Good news has come from the Mouse House! John Lasseter, chief creative officer of Pixar and Disney Animation Studios announced at a shareholder meeting recently that Disney is "in production on Toy Story 3" with a scheduled release date in 2010.

The Hollywood Reporter reports:

Tom Hanks and Tim Allen are back on board to voice Buzz Lightyear and Woody.

The screenplay is by Michael Arndt, who just won the original screenplay Academy Award for "Little Miss Sunshine," according to Lasseter, who said: "We got a great story."

Disney's first hand-animated movie in years has also gotten a start in its production schedule:

He also announced - to much applause - that Disney Animation has started production on "Frog Princess," which goes back to hand-drawn animation and classic Disney fairytales. "Aladdin" and "Little Mermaid" creators Ron Clements and John Musker are the creative forces behind the animated musical, which "takes place entirely in New Orleans," features "the very first African American Disney princess" and includes a "soulful singing alligator," Lasseter said.

Other movies announced by Lasseter are "Wall-E," a futuristic story about a robot who comes to clean the Earth's trash after humans abandon it, and "American Dog," a story about a dog with superpowers that realizes that he's a TV character and must figure out how to function in the real world. "Wall-E" will be written and directed Andrew Stanton (Finding Nemo).

Click the Read link below to read the entire article from The Hollywood Reporter.