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According to the 2005 annual report (the one for FY2004) for Pixar they were already putting into place the capacity to work towards two releases a year (acknowledging that just one a year created huge financial risks if they ever release a bomb).
So hopefully 2 a year won't be that bad. But it does raise the spector of 3 or 4 animated movies a year from Disney (in house, not even counting the various distribution contracts they live with Vanguard) which is probably getting to be too much even if each is a gem.
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