Disney to buy Pixar…
Posted on | January 22, 2006 | No Comments
Rumors have it that Pixar will meet Monday to discuss the Disney take over for $7B. If the deal goes through as expected, Steve Jobs, the CEO of Apple and Pixar, will be the single largest share holder of Disney, with $3.5B in shares.
Jobs, purchased Pixar from LucasFilm in 1986 for $10m. Pioneering industry standards for computer animation, Pixar has 5 hits under its belt with Toy Story, Bugs Life, Monsters Inc, The Incredibles and Finding Nemo. These films were all distributed by Disney, however this distribution agreement will end with Cars, Pixar’s Summer Release.
Disney’s first computer generated film, Chicken Little, did not perform as Disney Executive would have liked. Chicken Little has made $279m since it was release in November. In fact Disney has failed to produce a major animation hit in years. In comparison:
- $356M – Toy Story (1995)
- $358M – Bugs Life (1998)
- $486M – Toy Story 2 (1999)
- $523M – Monsters Inc. (2001)
- $864M – Finding Nemo (2003)
- $631M – The Incredibles (2004)
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You've found the blog of Shane Hale, a Web Project Manager, Internet Marketer and Social Media Junkie in San Diego, California.
Here you'll find random thoughts, inspirational moments, and generally things that may interest me or catch my eye. Enjoy!
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