A second movie of "Monsters, Inc." had been planned since 2005. Following disagreements between then-Disney CEO Michael Eisner and then-Pixar owner Steve Jobs, Disney (who at the time owned the rights to make sequels to all of Pixar's films until the movie "Cars" was released) announced that a sequel to "Monsters, Inc." would be made by Circle 7 Animation. Circle 7 were also working on an early draft of "Toy Story 3" at the time.