When it comes to 3-D and computer-animated films, Pixar (NYSE:DIS) has been the undisputed champion of the genre for close to a decade. But for the first time since the animation studio debuted Toy Story in 1995, Pixar is set to have a year in which one of its films does not reach theaters after the The Good Dinosaur was pushed back to 2015 after previously being scheduled for release in 2014, Bloomberg reports.
The Good Dinosaur, Pixar’s next animated film, tells the story of a 70-foot-tall teenage Apatosaurus who befriends a boy. Originally slated for release on May 30, Pixar announced Wednesday that the film would be pushed back to November 25, 2015, in order to complete additional work on the film. Additionally, the change pushed Pixar’s following film, Finding Dory, the sequel to the beloved 2003 hit Finding Nemo, back seven months, to June 17, 2016.
For Pixar’s parent company, Disney, it is the second major scheduling change to occur in September, after the fifth Pirates of the Caribbean film was pushed from a July 10, 2015, release to summer 2016 due to script and budget issues. Industry analysts see the move as something brought on by this summer’s Lone Ranger disaster as well as Disney’s previous train-wreck of John Carter.
Furthermore, Pirates of the Caribbean 5 would have been facing off against stiff competition in summer 2015, with surefire hits like Warner Bros.’s (NYSE:TWX) Man of Steel sequel and Disney films Star Wars: Episode VII and The Avengers: Age of Ultron set to dominate the box office.
Barton Crockett, an analyst at Lazard Capital Markets, said to Bloomberg, “The most important thing is not to have any more big losses, like John Carter and The Lone Ranger.” According to Crockett, the delay of Pixar’s The Good Dinosaur indicates that Disney is “taking the time to get the movie right.” He recommends Disney as a stock to buy.
“Nobody ever remembers the fact that you slipped a film, but they will remember a bad film,” Pixar’s president, Ed Catmull explained to the Los Angeles Times. ”Our conclusion was that we were going to give [The Good Dinosaur] some more time.”
And according to reports, the delay was probably the best move for Pixar, which removed director Bob Peterson from the film over the summer, as important creative decisions had yet to be made for the film. Following Peterson’s dismissal, The Good Dinosaur was overseen by a team of Pixar staff including Chief Creative Officer John Lasseter, Brave director Mark Andrews, Toy Story 3 director Lee Unkrich, and the film’s original co-director, Peter Sohn. No replacement director has yet been named.
Now that The Good Dinosaur has been delayed, the next Pixar film to be released will be Pete Docter’s Inside Out, which is a story set inside the brain of a young girl. Inside Out is set to be released on June 19, 2015, if everything goes according to plan.