Tuesday, January 24, 2006
Wheat Bread with Honey Butter
As many of you know by now, Disney bought Pixar today. for $7.4Bil (yes thats BILLION)
This is a great move for both companies. Steve Jobs, John Lasseter, and Ed Catmull -- the folks who run Pixar -- will now be running all of Disney Animation, as well as the development of the Disney Theme Parks, and that means that there is a golden chance here to revitalize and restore the Disney legacy -- which most agree was lost over the last 10 years under the poor leadership of Michael Eisner.
At the same time, Pixar secures permanent distribution and marketing, reclaims ownership of all its films (and the possibility to make sequels), and frees itself up to focus increasingly on making movies (rather than marketing, distribution, legal, etc.) Steve, Bob Iger, Ed, and John all clearly believe very strongly in the great potential of the merger. Truth be told, this is probably the best thing to happen to animation since the release of Toy Story 10 years ago.
In terms of the daily world of Pixar, little is expected to change.
The deal was negotiated in such a way that Pixar will be exporting its culture to Disney, rather than the other way around, so the world of scooters and foosball and movie screenings will continue as normal.
Pixar shareholders will receive 2.3 Disney shares for every Pixar share they own, a move that will make Jobs the largest individual shareholder of Disney.
Pixar production slate will also remain as-is for the next couple years, after which, anything is possible, however you can probably assume that they'll be making Toy Story 3.
All further questions should be directed at the Pixar publicity office, 1-800-FIND-NEMO.
FYI: Steve jobs bought Pixar for $10mil then sells it to Disney for $7.4Bil.. Must be nice..
This is a great move for both companies. Steve Jobs, John Lasseter, and Ed Catmull -- the folks who run Pixar -- will now be running all of Disney Animation, as well as the development of the Disney Theme Parks, and that means that there is a golden chance here to revitalize and restore the Disney legacy -- which most agree was lost over the last 10 years under the poor leadership of Michael Eisner.
At the same time, Pixar secures permanent distribution and marketing, reclaims ownership of all its films (and the possibility to make sequels), and frees itself up to focus increasingly on making movies (rather than marketing, distribution, legal, etc.) Steve, Bob Iger, Ed, and John all clearly believe very strongly in the great potential of the merger. Truth be told, this is probably the best thing to happen to animation since the release of Toy Story 10 years ago.
In terms of the daily world of Pixar, little is expected to change.
The deal was negotiated in such a way that Pixar will be exporting its culture to Disney, rather than the other way around, so the world of scooters and foosball and movie screenings will continue as normal.
Pixar shareholders will receive 2.3 Disney shares for every Pixar share they own, a move that will make Jobs the largest individual shareholder of Disney.
Pixar production slate will also remain as-is for the next couple years, after which, anything is possible, however you can probably assume that they'll be making Toy Story 3.
All further questions should be directed at the Pixar publicity office, 1-800-FIND-NEMO.
FYI: Steve jobs bought Pixar for $10mil then sells it to Disney for $7.4Bil.. Must be nice..
