Disney to Buy Pixar for $7.4 Billion
Well, it looks like Walt Disney Co. is going to purchase Pixar Animation Studies for a whopping $7.4 billion. Pixar has created films such as "Toy Story", "Monsters Inc" and "Finding Nemo". Steve Jobs (current CEO of Pixar) will move into a new role at Disney and be on Disney's board. Other high ranking executives at Pixar will also move into new positions.
Although Disney and Pixar have worked together for the past 12 years with Disney co-financing and distributing Pixar's films, their original deal would expire in June and would most likely not be renewed.
I'll be interested to see what the new company can do without the competition but rather the joint collaborations which can come. I hope it becomes even better than ever, rather than feeling overconfident in not having to compete for excellence.
The last few years Disney has struggled to create box-office hits and many of their latest films have been flops such as "Treasure Planet" and "Home on the Range." Pixar has been consistent in producing fun, adventure-filled and creative films. I hope the union of the companies will not stifle their creativity and ability to continue.
Although Disney and Pixar have worked together for the past 12 years with Disney co-financing and distributing Pixar's films, their original deal would expire in June and would most likely not be renewed.
I'll be interested to see what the new company can do without the competition but rather the joint collaborations which can come. I hope it becomes even better than ever, rather than feeling overconfident in not having to compete for excellence.
The last few years Disney has struggled to create box-office hits and many of their latest films have been flops such as "Treasure Planet" and "Home on the Range." Pixar has been consistent in producing fun, adventure-filled and creative films. I hope the union of the companies will not stifle their creativity and ability to continue.
posted by RoMay J. Allen at 6:24 PM
0 Comments:
Post a Comment
<< Home