"Reports from Burbank are that John Lasseter and Ed Catmull are cleaning house. First order of business, take those old toys off the shelf and put them in a box somewhere. News was spread through Walt Disney Feature Animation and the, once secret, Circle 7 unit that Toy Story III production has been stopped."
Toy Story 3 cancelled?
"At the Animated-News Forum, 'ShyVoilet' points to a new post at Animation Nation, where word comes that John Lasseter and Ed Catmill announced to Walt Disney Feature Animation employees today that production on Toy Story 3 has ended. "They said that sequels should only be made if there is a really great story that demands it, and should be the domain of those who created the original film. In other words, if Pixar wants to make a sequel to its films, it will. If Disney Feature wants to make a sequel to its film, it will. But the two will not cross," writes the post's author, 'Corn Fed'. Fortunately, Lasseter and Catmill are still interested in the artists of Disney's Circle 7 Animation and will try to find ways to use their talents."
Lasseter and Catmill announce "Toy Story 3" will stop
Well, from what I'm able to tell from these stories is that the Disney version of "Toy Story 3" that was in production will stop, and eventually a Pixar version of "Toy Story 3" will gear up. Which is great news. I think.