Disney is producing the third movie in the Toy Story series but without production partner Pixar Animation.

The original Toy Story in 1995 saw a boy's favourite toy, Woody, struggle for the boy's affections when new toy Buzz Lightyear came along while the sequel saw Woody abducted by a toy collector.

The Hollywood Reporter says that Disney has settled on a storyline for the third installment and the wheels of development have now been set in motion. Jared Stern's script has been accepted though a final scriptwriter has not yet been selected.

After successful collaborations with Pixar, Disney will finish severing their links to them after the release of Cars this year. Disney will set up its own CGI facility in Glendale, California to take over Pixar's work in Toy Story 3.