Entertainment

Disney’s CEO Bob Iger announces that Frozen, Toy Story and Zootopia sequels are in development


Disney’s CEO Bob Iger announces that Frozen and Toy Story sequels are in development along with a follow-up to Zootopia

Three of Disney’s most popular animated films will be getting new installments.

Walt Disney Corporation CEO Bob Iger announced on Wednesday that Frozen and Zootopia sequels are in development, and a fifth Toy Story film is in the works at Pixar.

‘Today I’m so pleased to announce that we have sequels in the works from our animation studios to some of our most popular franchises, Toy Story, Frozen and Zootopia,’ Iger said. 

‘We’ll have more to share about these productions soon, but this is a great example of how we’re leaning into our unrivaled brands and franchises,’ he added.

Iger – who also announced drastic lay offs at the company – revealed the exciting news during the company’s Q1 2023 earnings call, as per Deadline

Exciting! Three of Disney’s most popular animated films will be getting new installments. It was announced on Wednesday that Frozen and Zootopia sequels are in development, and a fifth Toy Story film is in the works at Pixar

Currently unknown: No additional information has been provided in regards to the release dates of creative teams behind the upcoming films; Still from Toy Story

Currently unknown: No additional information has been provided in regards to the release dates of creative teams behind the upcoming films; Still from Toy Story

No additional information has been provided in regards to the release dates of creative teams behind the upcoming films. 

The three franchises are some of the most successful animated Disney films, with Frozen II being the 13th highest grossing film of all time and the highest-grossing Walt Disney Animation Studio film, having made $1.45 billion at the global box office. 

The Frozen sequel will be the third in the franchise. The first one was released in 2013, followed by Frozen II in 2019. Frozen follows Elsa and Anna, the princesses of a kingdom called Arendelle, and their various adventures. 

The original Frozen was the first Walt Disney Animation Studio film to get the Oscar for Best Animated Feature.  

The Zootopia sequel will be the first followup to the 2016 animated film. The original focuses on a police officer/rabbit and a fox con artist who solve crimes in their city. Zootopia won an Oscar for Best Animated Feature in 2017. 

It ranks as the 47th highest grossing film of all time, having earned $1.023 at the box office. 

Meanwhile the new Toy Story movie is a follow-up to the 2019 Toy Story 4, and last year’s spinoff Lightyear. Toy Story 4 was nominated for two Oscars in 2020 and won for Best Animated Feature.

Toy Story raked in $3.2 billion worldwide and stands as the 20th highest-grossing film series of all time. 

Good news: Walt Disney Corporation CEO Bob Iger announced the good news on Wednesday during the company’s Q1 2023 earnings call; Pictured 2021

Good news: Walt Disney Corporation CEO Bob Iger announced the good news on Wednesday during the company’s Q1 2023 earnings call; Pictured 2021

High earners: The three franchises are some of the most successful animated Disney films, with Frozen II being the 13th highest grossing film of all time

High earners: The three franchises are some of the most successful animated Disney films, with Frozen II being the 13th highest grossing film of all time

Popular: The new Toy Story movie is a follow-up to the 2019 Toy Story 4, and last year’s spinoff Lightyear; A still from Toy Story 4

Popular: The new Toy Story movie is a follow-up to the 2019 Toy Story 4, and last year’s spinoff Lightyear; A still from Toy Story 4

Adorable: The Zootopia sequel will be the first followup to the 2016 animated film

Adorable: The Zootopia sequel will be the first followup to the 2016 animated film

Toy Story follows children’s toys who come to life when their owners aren’t around, including the iconic cowboy doll Woody as well as space ranger action figure Buzz Lightyear. 

Disney’s faced problems with theater releases since the beginning of the pandemic, with last year’s Strange World bombing at the box office and causing a loss that totaled $147 million for the company.

The 2021 animated film Encanto also performed below what was expected, though it became more popular once it hit the Disney+ streamer.

The news of the three new films comes after Iger revealed that 7,000 employees would be laid off at the company, after an earlier earnings report revealed a 2.4 million loss in Disney+ subscribers. 

On Wednesday, Iger announced his plans to restructure the company, effectively eliminating the Disney Media and Entertainment Distribution group set up under former CEO Bob Chapek. 

Drastic changes: The news came after Iger revealed that 7,000 employees would be laid off at the company, after an earlier earnings report revealed a 2.4 million loss in Disney+ subscribers; Pictured 2019

Drastic changes: The news came after Iger revealed that 7,000 employees would be laid off at the company, after an earlier earnings report revealed a 2.4 million loss in Disney+ subscribers; Pictured 2019



Source link

Back to top button