Disney has started working on the beloved franchises, and announced that Toy Story 5 and Freeze 3 is officially implemented. CEO Bob Iger made the announcement on the company’s Q1 earnings call.
“Today, I’m very excited to announce that we have sequels in the works from our theaters to some of our most popular franchises, Toy Story, Ice, and Zootopia. We will have more to share about these productions soon. But this is a great example of how we are relying on our unparalleled brands and franchises,” Iger said.
The news comes at a time when the corporation has made a special, $5.5 billion cost savings, and nearly 7000 jobs have been lost in the process. Given that sequels are a no-brainer when it comes to profits, the news isn’t too surprising.
In 2019, Freeze 2 raked in $1.45 billion and Toy Story 4 making $1.07 billion. These figures are large, especially when compared to the previous national announcements. For example, Strange World managed to earn $74 million worldwide, and Encanto earned $256 million worldwide.
There is also a proper sign associated with the graphic life, given that Zootopia won an Oscar in 2017, Toy Story 4 was nominated for two Oscars in 2020, winning Best Animated Feature, and Frozen continues to win musical awards, and Let it be go 8x platinum and Freeze 2‘s Into The Unknown has been nominated for Best Original Song at the 2020 Oscars.
Undoubtedly, fans of these dramas have a lot to look forward to in what is expected in the near future.
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