Recently, at D23, Disney's biennial fan event in California, major film announcements were made, including the reveal of the title for the third "Avatar" film, a new chapter in the "Star Wars" series, and the announcement of a sequel to "Freaky Friday".

Amidst of the lay offs in Disney, they undertaking a strategic transition towards their business plan and the sequels are part of their new transformation.

Walt Disney Co has been unable to obtain permission to show its new Pixar movie "Lightyear" in 14 Middle Eastern and Asian countries, a source said on Monday, and the animated film appeared unlikely to open in China, the world's largest movie market.

The United Arab Emirates on Monday banned the upcoming Pixar animated feature “Lightyear” from showing in movie theaters amid reports that the film includes a kiss between two female characters.