"Toy Story 5","Frozen 3", "Zootopia 2" in Works

Sequels to "Toy Story 4", "Frozen 2", and "Zootopia" are in the works.

“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,”  Disney CEO Bob 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.”

The announcement came on the company's earnings call on Wednesday.

He provided no further details about the creative teams involved in the process.

"Toy Story", voice starring Tom Hanks and Tim Allen, has had four main installments dating back to 1995, with Toy Story 4 topping $1 billion at the box office in 2019. 

"Frozen II" flew to great heights in 2019, earning $1.4 billion, with the 2013 first installment bringing in $1.2 billion. Kristen Bell and Idina Menzel lead the cast.

A Zootopia sequel has been bandied about for years after the 2016 feature earned more than $1 billion at the box office. Gennifer Goodwin and Jason Bateman voice starred in the original feature.

The developments come as Disney moves to reinvigorate its animation business after both Pixar’s "Lightyear" and Disney Animation’s "Strange World" underperformed last year. 

Wednesday’s earnings call is Iger’s first since returning to the CEO role, stepping back into the job after the ouster of Bob Chapek late last year. 

On the call, Iger laid out his new organizational structure for the company and revealed that 7,000 employees will be laid off as part of the plans.

The move aims to save $5.5 billion in costs and make its streaming business profitable.

Iger also revealed that Disneyland, located in Anaheim, Calif., will be home to an Avatar experience. Disney already has Pandora – The World of Avatar at Disney World in Orlando, Fla. 

Iger did not reveal more details about the new Disneyland experience.