Disney chief executive Bob Iger is praising the Pixar animation studio and its upcoming film “Frozen,” saying it’s “fantastic” and a “great way to start” his long-awaited plan to create a new Walt Disney Animation Studios.
The Pixar studio will be based in the same campus as Walt Disney World, Iger told The Associated Press in an interview Monday.
“The Walt Disney Imagineering group has a very high standard for excellence,” he said.
“And we’re proud of what they’re doing.”
Frozen is Disney’s first animated feature film in more than 20 years, a departure from the studio’s more recent fare such as “Finding Dory,” “Brave” and “Moana.”
It stars Kristen Bell as Anna and Chris Pine as Elsa.
The story follows a group of young people who discover that they’re destined to share a magical land where they can stay forever, only to discover they can never return.
It follows the journey of the snowman, Kristoff, as he battles his icy powers and tries to find his way home.
“We’re looking forward to a very successful first weekend,” Iger said.
The studio’s first two films in the new studio, “Toy Story 2” and its forthcoming sequel “Finding Nemo,” are expected to hit theaters later this year.
Disney chief financial officer Robert Iger speaks during the Pixar panel at the 2014 International CES in Las Vegas, Friday, Feb. 6, 2017.
Disney’s Pixar chief financial executive Robert Igers says the studio has “great expectations” for its film.
Disney CEO Bob Igers said Disney will soon have the “world’s biggest film studio.”
The studio will work in partnership with the Walt Disney Studios, which is currently run by Pixar chief creative officer John Lasseter.
Lassett will remain as chief executive, while he and Disney chief creative strategist Ed Catmull will become vice presidents.
Iger also announced plans to hire 150 new Disney employees.
He said the new hires will work for a year and a half, and that the company will spend about $1 billion in the first year of the deal.
“What we’re excited about is going to be a very ambitious new venture,” Igers told the AP.
“I think the Pixar story is a story of a lot of things that are going to get us where we want to go.”