Friday, December 30, 2005

Will Disney and Pixar Reteam?


Variety reports that Walt Disney Pictures and Pixar Animation Studios are on the verge of renewing their distribution deal.

So what's holding things up? The trade says a key point is "Circle 7," the secretive division that Disney formed to make sequels to Pixar films, for which it has rights through next year's Cars, which is also the last film under the partners' current deal.

Production on Toy Story 3 is already under way and the division is close to picking a second film to greenlight from several scripts under development -- most likely Finding Nemo 2 or Monsters, Inc. 2.

Apparently the next step -- picking a director -- is on hold until Disney and Pixar close their deal.

Disney CEO Bob Iger reportedly is keeping Pixar head Steve Jobs and creative guru John Lasseter in the loop about developments at Circle 7 -- something former Disney topper Michael Eisner rarely did.

Under the new deal, Disney will probably distribute new Pixar films and produce, in one form or another, a slate of sequels.