Pixar and Disney Part

**MrMeJW** · 01-29-2004, 09:48 PM

After nearly a year of negotiations, Pixar Animation Studios has ended its talks with The Walt Disney Company to extend their existing five-picture deal and will begin negotiations with other studios to distribute its films beginning in 2006.

"After ten months of trying to strike a deal with Disney, we're moving on," said Pixar CEO Steve Jobs in a statement released today. "We've had a great run together -- one of the most successful in Hollywood history -- and it's a shame that Disney won't be participating in Pixar's future successes."

Pixar owes two more films to Disney; Brad Bird's The Incredibles, due this November, and Cars, due in 2005. After that, Pixar is free. Under the terms of the existing agreement, Disney will retain the rights to distribute Pixar's first seven films, with Pixar continuing to receive its current share of the profits.

Interestingly, Disney will also have the rights to solely finance and produce sequels to the films if Pixar declines to co-finance and produce them under the terms of the current agreement. Let's see them try to get away with making a sequel to Finding Nemo.

To date, Pixar's five films -- Toy Story, Toy Story 2, A Bug's Life, Monsters, Inc. and Oscar nominee Finding Nemo -- have earned more than $2.5 billion at the worldwide box office and sold over 150 million DVDs and videos.

source: IGN

01-29-2004, 09:48 PM	#1
MrMeJW Posts: 2,869	Pixar and Disney Part After nearly a year of negotiations, Pixar Animation Studios has ended its talks with The Walt Disney Company to extend their existing five-picture deal and will begin negotiations with other studios to distribute its films beginning in 2006. "After ten months of trying to strike a deal with Disney, we're moving on," said Pixar CEO Steve Jobs in a statement released today. "We've had a great run together -- one of the most successful in Hollywood history -- and it's a shame that Disney won't be participating in Pixar's future successes." Pixar owes two more films to Disney; Brad Bird's The Incredibles, due this November, and Cars, due in 2005. After that, Pixar is free. Under the terms of the existing agreement, Disney will retain the rights to distribute Pixar's first seven films, with Pixar continuing to receive its current share of the profits. Interestingly, Disney will also have the rights to solely finance and produce sequels to the films if Pixar declines to co-finance and produce them under the terms of the current agreement. Let's see them try to get away with making a sequel to Finding Nemo. To date, Pixar's five films -- Toy Story, Toy Story 2, A Bug's Life, Monsters, Inc. and Oscar nominee Finding Nemo -- have earned more than $2.5 billion at the worldwide box office and sold over 150 million DVDs and videos. source: IGN