Upcoming Pixar has pointed me to news from Pixar Collector reporting the character you see above is named Lotso and apparently he will be featured in Toy Story 3 due in theaters on June 18, 2010.
This isn’t the first time this character has been mentioned, as his existence was first brought up by Jonas Rivera, the producer of next week’s new Pixar film Up, told MTV you could watch the teaser trailer for Up and “under her bed is one of the new stars of Toy Story 3.” As you can see in the image below, Lotso is featured in the lower left corner of a room filled with Pixar memorabilia.
Pixar is known for hiding past and future characters in all of their films so be on the look out when Up hits theaters on May 29, there may be more.
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