Walt Disney CEO, Bob Iger, announced today that “Toy Story 4” is in development and will be released in 2017. John Lasseter is to direct the 4th installment of the “Toy Story” franchise. Bob Iger made this announcement to Wall Street analysts while discussing Disney’s 4th quarter results. Very little is known other than that the movie will come out in 2017 and that John Lasseter will direct the movie. John Lasseter directed the very first “Toy Story”, which was also the very first Disney and Pixar co-production. Lassester later went on to direct “Cars” and “Cars 2” and is now the head of Pixar and Walt Disney Animation Studios. It should be very interesting to see John Lasseter go back to the franchise that started his career.