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In the midst of job cuts, Disney announces sequels to ‘Toy Story,’ ‘Frozen,’ and ‘Zootopia.’

Some of Disney’s animated film favourites are set to receive sequels in the future.

According to the company’s first-quarter earnings call on Wednesday, “Toy Story,” “Frozen,” and “Zootopia” sequels are in the works.

During the call, Disney’s newly-returned CEO Bob Iger announced a “strategic transformation” that would include 7,000 job cuts and a renewed focus on core brands and franchises.

Another sequel to Disney’s long-running film franchise, “Toy Story,” is one of those transformations. The 1995 film was the first computer-animated feature film and Pixar Animation Studios’ debut feature release.

The most recent sequel, “Toy Story 4”, was released in 2019 and won two Academy Awards for animated films in 2020, making it the first franchise to do so. In 2011, “Toy Story 3” won the Academy Award for best animated feature.

Last year, a prequel film called “Lightyear” was released in theatres.

‘Lightyear’ review: In Pixar’s slick film, Chris Evans’ Buzz is more fantastic than plastic.

In 2014, the original “Frozen,” which was released in 2013, won the Academy Award for best animated feature film. “Frozen II” was released in theatres in 2019.

In 2019, Disney made approximately $13 billion in worldwide box office revenue, aided by a strong slate of films that included “Toy Story 4,” “Frozen II,” “Avengers: Endgame,” and others.

Unlike “Toy Story” and “Frozen,” “Zootopia” has not been followed by a sequel. The first film was released in 2016, and it won an Academy Award for best animated film in 2017.

Disney will lay off 7,000 workers despite revenue growth as part of a “significant transformation.”

Bob Chapek, Iger’s handpicked successor, took over as CEO in November after a difficult two-year tenure.

Star Wars, Marvel, and Pixar are all owned by Disney. Its most recent Marvel film, “Ant-Man and the Wasp: Quantumania,” will be released on February 17.

The Burbank, California-based company stated that it wants to ensure that executives in charge of content creation have a strong say in what movies, TV shows, or other content is produced, as well as in its marketing and distribution.

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