EMERYVILLE (CBS SF) – Not to be outdone by their sister company from across the Bay, Lucasfilm, Emeryville-based Pixar has announced that they have green lit another Toy Story sequel.

On the same day Lucasfilm announced the title of Star Wars Episode VII, Disney CEO Bob Iger announced on Thursday, Pixar Animation Studios will begin work on Toy Story 4. Chief Creative Officer of Walt Disney and Pixar John Lasseter will take the lead on the project. In a statement, Lasseter said “We love these characters so much; they are like family to us. We don’t want to do anything with them unless it lives up to or surpasses what’s gone before.”

Lasseter has tapped “Parks & Recreation” actress Rashida Jones and writing partner Will McCormack to pen the storyline. According to the Los Angeles Times, John Lasseter wants the film to have a “strong female voice.” Tom Hanks has expressed an interest to return as “Woody” and Tim Allen verbally signed on to return as Buzz Lightyear, long before Toy Story 4 was a thought.

Currently, Lasseter and Andrew Stanton is finishing up the sequel to the Pixar hit “Finding Nemo” titled “Finding Dory” which is scheduled to release on June 17, 2016.

“Toy Story 4” is set to release in theaters on June 16, 2017.

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