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Old Jan 24, 2006, 04:18 PM   #1
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Disney Buys Pixar for $7.4 Billion

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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.
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Old Jan 24, 2006, 04:20 PM   #2
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Watch your back

Bob Iger, watch your back!

You know what happened the last time Steve was appointed to a board....
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Old Jan 24, 2006, 04:21 PM   #3
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I guess this rings the death knell for traditional cell animation. Especially being from the Disney name.
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Old Jan 24, 2006, 04:21 PM   #4
swingerofbirch
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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
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Old Jan 24, 2006, 04:22 PM   #5
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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.
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Old Jan 24, 2006, 04:22 PM   #6
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Steve just took his first step toward retirement.
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Old Jan 24, 2006, 04:22 PM   #7
w00master
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Now it gets interesting...

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.

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Old Jan 24, 2006, 04:23 PM   #8
richdun
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Originally Posted by icrew
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.
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Old Jan 24, 2006, 04:26 PM   #9
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Originally Posted by richdun
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.
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Old Jan 24, 2006, 04:31 PM   #10
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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!
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Old Jan 24, 2006, 04:34 PM   #11
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Ah ****

Ah ****, I hope we dont get "Herbie and Benji" on iTunes.
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Old Jan 24, 2006, 04:35 PM   #12
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Are they keeping the "pixar" name?

I wish it was like the old days, a new disney channel original movie every month.

Johnny Tsunami
Rip Girls
Wish Upon a Star
Jet Jackson the Movie
Zenon girl of the 21st century
Zenon the Zeaqual
Zenon Z3
Smart House
Stepsister from planet wierd

and sooo many more...
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Old Jan 24, 2006, 04:36 PM   #13
Bob Knob
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John Lasseter is the real gain for Disney

Disney's creative juices have long since dried up, virtually all of the latest Disney creations have been flops... including their latest theme park attractions and parades. The big gain for Disney is going to come from John Lasseter's appointment to not only the Chief Creative Officer of the animation studios, but more importantly the Principal Creative Advisor at Walt Disney Imagineering!
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Old Jan 24, 2006, 04:36 PM   #14
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Mickey Mouse Club

Well, looks like the prospects of Disney-licensed iPods are most likely on the horizon...
Time to brainstorm clever names for new Disney/Apple cross-branded products...
Any takers?
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Old Jan 24, 2006, 04:37 PM   #15
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Adobe buys Macro

Disney buys Pixar

Hell, what's next?
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Old Jan 24, 2006, 04:37 PM   #16
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Now would be a good time to pick up some AAPL. You know, before the major content announcements in a few months.

iTunes has 14% of internet traffic. Imagine what adding the entire Disney/Miramax/ABC/Lifetime/ESPN/E!/et al catalogue would do for traffic. And what those sales would do for the sales of iPods. And what those sales would do for the promotion of Apple computers, not to mention Apple's stock price.
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Old Jan 24, 2006, 04:37 PM   #17
derajfast
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Quote:
Originally Posted by CompUser
Are they keeping the "pixar" name?

I wish it was like the old days, a new disney channel original movie every month.

Johnny Tsunami
Rip Girls
Wish Upon a Star
Jet Jackson the Movie
Zenon girl of the 21st century
Zenon the Zeaqual
Zenon Z3
Smart House
Stepsister from planet wierd

and sooo many more...
pixar will keep its name.....steve jobs said disney and pixar names have a lot of equity and itd be stupid to axe the name


now john lasseter gets some recognition for his genius
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Old Jan 24, 2006, 04:37 PM   #18
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Congrats, Steve.

Assuming that Disney-owned content in iTunes continues to grow, we'll have to see if other media holders are more inclined to distribute through iTunes because they need to compete with the growing Disney catalog there, or whether they will assume Disney is getting special deals and look to the competing distribution channels to avoid a negotiating disadvantage. Will Disney rivals think that support for iTunes = support for Steve Jobs = support for Disney?
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Old Jan 24, 2006, 04:38 PM   #19
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I'm not too keen on business talk... so what does all this mean for Steve Jobs? Is he no longer the CEO of Pixar or what?
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Old Jan 24, 2006, 04:39 PM   #20
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Originally Posted by JesseJames
I guess this rings the death knell for traditional cell animation. Especially being from the Disney name.
Not necessarily. I believe I've read somewhere that Pixar was, at one time, planning a 2-D studio.

http://www.aintitcool.com/display.cgi?id=16604
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Old Jan 24, 2006, 04:39 PM   #21
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CNN (Headline News) is announcing that an interview with Jobs is coming up in the next hour.
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Old Jan 24, 2006, 04:40 PM   #22
PlaceofDis
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be interesting to see how all of this ends up panning out. interesting times ahead for sure.
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Old Jan 24, 2006, 04:43 PM   #23
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Aapl

Got in on AAPL last February...
My portfolio is happy.
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Old Jan 24, 2006, 04:46 PM   #24
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Got in on AAPL last February...
My portfolio is happy.
Shorted AAPL last Tuesday - my portfolio is happy as well.
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Old Jan 24, 2006, 04:47 PM   #25
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Maybe this will finaly be the end to those terrible Mickey Mouse PCs. You know, the ones where the monitors have big Red ears sticking out?
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