Pixar's Board Says Yes to Disney
Pixar's board of directors has approved Disney's offer to acquire the company for $7.4 billion, the Los Angeles Times reports. Under the deal, Pixar CEO Steve Jobs will join Disney's board and will become the combined company's largest shareholder. John Lasseter, the director of "Toy Story" and Pixar's chief creative officer "will be chief creative officer of both animation studios and will advise Walt Disney Imagineering on the design of new attractions for Disney theme parks." Pixar's shareholders must still approve the deal however.
"Disney and Pixar can now collaborate without the barriers that come from two different companies with two different sets of shareholders," Jobs said in a statement. "Now, everyone can focus on what is most important, creating innovative stories, characters and films that delight millions of people around the world."
The distribution agreement between the two companies is to end with the forthcoming "Cars."
"Disney and Pixar can now collaborate without the barriers that come from two different companies with two different sets of shareholders," Jobs said in a statement. "Now, everyone can focus on what is most important, creating innovative stories, characters and films that delight millions of people around the world."
The distribution agreement between the two companies is to end with the forthcoming "Cars."
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| Celeb: | John Lasseter |
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| Cars |
(1-17 of 17 posts) | Reply
on Jan 24 2006 03:29 PM I hoep this means Pixar will do Toy Story 3. If they do, it could beat Shrek 2. (Reply to this) |
on Jan 24 2006 03:54 PM Steve Jobs, taking control of the world one company at a time. (Reply to this) |
on Jan 24 2006 05:28 PM [b]hey so disney isnt as stupid as I thought[/b] see this just means that flushing noise when pixar left was just some company toilet and not the company itself (Reply to this) |
on Jan 24 2006 07:23 PM With Jobs taking a board slot and becoming the largest shareholder, it sounds like Pixar made out like a bandit on this deal. (Reply to this) |
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on Jan 24 2006 08:00 PM best news I've heard all day. and they're making more disneyland rides!! wheee!!! god I love disneyland :P (Reply to this) |
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on Jan 24 2006 08:36 PM In reply to this comment (#830345) Yea, Steve Jobs and his 2% Apple market share. Hardly a take over. (Reply to this) |
on Jan 24 2006 08:53 PM Good news I was watching a video a couple minutes ago in which Steve Jobs said he could've never imagined this happening two or three years ago. In other words as long as Richard Eisner was around. (Reply to this) |
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on Jan 25 2006 07:18 AM Does Jobs have anything to do with Pixar's success in the last 10 years? (Reply to this) |
on Jan 25 2006 11:15 AM NOO!!! Stupid Pixar... they would've done much better on their own... (Reply to this) |
on Jan 25 2006 11:25 AM In reply to this comment (#830351) yes. produced the toy story movies and positioned the company to be a separate entity once the old disney contact ended with the coming 'cars'. basically, pixar would've been highly successful—commerical and popular—on it's own. the disney deal it lucrative both creative and financial; a win-win for both companies. jobs saw the potential and developed it into pixar. he also bought what was pixar from george lucas' ILM studio for a mere $10 million. spinning that into a $7BL company 20 years later, yeah i'd say he had something to do about it. (Reply to this) |
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on Jan 25 2006 11:53 AM Well at least Disney won't be making a whole bunch of retarded sequels to Pixar's movies now. They will actually have a chance to be good, and not straight to video like all the sequels to Disney's classics. (Reply to this) |
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on Jan 25 2006 02:57 PM I was kind of hoping Pixar would branch out on their own now. Oh well.... And screw all the Disney haters! Fools! (Reply to this) |
on Jan 25 2006 08:04 PM I have to admit, I'm no longer a Disney hater just because of this deal. This may sound lame, but there should be a true (better) sequel to Lilo & Stitch with the help of PIXAR. (Reply to this) |
on Jan 26 2006 09:01 AM AAAAAGHHHHHHHH!!! I died. I died I'm dead I died. John Lasseter is the director of animation at Disney!!! JOHN LASSETER!!! DIRECTOR OF ANIMATION!! Animation fans and employees are rejoicing - this is one of the best things that's happened to the company in years. (Reply to this) |
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on Jan 26 2006 11:57 AM In reply to this comment (#830352) How is this stupid? Basically with the positioning of Jobs and Lasseter from the buyout, Pixar has virtually taken over Disney and receiveved $7.4 billion for it. (Reply to this) |
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on Jan 26 2006 11:31 PM I think pixar would have done better on their own. They used Disney to get started, kinda like a crutch, and now they can make profitable movies on their own credentials. Disney's just trying to stay around to be "cool" seeing as anything they make without pixar turns to shit, Chicken Little, anyone? Now they're just hanging round like a hooker after they've been paid. (Reply to this) |
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on Jan 27 2006 11:48 AM In reply to this comment (#830359) Jobs and Lasseter are the genius behind Pixar and with this merger they now are the genius running Disney, so technically Pixar is still on their own so to speak. Now, they just have infinitely more capital in which to make future films. (Reply to this) |
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