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Disney Acquires Pixar

This is a discussion on Disney Acquires Pixar within the Entertainment forums, part of the Entertainment Forums category; Source: The Walt Disney Company January 24, 2006 Robert A. Iger, President and Chief Executive Officer of The Walt Disney ...


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Old 01-24-2006, 06:43 PM   #1 (permalink)
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Disney Acquires Pixar

Source: The Walt Disney Company
January 24, 2006

Robert A. Iger, President and Chief Executive Officer of The Walt Disney Company, announced today that Disney has agreed to acquire computer animation leader Pixar in an all-stock transaction, expected to be completed by this summer. Under terms of the agreement, 2.3 Disney shares will be issued for each Pixar share. Based on Pixar's fully diluted shares outstanding, the transaction value is $7.4 billion ($6.3 billion net of Pixar's cash of just over $1 billion).

This acquisition combines Pixar's preeminent creative and technological resources with Disney's unparalleled portfolio of world-class family entertainment, characters, theme parks and other franchises, resulting in vast potential for new landmark creative output and technological innovation that can fuel future growth across Disney's businesses. Garnering an impressive 20 Academy Awards, Pixar's creative team and global box office success have made it a leader in quality family entertainment through incomparable storytelling abilities, creative vision and innovative technical artistry.

It looks like Steve Jobs is in line to become the next Walt Disney if he wants to be. lol
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Old 01-24-2006, 08:53 PM   #2 (permalink)
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I'm actually surprise it took this long for them to purchase Pixar, it's a good buy for them though.
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Old 01-25-2006, 08:26 AM   #3 (permalink)
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Pixars are easily the best kids movies (I have two kids). The animation is ten times better than normal cartoons.

My favorite Pixar movie is Monsters Inc. Weeeeee.


I think Disney just spent their money wisely. Soon every kids movie will be Pixar. Also the fact that 90% of people probably already thought that Disney WAS Pixar.

hah
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Old 01-25-2006, 08:37 AM   #4 (permalink)
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Pixar characters frequent Disney Parks so I take is there was a connection already.
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Old 01-25-2006, 07:27 PM   #5 (permalink)
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Pixar only worked with Disney so this was only to make it official. I'm glad this happened since it means that Pixar will be handling Toy Story 3 after all, I wouldn't want anyone else making it.
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Old 01-25-2006, 07:42 PM   #6 (permalink)
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Quote:
Originally Posted by Mr. Kennedy
Pixar only worked with Disney so this was only to make it official. I'm glad this happened since it means that Pixar will be handling Toy Story 3 after all, I wouldn't want anyone else making it.
That's still up in the air though.

Disney has already spent a ton of money preparing to make the movie without Pixar.

They would stand to lost a lot of money if they didn't proceed as planned with the project.

At least that was the last article I read on the matter.
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Old 01-26-2006, 05:45 AM   #7 (permalink)
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They still haven't got Tom Hanks or Tim Allen to sign up to it yet though so it would be pointless going ahead with it until they get the talent on board.

Also the guy who voices Hamm will only work with Pixar too.
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Old 01-26-2006, 11:58 AM   #8 (permalink)
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Toy Story 3 Cancelled
Source: Animated News, DJW
January 26, 2006

With Disney's acquisition of Pixar, Pixar President Ed Catmull was named President of the new Pixar and Disney animation studios and Pixar Executive Vice President John Lasseter is the new Chief Creative Office of the animation studios, as well as Principal Creative Advisor at Walt Disney Imagineering.

According to a poster at Animation Nation, Catmull and Lasseter "announced to Feature Animation employees [Tuesday] that the 'Toy Story 3' production will end effectively [Tuesday]. They said that sequels should only be made if there is a really great story that demands it, and should be the domain of those who created the original film."

An Associated Press article from Tuesday about the acquisition confirms the news:

One immediate sign of Lasseter's influence is that plans for Disney to make the long rumored sequel "Toy Story 3" on its own have been scrapped. If the film is made, it will be done by Lasseter and the other creators of the original film, the companies said.

Bradley Raymond was announced as the director of Toy Story 3, which was scheduled to open in 2008. In the film, Buzz Lightyear would have been recalled to Taiwan after a series of malfunctions. Learning of a productwide recall, all the toys in Andy's room, under Woody's leadership, were to head to Taiwan to save Buzz from doom
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Old 01-26-2006, 07:19 PM   #9 (permalink)
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It sounds like it will still be made, but Pixar will start from scratch. I wonder if they would keep the story though or come up with something different.
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