in 2005, after disagreements between disney's michael eisner and pixar's steve jobs over the distribution of pixar's films, disney announced that they would be creating a new animation studio, circle 7 animation, to make sequels to the seven disney-owned pixar films (which consisted of the films released between 1995 and 2011). the studio had put "toy story 4" and "monsters at work" in development, and had also hired screenwriter laurie craig to write a draft for "finding nemo 2". circle 7 was subsequently shut down after robert iger replaced eisner as ceo of disney and arranged the acquisition of pixar.