Bob Iger succeeded Eisner as the new CEO of Disney in 2005. While viewing a parade at Hong Kong Disneyland that fall, Iger realized how badly Disney needed Pixar because all characters less than ten years old in the parade were from Pixar's films. In late January 2006, Iger and Jobs agreed to a deal in which Disney would purchase Pixar for $7.4 billion, with Pixar's leadership (Edwin Catmull and Lasseter) taking control of Disney's animation group. Under this new deal, Pixar would make "Toy Story 3" with an all-new script; director Andrew Stanton stated that Pixar purposely avoided looking at Circle 7's script.