Walt Disney’s Pixar Animation Studios has eliminated 75 positions including those of two executives behind “Lightyear,” sources say.
That restructuring combined the film and television groups into a single Disney Entertainment unit and eliminated a division charged with distribution.
Pixar is famous for cinematic franchises including “Toy Story,” “The Incredibles” and “Cars.” But “Lightyear,” released a year ago with a reported budget of $200 million, brought in a modest $226.7 million in worldwide ticket sales and received a mixed critical reception.By contrast, Pixar’s “Incredibles 2” in 2018, which was reported to have had a similar production budget, had worldwide box office sales of $1.2 billion.
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