It is believed that Pixar's next film about a rat living in a fancy Parisian restaurant, tentatively titled "Ratatouille" may be released on and that a "Toy Story 3" may be in the works as well. Jobs said during the conference call that nothing has been decided about future Pixar releases yet, but added that the company feels strongly about making sequels to some of its previous hits. And Iger said that announced plans for Disney-produced animated films, including the release of "American Dog" in and "Rapunzel Unbraided" in , are still on track.
It would have been unthinkable to imagine Disney and Pixar teaming up just a few years ago. The two companies broke off talks to extend their current distribution agreement in due to a strained relationship between Jobs and former Disney CEO Michael Eisner. But since Iger succeeded Eisner last year, he has extended an olive branch to Jobs. Disney and Apple have already announced several online programming deals during the past few months.
Cuggino said the addition of Jobs, who will also become Disney's largest individual shareholder, to Disney's board could mean that more innovative digital deals could be in the works. It's an opportunity to bring some youthful energetic thinking to Disney's board. Disney, like many other large media companies, has seen its stock price stagnate during the past year as investors have flocked to more rapidly growing digital media firms such as Apple as well as search engines Google Research and Yahoo!
But Logsdon said the acquisition of Pixar could help Disney increase revenue throughout all of its business lines. So even though some may be quibbling in the short-term about how much Disney had to spend, he thinks Disney made the right move.
Steve Jobs to become board member at Disney. By Paul R. Did Disney pay too much for Pixar? Is Pixar owned by Apple? What movies did Steve Jobs make at Pixar? Who currently owns Pixar? What was the first Pixar short?
Did Steve Jobs ever acknowledge the Apple 2 team? What was the first Disney movie? In addition, 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. Both Disney and Pixar animation units will retain their current operations and locations.
We can think of nothing better for us than to continue to make great movies with Disney. The acquisition brings to Disney the talented creative teams behind the tremendously popular original Pixar blockbusters, who will now be involved in the nurturing and future development of these properties, including potential feature animation sequels. Disney will also have increased ability to fully capitalize on Pixar-created characters and franchises on high-growth digital platforms such as video games, broadband and wireless, as well as traditional media outlets, including theme parks, consumer products and live stage plays.
It is exciting to continue in this tradition with Disney, the studio that started it all. Disney first entered into a feature film agreement with Pixar in , resulting in the release of Toy Story, which was hailed as an instant classic upon its release in November In , Disney extended its relationship with Pixar by entering into a co-production agreement, under which Pixar agreed to produce on an exclusive basis five original computer-animated feature films for distribution by Disney.
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