According to The Hollywood Reporter, Disney and Pixar are in production on Toy Story 3. In an appearance during Disney's annual shareholder meeting in New Orleans, CEO John Lasseter said: "We are finally in production on Toy Story 3," adding the film is scheduled to come out in 2010. Tom Hanks and Tim Allen are back on board to voice Buzz Lightyear and Woody.
The screenplay is by Michael Arndt, who just won the original screenplay Academy Award for Little Miss Sunshine, according to Lasseter, who said: "We got a great story."
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