Audiences are once reuniting with Woody, Buzz, and the whole gang. Disney has announced that Toy Story 5, a new feature film as part of the beloved animated franchise, is in development.

The announcement of the upcoming fifth installment in the beloved Pixar series was made by Disney CEO Bob Iger during the company's Q1 earnings call. Along with the news of a new Toy Story, other animated franchises will also be receiving new entries with Frozen 3 and a new Zootopia film also being announced during the call. “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," said Iger during the earnings call. "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.”

Each of the previous entries in these franchises saw major success both commercially and critically, with Toy Story 4 earning over $1.07 billion at the global box office and went on to be nominated for two Academy Awards in 2020 for Best Original Song “I Can’t Let You Throw Yourself Away” by Randy Newman and won the Best Animated Feature. As for the other films involved in the announcement, Frozen 2 received an Academy Award nomination in 2020 for Best Original Song with “Into the Unknown” and earned $1.45 billion at the global box office. As for the 2013 original film, it went on to two Academy Awards including Best Animated Feature and Best Original Song with “Let It Go.” Zootopia earned $1.02 billion and won Best Animated Feature at the 2017 Academy Awards.

Toy Story 3
Image via Walt Disney Studios

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Toy Story Is One of Disney's Most Beloved Franchises

The first Toy Story film was released in 1995 and was the first fully computer-animated feature film and went on to be one of the most beloved animated series ever created. The success of the original film went on to spawn three follow-ups: Toy Story 2 in 1999, Toy Story 3 in 2010, and Toy Story 4 in 2019 with the series also producing a spinoff film starring the famed Space Ranger Buzz Lightyear in 2022's Lightyear. Across all four of the mainline films, the Toy Story franchise has earned a total of $3.03 billion at the global box office, making one of Disney's biggest animated series and one of Pixar's cornerstone franchises.

Stay tuned to Collider for future news about Toy Story 5 and other Disney projects.