During an earnings call Disney CEO Bob Iger shared that there are sequels in the works for some of Disney’s most popular franchises. The news came after he announced a restructuring of The Walt Disney Company into three segments. The company will be divided into:
- Disney Entertainment
- ESPN
- Disney Parks, Experiences and Products
As the company moves into the second Iger era, he also announced that creativity and accountability will be key to the company’s success moving forward. While there will be a focus on growing general entertainment, there will also be an impetus on leveraging Disney’s popular brands. While there weren’t a ton of details released about exactly what that will look like, there were three franchises that were announced as getting sequels. During the call Iger shared that Toy Story, Frozen, & Zootopia will all be seeing sequels coming from Walt Disney Animation Studios.
“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.”
The previous movies in these franchises have all been financial successes making over $1 billion each at the box office. Frozen 2 earned $1.45 billion in 2019, Pixar’s Toy Story 4 brought in $1.07 billion in 2019, and Zootopia garnered $1.02 billion at the box office in 2016. Toy Story & Zootopia also have already seen sequels being added to their initial films. Zootopia has seen its story continue with a series on Disney+. All three franchises have seen their stories also come to life in the parks, or are in process of seeing that happen.
The news wasn’t all happy on the earnings call, however. Bob Iger also shared that the company would be cutting costs by $5.5 billion. This includes cost cutting measures across the board and also 7,000 jobs are being cut at the company. The highly profitable Disney Parks, Experiences and Products will be seeing the least of these cuts after reporting very positive numbers.
What do you think about the continuation of the stories of Toy Story, Zootopia & Frozen with these upcoming sequels? Where would you like to see them go? Share your thoughts, opinions, and predictions in the comments below!
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