Film-Tech Cinema Systems
Film-Tech Forum ARCHIVE


  
my profile | my password | search | faq & rules | forum home
  next oldest topic   next newest topic
» Film-Tech Forum ARCHIVE   » Community   » Film-Yak   » Disney and Pixar talking again

   
Author Topic: Disney and Pixar talking again
Mike Blakesley
Film God

Posts: 12767
From: Forsyth, Montana
Registered: Jun 99


 - posted 06-09-2005 12:31 PM      Profile for Mike Blakesley   Author's Homepage   Email Mike Blakesley   Send New Private Message       Edit/Delete Post 
Found on the Orlando Sentinel website:

Disney and Pixar renew negotiations, Iger says

By Alex Armitage | Bloomberg News
Posted June 8, 2005

Walt Disney Co. has opened negotiations with Pixar Animation Studios to extend their movie-distribution deal, Disney President Robert Iger said Tuesday.

"We'd certainly like to figure out a way to continue to do business with them," Iger, 54, said during a Deutsche Bank conference in New York. "I think that's mutual. We've gotten to understand the issues that are most important to both sides, whether they're financial or creative."

The partnership, scheduled to expire next year, has already generated $3.2 billion in worldwide box-office receipts.

Iger's comments followed a remark last month that the companies had held "informal talks." The discussions signal relations between Disney, the No. 2 media company, and Pixar have warmed since Iger was picked to succeed Michael Eisner, 63, as chief executive officer in September. Eisner clashed with Pixar CEO Steven Jobs.

"If they are indeed talking, they might be heading in the right direction," said Adi Kishore, director of media and entertainment at Boston research firm Yankee Group.

Iger made the comments about renewing talks with Pixar in listing his accomplishments since March, when he was selected as Eisner's successor.

Disney spokeswoman Michelle Bergman would not comment. Pixar spokesman Nils Erdmann didn't return a call seeking comment.

Pixar last year halted talks to renew its Disney distribution contract, which ends in 2006 with the film Cars. The two companies split costs and profits equally after Disney receives distribution fees.

Shares of Pixar rose as high as $53.75 in extended trading after falling 67 cents to close at $52.71 in Nasdaq Stock Market composite trading. Disney shares rose 21 cents to close at $27.29 on the New York Stock Exchange.

Iger's comments also followed remarks Monday by Jobs, 50, who told financial news network CNBC that he has had some "great discussions with Bob Iger."

"We'll see where it goes," Jobs said. "We'll sit down and have some serious discussions, hopefully within the next month or two."

Under the partnership, Pixar has created six films including Toy Story, Toy Story 2, A Bug's Life, Monsters Inc., Finding Nemo and last year's The Incredibles.

Sentinel article

 |  IP: Logged

Adam Wilbert
Jedi Master Film Handler

Posts: 590
From: Bellingham, WA, USA
Registered: Mar 2002


 - posted 06-10-2005 12:44 AM      Profile for Adam Wilbert   Author's Homepage   Email Adam Wilbert   Send New Private Message       Edit/Delete Post 
Pixar can certainly hold their own, and with Disney's lame product offerings lately, I don't understand why Pixar would want to be associated with them anymore.

 |  IP: Logged

Mike Blakesley
Film God

Posts: 12767
From: Forsyth, Montana
Registered: Jun 99


 - posted 06-10-2005 12:17 PM      Profile for Mike Blakesley   Author's Homepage   Email Mike Blakesley   Send New Private Message       Edit/Delete Post 
Pixar can make a lot more money with Dis than with any other studio, due to the cross-marketing opportunities (theme parks, ABC TV, etc.). Then in about ten years when they've amassed enough money, they can just buy Disney out.

 |  IP: Logged



All times are Central (GMT -6:00)  
   Close Topic    Move Topic    Delete Topic    next oldest topic   next newest topic
 - Printer-friendly view of this topic
Hop To:



Powered by Infopop Corporation
UBB.classicTM 6.3.1.2

The Film-Tech Forums are designed for various members related to the cinema industry to express their opinions, viewpoints and testimonials on various products, services and events based upon speculation, personal knowledge and factual information through use, therefore all views represented here allow no liability upon the publishers of this web site and the owners of said views assume no liability for any ill will resulting from these postings. The posts made here are for educational as well as entertainment purposes and as such anyone viewing this portion of the website must accept these views as statements of the author of that opinion and agrees to release the authors from any and all liability.

© 1999-2020 Film-Tech Cinema Systems, LLC. All rights reserved.