Disney Buys Pixar for $7.4 Billion

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Apr 12, 2001
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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.
 

icrew

macrumors member
Feb 18, 2003
74
25
Watch your back

Bob Iger, watch your back!

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

yankeefan24

macrumors 65816
Dec 24, 2005
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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.
 

w00master

macrumors 65816
Jul 18, 2002
1,103
285
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
 

richdun

macrumors member
Sep 7, 2005
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0
icrew said:
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

macrumors 65816
Dec 24, 2005
1,104
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NYC
richdun said:
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

macrumors 65816
Apr 22, 2003
1,125
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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!
 
C

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...
 

Bob Knob

macrumors 6502
Mar 20, 2003
271
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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!
 

theahnman

macrumors member
Sep 8, 2003
35
0
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?
 

Nastard

macrumors newbie
Jan 6, 2004
21
0
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.
 

derajfast

macrumors 6502a
Mar 24, 2004
784
0
CompUser said:
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

Administrator
Staff member
Sep 19, 2002
36,054
3,280
Los Angeles
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?
 

Bob Knob

macrumors 6502
Mar 20, 2003
271
0
CNN (Headline News) is announcing that an interview with Jobs is coming up in the next hour.