The new director of Toy Story 3 is Bradley Raymond. Brad has directed several DTV movies for Disney. Someone that Disney management respects and has wanted to do this project since long ago.
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The 3rd film will be made without the involvement of Pixar who helped create the first two films when they were under Disney's banner. Screenwriter Jared Stern is scripting a story that reportedly takes the cast of characters on the road and out of Andy's room, of course then bringing new characters into the franchise.