The news was annnounced at a Disney investor conference. The firm also revealed that John Lasseter, director of the first two Toy Story films will not be directing it. Instead, Lee Unkrich, co-director of Toy Story 2, Monsters Inc. and Finding Nemo will oversee the project. Michael Arndt who wrote the Little Miss Sunshine screenplay will create the script.
Final confirmation of the film's release will start the ball rolling on an extensive licensing programme for the film and is sure to provide a major fillip for toy companies in 2009.