Tim Allen confirmed this week that he will reprise his role as Buzz Lightyear in the newly announced "Toy Story" sequel.
"See ya soon Woody, you are a sad strange little man and you have my pity," Allen tweeted on Wednesday, accompanied by a photo of Buzz. "And off we go to a number 5! To infinity and beyond!"
The reveal came hours after Walt Disney Co. Chief Executive Bob Iger announced during an earnings call to investors that sequels to the "Toy Story," "Frozen" and "Zootopia" franchises are in the works but gave no further details. Iger also disclosed that Disney plans to lay off 7,000 of its employees, potentially saving the company $5.5 billion.