Disney to Shutter Sequels Studio

GLENDALE, Calif. (ContactMusic.com) – Disney Studios Chairman Dick Cook officially announced Wednesday that the company is shutting down Circle 7 Productions, the unit that was set up to create computer-animated sequels to Pixar's original hit films. The Glendale-based Circle 7 was already well along in the production of Toy Story 3, according to several reports. Pixar Chairman Steve Jobs, who has made his dislike for sequels well known, remarked on Tuesday, "We feel very strongly that if the sequels are going to be made, we want the people who were involved in the original films involved in the sequels."