Toy Story 3 was released on Friday and is already a hit, but people know little on the long story behind this film. According to the terms of Pixar's revised deal with Disney, all characters created by Pixar for their films were owned by Disney. Furthermore, Disney retains the rights to make sequels to any Pixar film, though Pixar retained the right of first refusal to work on these sequels. But in 2004, when the contentious negotiations between the two companies made a split appear likely, Disney Chairman at the time Michael Eisner put in motion plans to produce Toy Story 3 at a new Disney Studio, Circle 7 Animation. Tim Allen, the voice of Buzz Lightyear, indicated a willingness to return even if Pixar was not on board.