I remember hearing from Pixar employees that they still love doing original IP and want to continue to nurture that. But as a condition of being owned by Disney, they relinquish all control of marketing over to Disney, and for every 2-3 originals they make they must make 1-2 sequels to please Iger.
Reposted from ToonHive
‘Elio’ debuts with $21 million at the domestic box office, the lowest opening for a Pixar movie in its history.

The budget was $150M.

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