Following the release of "Toy Story 2" in 1999, Pixar and Disney had a gentlemen's agreement that Disney would not make any sequels without Pixar's involvement though retaining a right to do so. After the two companies were unable to agree on a new deal, Disney announced in 2004 they would plan to move forward on sequels with or without Pixar and put "Toy Story 3" into pre-production at Disney's then-new CGI division Circle 7 Animation. However, when Lasseter was placed in charge of all Disney and Pixar animation following Disney's acquisition of Pixar in 2006, he put all sequels on hold and "Toy Story 3" was canceled. In May 2006, it was announced that "Toy Story 3" was back in pre-production with a new plot and under Pixar's control. The film was released on June 18, 2010, as Pixar's eleventh feature film.