09 February 2023 , 11:22
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Disney has announced that three of its most popular animated films are getting new instalments, including official confirmation of the hotly-anticipated Toy Story 5.
The major releases were revealed by Walt Disney Corporation CEO Bob Iger on Wednesday – as the movie boss announced follow-ups for Frozen and Zootopia too.
"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," he said.
Bob added: "We'll have more to share about these productions soon, but this is a great example of how we’re leaning into our unrivalled brands and franchises."
Disney CEO Bob Iger has officially announced Toy Story 5 (Disney/Pixar)Information on the upcoming films' release dates has not been announced.
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Fans have already flocked to social media following the news, with some saying that there "does not need to be a Toy Story 5".
"Them toys have been through enough!!" joked one user while others said they could see "potential" for the Frozen and Zootopia universes.
The original Toy Story was released in 1995, introducing children everywhere to Woody, Buzz Lightyear and all the other memorable and beloved characters.
Bosses have revealed plans for a Frozen sequel (Rochdale Observer)Taking the premise of what if toys came to life, it was an instant hit and has remained popular over the years 28 years since.
Toy Story has grossed over $191 million over its lifetime so it's no surprise that Disney wants to keep releasing the films, especially as most of the sequels have soared past the profits of the original.
The spin off Lightyear, released in 2020, was not so successful, with the film barely breaking even despite generally good critic and viewer reviews.
This could explain why fans are so adamantly against this new Toy Story - they are tired of the franchise.
Toy Story has grossed over $191 million over its lifetime (Splash News)Some fans did express excitement for the film but Zootopia 2 proved to be the one most people were looking forward too.
Underneath the glamourous film announcements, Disney has also announced that they will be laying off 7,000 employees.
This is thought to be in response to decline of the streaming boom and a major revamp and cost cutting exercise put forward by Bob Igor.
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Greg Baldwin, who voiced Uncle Iroh in popular Nickelodeon show Avatar: The Last Airbender said: "Those 7000 employees need jobs more than the world needs Toy Story 5."