Disney Buys Pixar for $7.4 Billion

MacRumors · Jan 24, 2006, 04:18 PM

http://www.macrumors.com/images/macrumorsthreadlogo.gif

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.

icrew · Jan 24, 2006, 04:20 PM

Bob Iger, watch your back!

You know what happened the last time Steve was appointed to a board....

JesseJames · Jan 24, 2006, 04:21 PM

I guess this rings the death knell for traditional cell animation. Especially being from the Disney name.

swingerofbirch · Jan 24, 2006, 04:21 PM

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

yankeefan24 · Jan 24, 2006, 04:22 PM

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.

iGary · Jan 24, 2006, 04:22 PM

Steve just took his first step toward retirement.

w00master · Jan 24, 2006, 04:22 PM

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

richdun · Jan 24, 2006, 04:23 PM

Quote:

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.

yankeefan24 · Jan 24, 2006, 04:26 PM

Quote:

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.

jacobj · Jan 24, 2006, 04:31 PM

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!

skidooairman · Jan 24, 2006, 04:34 PM

Ah ****, I hope we dont get "Herbie and Benji" on iTunes.

Jan 24, 2006, 04:35 PM

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...

Bob Knob · Jan 24, 2006, 04:36 PM

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!

theahnman · Jan 24, 2006, 04:36 PM

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?

mcarnes · Jan 24, 2006, 04:37 PM

Adobe buys Macro

Disney buys Pixar

Hell, what's next?

Nastard · Jan 24, 2006, 04:37 PM

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.

derajfast · Jan 24, 2006, 04:37 PM

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

Doctor Q · Jan 24, 2006, 04:37 PM

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?

p0intblank · Jan 24, 2006, 04:38 PM

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?

Rustus Maximus · Jan 24, 2006, 04:39 PM

Quote:

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

Bob Knob · Jan 24, 2006, 04:39 PM

CNN (Headline News) is announcing that an interview with Jobs is coming up in the next hour.

PlaceofDis · Jan 24, 2006, 04:40 PM

be interesting to see how all of this ends up panning out. interesting times ahead for sure.

theahnman · Jan 24, 2006, 04:43 PM

Got in on AAPL last February...
My portfolio is happy.

~Shard~ · Jan 24, 2006, 04:46 PM

Quote:

Originally Posted by theahnman

Got in on AAPL last February...
My portfolio is happy.

Shorted AAPL last Tuesday - my portfolio is happy as well.

runplaysleeprun · Jan 24, 2006, 04:47 PM

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?

Jan 24, 2006, 04:18 PM	#1
MacRumors macrumors bot Join Date: Apr 2001	Disney Buys Pixar for $7.4 Billion http://www.macrumors.com/images/macrumorsthreadlogo.gif 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.
	0

Jan 24, 2006, 04:20 PM	#2
icrew macrumors member Join Date: Feb 2003	Watch your back Bob Iger, watch your back! You know what happened the last time Steve was appointed to a board....
	0

Jan 24, 2006, 04:21 PM	#3
JesseJames macrumors 6502a Join Date: Mar 2003 Location: How'd I get here? How can I leave?	I guess this rings the death knell for traditional cell animation. Especially being from the Disney name. __________________ You fools. What have you done?! 933Mghz G4, 1.25GB RAM OS 10.3.9
	0

Jan 24, 2006, 04:22 PM	#5
yankeefan24 macrumors 65816 Join Date: Dec 2005 Location: NYC	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. __________________ MacBook "Black Edition" 23" ACD Disclaimer: Never take facts I state in a post as totally 100% correct unless otherwise stated.
	0

Jan 24, 2006, 04:22 PM	#7
w00master macrumors 6502a Join Date: Jul 2002	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. w00amster
	0

Jan 24, 2006, 04:21 PM	#4
swingerofbirch macrumors 68020 Join Date: Oct 2003 Location: The Amalgamated States of Central North America	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
	0

Jan 24, 2006, 04:22 PM	#6
iGary Guest Join Date: May 2004 Location: Randy's House	Steve just took his first step toward retirement.
	0

Jan 24, 2006, 04:31 PM	#10
jacobj macrumors 6502a Join Date: Apr 2003 Location: Jersey	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! __________________ "Insanity in individuals is something rare - but in groups, parties, nations and epochs, it is the rule" - Friedrich Nietzsche
	0

Jan 24, 2006, 04:34 PM	#11
skidooairman Banned Join Date: Jan 2006 Location: Vostok, Antarctica	Ah ** Ah **, I hope we dont get "Herbie and Benji" on iTunes.
	0

Jan 24, 2006, 04:35 PM	#12
CompUser Guest	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...
	0

Jan 24, 2006, 04:36 PM	#13
Bob Knob macrumors 6502 Join Date: Mar 2003	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!
	0

Jan 24, 2006, 04:36 PM	#14
theahnman macrumors member Join Date: Sep 2003 Location: Annandale, VA	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?
	0

Jan 24, 2006, 04:37 PM	#15
mcarnes macrumors 68000 Join Date: Mar 2004 Location: USA! USA!	Adobe buys Macro Disney buys Pixar Hell, what's next?
	0

Jan 24, 2006, 04:37 PM	#16
Nastard macrumors newbie Join Date: Jan 2004 Location: Denver, CO	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.
	0

Jan 24, 2006, 04:37 PM	#18
Doctor Q macrumors god Join Date: Sep 2002 Location: Blood Donation Center	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? __________________ I support the MacRumors Blood Drive!
	0

Jan 24, 2006, 04:38 PM	#19
p0intblank macrumors 68030 Join Date: Sep 2005 Location: New Jersey, USA	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?
	0

Jan 24, 2006, 04:39 PM	#21
Bob Knob macrumors 6502 Join Date: Mar 2003	CNN (Headline News) is announcing that an interview with Jobs is coming up in the next hour.
	0

Jan 24, 2006, 04:40 PM	#22
PlaceofDis macrumors 604 Join Date: Jan 2004 Location: Chicago.	be interesting to see how all of this ends up panning out. interesting times ahead for sure.
	0

Jan 24, 2006, 04:43 PM	#23
theahnman macrumors member Join Date: Sep 2003 Location: Annandale, VA	Aapl Got in on AAPL last February... My portfolio is happy.
	0

Jan 24, 2006, 04:47 PM	#25
runplaysleeprun macrumors 6502a Join Date: Jul 2004 Location: Chicago, IL	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? __________________ [SIZE=1]Hack Pro Intel Core 2 Quad 3.1ghz 4gb running 10.7, Macbook 2Ghz 2Gb, Dell Mini 9 running 10.5.6 32 gig iPhone 4
	0

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