Today has been full of big news from the Walt Disney Company’s first quarterly earnings call of 2023. Notably, it is also the first earnings call since Bob Iger returned as Walt Disney Company CEO. Iger replaced Bob Chapek in late 2022.
Walt Disney World Resort, Disneyland Resort, and other international Disney Parks reported record revenue in the last three months of 2022 as inflation hit the country. Disney+ saw its first-ever subscriber decrease.
Iger announced a complete restructuring of the Walt Disney Company and plans to cut 7,000 jobs. Still, Disney fans have something to look forward to.
In a shocking move, Iger announced sequels to Disney and Pixar animation franchises Frozen (2013), Toy Story (1995), and Zootopia (2016).
It’s unknown if the sequel to Frozen will relate to Frozen 2 (2019) or feature the original cast. The same can be said for the sequel to Toy Story, which has seen three sequels throughout the years and features controversial actor Tim Allen.
Walt Disney Animation Studios and Pixar films Strange World (2022) and Lightyear (2022) flopped at the box office after controversy about certain scenes. While many praised the LGBTQIA+ inclusion, both failed movies were added to Disney Plus earlier than anticipated.
Interestingly, no sequel has been announced for one of Disney’s most popular recent movies, Encanto (2021). The musical film also had a lower box office turnout but became the star of the show on Disney+.
No further details about the upcoming films from Walt Disney Studios and Pixar have been announced. Both studios added multiple “UNTITLED” films to their release schedule in recent months, likely preparing for this significant announcement!
Inside the Magic will continue to report on news from The Walt Disney Company’s quarterly earnings call. Follow along with us to learn more about the upcoming Pixar and Walt Disney Pictures.
Are you excited about the upcoming sequels to Frozen (2013), Toy Story (1995), and Zootopia (2016)? Let Inside the Magic know in the comments.