I feared this would happen, but thought that the success of "Tangled" would have prevented it...
Due to the continuing contraction of the economy and the Walt Disney Company's desire to restrain spending, cost cutting has finally entered the fabled heart of all that is Disney: Animation. The Hat Building is going to be closing. Pixar Animation Studios will be renamed Disney Animation Studios as the Burbank branch is closed and all animated features will be done from Northern California in Emeryville...
Slowly, over the next year the brand will be called Disney Pixar Animation Studious while the transition goes through and withing 36 months the naming will be known as Disney Animation Studios. In a statement released to the public, Iger mentioned that: "the resulting consolidation will inevitably result in layoffs, but the exact figure has yet to be determined. We hope to make the transition of all animation duties to our Emeryville campus as painless as possible, and will work to help those employees affected by the restructuring." A full break down of the entire plan would be forthcoming in the next few weeks, as the company transitioned into this current cost cutting phase before the ending of the final 2011 quarter.
I don't know what to say about this, I've never really thought that something like this would ever happen. The only think I can think to console anyone is...