Disney Buys Pixar for $7.4 Billion
Disney issued a press release today announcing that they were acquiring Pixar in an all-stock transaction valued at $7.4 billion. According to the press release:
Pixar President Ed Catmull will serve as President of the new Pixar and Disney animation studios, reporting to Iger and Dick Cook, Chairman of The Walt Disney Studios. Pixar Executive Vice President John Lasseter will be Chief Creative Officer of the animation studios, as well as Principal Creative Advisor at Walt Disney Imagineering, where he will provide his expertise in the design of new attractions for Disney theme parks around the world, reporting directly to Iger.
Meanwhile, Pixar Chairman and CEO Steve Jobs will be appointed to Disney's Board of Directors.
Steve Jobs is the present CEO of Apple Computer and there has been speculation about what consequences his new ties to Disney may have. Indeed, bringing Apple and Disney closer together with Jobs' involvement may cause some friction in future potential deals between Apple and other studios.
Pixar President Ed Catmull will serve as President of the new Pixar and Disney animation studios, reporting to Iger and Dick Cook, Chairman of The Walt Disney Studios. Pixar Executive Vice President John Lasseter will be Chief Creative Officer of the animation studios, as well as Principal Creative Advisor at Walt Disney Imagineering, where he will provide his expertise in the design of new attractions for Disney theme parks around the world, reporting directly to Iger.
Meanwhile, Pixar Chairman and CEO Steve Jobs will be appointed to Disney's Board of Directors.
Steve Jobs is the present CEO of Apple Computer and there has been speculation about what consequences his new ties to Disney may have. Indeed, bringing Apple and Disney closer together with Jobs' involvement may cause some friction in future potential deals between Apple and other studios.
Top Rated Comments
(View all)
79 months ago
Bob Iger, watch your back!
You know what happened the last time Steve was appointed to a board....
You know what happened the last time Steve was appointed to a board....
79 months ago
I guess this rings the death knell for traditional cell animation. Especially being from the Disney name.
79 months ago
i wonder if steve jobs can save disney?
he's got a lot of spark but he is getting older!
should make it easy to get more content for itunes; not that abc has anything to offer at the moment
he's got a lot of spark but he is getting older!
should make it easy to get more content for itunes; not that abc has anything to offer at the moment
79 months ago
so how many shares does steve have. We will see feature length content on itvs next tuesday. That will be steve's first action on the board.
79 months ago
Will Jobs be active among the Disney Board of Directors? Will this bring even more media over to the iTunes Store (probably)? How will the rest of the media industry react?
The coming years are going to be VERY interesting for Disney, Pixar (now Disney), and Apple.
w00amster
The coming years are going to be VERY interesting for Disney, Pixar (now Disney), and Apple.
w00amster
79 months ago
Bob Iger, watch your back!
You know what happened the last time Steve was appointed to a board....
Oh, and one more thing...
Introducting MacWorld Orlando. And MacWorld Anaheim, MacWorld Paris, MacWorld Hong Kong, and MacWorld Tokyo.
The whole world in our pocket.
79 months ago
Oh, and one more thing...
Introducting MacWorld Orlando. And MacWorld Anaheim, MacWorld Paris, MacWorld Hong Kong, and MacWorld Tokyo.
The whole world in our pocket.
turn disney world into a giant apple store, seems like a good idea.
Soon, steve will become CEO and majority shareholder, and have apple buy disney for a very small amount of money.
To be serious, this could be a good move for jobs and apple.
79 months ago
If Steve Jobs isn't head of Disney before the year is out I will switch to Windows.
If he is head by the end of the year I may have to switch to Windows in 5 years!
If he is head by the end of the year I may have to switch to Windows in 5 years!
[ Read All Comments ]
Analytics firm Chitika today released a report showing that by its metrics iOS has now surpassed OS X in overall web traffic share in the United States. Chitika's methodology involves an analysis...
One of the most frequent reasons for an iPhone to go on a trip to the Apple Store's Genius Bar is because of water damage. Typically, a water damaged iPhone can be replaced for a flat $199...
TheVerge's Joshua Topolsky summarizes the iPad 3 casing findings reported earlier today, but also adds his own sources regarding some details of the iPad 3.
Image from RepairLabs
As...
Last July, Apple discontinued the white MacBook from its consumer lineup, pushing consumers toward the company's popular MacBook Air line or the 13-inch MacBook Pro. The company didn't kill...
Popular iPhone Twitter client Tweetbot has finally arrived on the iPad, with a user interface instantly familiar to any current Tweetbot user. Designed for the Twitter power-user, Tweetbot packs a...
