The studio intends to return to concentrating only on producing motion pictures for cinemas.
As a result of Disney’s efforts to save expenses, Pixar is laying off approximately 175 of its employees. It was announced as far back as January that layoffs were going to be scheduled for the pioneer of digital animation, and the manpower of the company is going to be decreased by approximately 14 percent.
As the corporation works to increase the profitability of its streaming division, The Guardian reports that the downsizing is a part of the firm’s efforts to reduce the amount of original content that is being developed for Disney+, including movies and television shows. As a result, it is anticipated that Pixar will once again concentrate solely on the production of feature films for the theater.
In spite of the fact that it was once an extremely dependable hit factory, Pixar has been having a difficult time of it over the past several years. Disney has stated that it was a mistake to have “trained” viewers to anticipate that Pixar films will soon be available on Disney+ (which is where the company released Soul, Luca, and Turning Red after Covid-19 caused theaters to close). That could have been a contributing factor in the failure of the Toy Story spin-off Lightyear to reach the expectations of the box office. After a poor start, the film Elemental from the previous year became a word-of-mouth hit; nonetheless, in the end, it made a far lower amount than many of Pixar’s prior big hits.
When Inside Out 2, the sequel to one of Pixar’s very greatest films, is released the following month, the company will be hopeful that it will begin to turn the corner and begin to turn things around. The cartoon sector of Disney as a whole is shifting its attention to franchises, and sequels to Toy Story, Frozen, Zootopia, and Moana are all scheduled to be released within the next few years.