Disney acquires Pixar, Steve Jobs becomes largest Disney shareholder...

Tekneek · 01-24-2006, 04:48 PM

http://www.msnbc.msn.com/id/11003466/

Quote:

LOS ANGELES - Walt Disney Co. said Tuesday it is buying longtime partner Pixar Animation Studios Inc. for $7.4 billion in a deal that could restore Disney’s clout in animation while vaulting Pixar CEO Steve Jobs into a powerful role at the media conglomerate.

Disney will buy the maker of blockbuster films including “Toy Story" and “Finding Nemo” in an all-stock transaction that makes Jobs Disney’s largest shareholder. Jobs, who controls more than half of Pixar’s stock and also heads Apple Computer Inc., will also join Disney’s board.

In case anyone here finds this interesting...

Quote:

Pixar Executive Vice President John Lasseter will become chief creative officer of the animation studios and principal creative adviser at Walt Disney Imagineering, which designs and builds the company’s theme parks.

Schmidty · 01-24-2006, 04:48 PM

Didn't that own Pixar before? (no I didn't read the article)

Tekneek · 01-24-2006, 04:50 PM

Nope. They just had a very nice distribution and rights deal with Pixar. Now it will be a unit within Disney.

ThunderingHERD · 01-24-2006, 04:51 PM

I thought Pixar was pissed off at Disney? What happened?

Darkiller · 01-24-2006, 04:52 PM

That's HUGE news...

Tekneek · 01-24-2006, 04:53 PM

Quote:

Originally Posted by ThunderingHERD

I thought Pixar was pissed off at Disney? What happened?

Eisner left the company completely and Steve Jobs found he could get along with Robert Iger (Eisner's replacement).

Subby · 01-24-2006, 04:57 PM

Great move for Disney...

cthomer5000 · 01-24-2006, 06:03 PM

Quote:

Originally Posted by Chris

Great move for Disney...

Very, very desperate move for Disney. I think this is an admittance that they really have nothing original left. They realized that when Pixar was completely free of them (after Cars), they were screwed.

Good financial move, but i think it says more about the sad state of Disney itself than about their financial cunning.

Tekneek · 01-24-2006, 06:11 PM

Quote:

Originally Posted by cthomer5000

Very, very desperate move for Disney. I think this is an admittance that they really have nothing original left. They realized that when Pixar was completely free of them (after Cars), they were screwed.

Good financial move, but i think it says more about the sad state of Disney itself than about their financial cunning.

In all the time Pixar has had to negotiate new arrangements for post-Disney life, they reached no agreement with anybody else. Disney didn't want to let Pixar go, but Pixar didn't find the grass any greener anywhere else either.

You could do a lot worse out of "desperation" besides bringing in an entity considered to be the best in their class...nevermind having existing ties to Disney within the ranks that can apply to other parts of the company. It helps juice up a company that was damaged by the penny-pinching management hold that Eisner had once Frank Wells died.

01-24-2006, 04:48 PM	#2
Schmidty Coordinator Join Date: Apr 2001 Location: Early, TX	Didn't that own Pixar before? (no I didn't read the article) __________________ Just beat the devil out of it!!! - Bob Ross

01-24-2006, 04:51 PM	#4
ThunderingHERD College Benchwarmer Join Date: Oct 2000 Location: North Carolina	I thought Pixar was pissed off at Disney? What happened? __________________ "I'm losing my edge--to better looking people... with better ideas... and more talent. And who are actually really, really nice." "Everyone's a voyeurist--they're watching me watch them watch me right now."

01-24-2006, 04:52 PM	#5
Darkiller FOF2 Guy Join Date: Oct 2000 Location: Paris, France	That's HUGE news... __________________ FOF2 lives on / Continue to support the best game ever ! - Owner of the San Francisco 49ers in FOF2 - Charter member of the IHOF and owner of the Paris Musketeers franchise (FOF2004) - Chairman of the IHOF Hall of Fame - Athletic Director of the Brigham Young Cougars in TCY FOF Legend: Hall of Fame QB Brock Sheriff #5, one of the most popular player in Front Office Football history.

01-24-2006, 04:57 PM	#7
Subby lolzcat Join Date: Oct 2000 Location: sans pants	Great move for Disney... __________________ Superman was flying around and saw Wonder Woman getting a tan in the nude on her balcony. Superman said I going to hit that real fast. So he flys down toward Wonder Woman to hit it and their is a loud scream. The Invincible Man scream what just hit me in the ass!!!!! I do shit, I take pictures, I write about it: chrisshue.com

01-24-2006, 04:50 PM	#3
Tekneek Pro Rookie Join Date: Nov 2000 Location: USA	Nope. They just had a very nice distribution and rights deal with Pixar. Now it will be a unit within Disney.

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)