On Wednesday, Disney CEO Bob Iger revealed that the untitled Disney Animation film slated for Thanksgiving is a sequel to the beloved 2016 film "Moana."
Disney's animation studios — Walt Disney Animation and Pixar — have struggled at the box office in the wake of the Covid-19 pandemic.
The decision trained parents to seek out new Disney titles on streaming, not theaters, even when Disney opted to return its films to the big screen.
As a result, no Disney animated feature from Pixar or Walt Disney Animation has generated more than $480 million at the global box office since 2019.
A sequel to "Moana" will arrive about six months after the theatrical release of "Inside Out 2," a sequel to the hit 2015 animated film about what really goes on inside a person's head.
Persons:
Bob Iger, Iger, Pixar —
Organizations:
Disney, Walt Disney Animation, Pixar, CNBC PRO
Locations:
Polynesia