In 2004, the partnership between Disney and Pixar came to an end, due to a feud between Pixar’s CEO Steve Jobs and Disney’s CEO Michael Eisner. Disney, who owned the rights to all of Pixar’s films, quickly established their own Pixar-like animation studio, Circle 7, and began working on sequels, including Finding Nemo 2, Monsters Inc. 2, and Toy Story 3.
In 2006, after a deal was struck between Jobs and Disney’s new CEO Bob Iger, Circle 7 Animation was shutdown, and all the sequels they had been working on scrapped.
The plot for Circle 7’s abandoned film was radically different to the Toy Story 3 that eventually hit cinemas in 2010. The script, by Meet The Parents writer Jim Herzfeld , sees the toys become concerned after spaceman action figure Buzz Lightyear begins to malfunction. Anxious to help Buzz, cowboy doll Woody and the rest of the toys decide to ship him to the Taiwanese factory where he was made, in the hopes that his makers will be able to repair him.