Is the toy story figure licensed by disney?

Quick Answer
Yes, because Toy Story is a Disney‑Pixar franchise, Disney holds the rights and licenses the toy figures.
Explanation
Toy Story is a Disney‑Pixar franchise, as indicated by the Wikipedia entry on Buzz Lightyear and the knowledge graph. Disney owns the intellectual property for the Toy Story universe, and it has historically licensed third‑party manufacturers to produce action figures and other merchandise based on the characters. Therefore, any official Toy Story figures are licensed by Disney.
Production Information
Director: Andrew Stanton
Studio: Pixar
Released: June 17, 2026
Rating: 7.4/10
Source Material: Toy Story Collection
#toy-story#disney#pixar#licensing#toys
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