Pixar, once Disney’s crown jewel, has struggled since the catastrophic release in 2022 of “Lightyear”, a spin-off of the “Toy Story” movies. Its following release “Elemental” also disappointed at the box office.
In the same period, Pixar released animated series meant for the newly launched Disney+ streaming service.
Disney+ content included “Cars on the Road,” based around characters in the “Cars” movie franchise, and “Dug Days,” a series featuring the dog from the movie “Up.”
Pixar’s upcoming film releases include next month’s “Inside Out 2” and “Elio,” which was delayed to 2025.
Disney went through a massive round of cost-cutting last year after the return of longtime CEO Bob Iger, with more than 8,000 jobs lost, many from the media division, including Disney+.
Last quarter, the company for the first time turned a profit in its entertainment streaming segment, a landmark since the 2019 Disney+ launch that piled up losses.
Pixar, once Disney’s crown jewel, has struggled since the catastrophic release in 2022 of “Lightyear”, a spin-off of the “Toy Story” movies. Its following release “Elemental” also disappointed at the box office.
In the same period, Pixar released animated series meant for the newly launched Disney+ streaming service.
Disney+ content included “Cars on the Road,” based around characters in the “Cars” movie franchise, and “Dug Days,” a series featuring the dog from the movie “Up.”
Pixar’s upcoming film releases include next month’s “Inside Out 2” and “Elio,” which was delayed to 2025.
Disney went through a massive round of cost-cutting last year after the return of longtime CEO Bob Iger, with more than 8,000 jobs lost, many from the media division, including Disney+.
Last quarter, the company for the first time turned a profit in its entertainment streaming segment, a landmark since the 2019 Disney+ launch that piled up losses.