had of theatrical sequels – so far – elements of lore were explored in the direct-streaming Zootopia+, which consisted of six short episodes. It makes sense for Disney to bet on established franchises, as their recent original IPs haven’t fared very well commercially. The most recent example would be Strange World, which only managed to pull in $73.4 million (about Rs.607 crore) worldwide, against a reported budget of $180 million (about Rs.1,487 crore). rupees).

As previously reported, this news came after CEO Iger announced layoffs for up to 7,000 workers at the company, representing 3.2% of Disney’s workforce. The move was made with the aim of achieving around $5.5 billion (approximately Rs 45,444 crore) in savings and making its streaming business profitable. Iger was brought back on board in November on a two-year deal to bring the entertainment giant back to its full potential. At the time, the CEO confirmed that he would maintain the hiring freeze that ex-CEO Bob Chapek had put in place.

Currently, Toy Story 5, Frozen 3, and Zootopia 2 do not have confirmed release windows.


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