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Disney Buys Pixar

ScuttleMonkey posted more than 8 years ago | from the not-just-for-rumor-mills-anymore dept.

Businesses 461

BlueDjinn writes to tell us that it appears a great deal of speculation over Disney's buyout of Pixar Animation Studios is in fact true. From the article: "[Pixar] is set to meet tomorrow to approve the company's $7bn (£3.9bn) takeover by Disney. The all-share deal will make Steve Jobs, the chief executive of Apple, around $3.5bn and the single largest shareholder in Disney. Jobs created Pixar in 1986 when he paid $10m for the computer animations division of Lucasfilm, owned by Star Wars creator George Lucas."

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461 comments

yay, i'm a troll (0, Offtopic)

jibjibjib (889679) | more than 8 years ago | (#14531870)

In soviet russia, Pixar buys YOU! but seriously, why do any of us actually care if disney owns Pixar or not? It doesn't make any difference to me.

Re:yay, i'm a troll (1, Funny)

vistic (556838) | more than 8 years ago | (#14531885)

you wanted to get the typical slashdot joke in there... and then you were worried it would just be modded down right away so you TRIED to add some value to your comment, but you sure didn't come up with much with your whole "but seriously why should we care" comment... but you had to submit it because you were worried if you didn't than you wouldn't still have first post. so sad.

Good luck to Steve J... (5, Interesting)

Anonymous Coward | more than 8 years ago | (#14531871)

Nobody deserves a few billion bucks more than he does, the way I figure it. If he manages to pull Disney out of their spiral of mediocrity, he'll have earned every penny...

Re:Good luck to Steve J... (5, Funny)

ettlz (639203) | more than 8 years ago | (#14531899)

If he manages to pull Disney out of their spiral of mediocrity, he'll have earned every penny...

Yes, because being the owner of the world's largest collection of turtle necks is an expensive hobby.

Re:Good luck to Steve J... (5, Interesting)

jcr (53032) | more than 8 years ago | (#14531931)

If it looks like Disney's paying attention to what the Pixar people tell them, then I'll be buying Disney shares this summer. The real key for Disney Animation is John Lasseter. If they put him in charge, expect great movies.

As for the business side of things, I hope this means we'll see ALL of the Disney archives available on line. I'll pay two bucks for Steamboat Willie on my iPod, and there's a whole lot of other classics I'd love to see again.

-jcr

Re:Good luck to Steve J... (4, Insightful)

bersl2 (689221) | more than 8 years ago | (#14531962)

I'll pay two bucks for Steamboat Willie on my iPod

NO! NO, NO, NO, NO, NO!

Thoughts like this will lead to Disney convincing Congress to retroactively extend copyright for another 20 years.

MOD PARENT +INF INSIGHTFUL! (5, Insightful)

mrchaotica (681592) | more than 8 years ago | (#14532014)

If it weren't for the assholes at Disney (and the *AA), you'd already be able to have Steamboat Willie on your iPod, for free!

Re:Good luck to Steve J... (3, Insightful)

garyboodhoo (945261) | more than 8 years ago | (#14532143)

Disney's not exactly known for it's ability to listen - to anyone. Not a matter of malevolence, just hubris. The company is a lot more than the animation division. In recent years they've made it pretty clear just how poorly animators and storytellers are regarded. Throwing money at the problem won't do a thing to change that.

Best possible case - Pixar is treated as an independent division, like Touchstone for example.

this sucks (5, Insightful)

Hank Chinaski (257573) | more than 8 years ago | (#14531872)

Now we will see Nemo 2, Nemo 3 (dvd only release) and a Nemo tv series, with each one getting a little crappier. Same for all other Pixar films.

Disney will milk the IP till the cow dies and will probably not fund development of new IP.

1) Buy Pixar
2) Milk IP
3) Short-time profit

Re:this sucks (4, Insightful)

Voltageaav (798022) | more than 8 years ago | (#14531888)

As Jobs is still the largest stockholder of the company, how many changes will really take place?

Re:this sucks (5, Interesting)

Hope Thelps (322083) | more than 8 years ago | (#14532011)

As Jobs is still the largest stockholder of the company, how many changes will really take place?

Unless I've totally misread the story, Disney will now be the sole owner of Pixar. Jobs will now (not still) be the single largest shareholder in Disney. That doesn't mean that he necessarily has the power to change its entrenched culture. I doubt he has anything like enough of a shreholding to replace the existing management, or to plausibly theaten to.

Re:this sucks (5, Interesting)

grahamlee (522375) | more than 8 years ago | (#14532205)

What this *does* mean is that Pixar will make any sequels to Toy Story et al, rather than Disney trying to do it with some crappy in-house team. The terms of the contract for Pixar's first five movies was that Disney had the rights to the characters and any spinoffs, exclusively. That's still true, but now they can guarantee on Pixar being on board to make said spinoffs. Oh, and Cars might finally get released ;-)
In other thoughts; does this sound like something we've seen before? Small Steve-owned company gets bought for vastly more than its market value by big failing company, Steve gets put in charge of big failing company, big failing company becomes big meteoric success company? Does the word NeXT spring to mind for anyone else?

Actually. (0)

Anonymous Coward | more than 8 years ago | (#14531903)

That was possible anyway. Disney's original agreements with Pixar gave them tremendous power over the works.

At least this turns Disney from a company who's business was pushing through ever more restrictive copyright legislation and manages a few theme parks into a company that makes something. Now, hopefull, their DVDs will be something other than awful.

Who knows, with people who've actually some ability to produce entertainment infusing the company, Monday Night Football next year might be something other than a tragic abortion.

Re:Actually. (1)

DrMrLordX (559371) | more than 8 years ago | (#14531928)

Agreed, Disney has already been milking Toy Story and the Buzz Lightyear franchise shamelessly. Ditto for Bug's Life.

Ok, what happens to Renderman now? (4, Interesting)

sgant (178166) | more than 8 years ago | (#14531993)

Is Disney going to keep selling PRman and PRman for Maya plug-ins? Will Catmull continue on with them? What's this all mean for Renderman? Will the software side split off into their own business?

I should say that the golden age of CG movies are now over. Now come the crap movies...the "me too" movies.

Honestly, has anyone really seen anything coming out that even remotely looks interesting? Chicken Little(already out last year)? Ice Age 2? Cars? Open Season? Over the Hedge? Any of these really grabbing you? How about Valiant(also out I believe...or did it go straight to video)? Or The Ant Bully? These are all coming out in the next few months. Have I missed any? Oh, forgot Hoodwinked, and Monster House.

Ah, the old Hollywood adage. If you can't make a buck with quality, then make it with quantity. "Teh peoples want teh CG! We gives them teh CG!"

Re:Ok, what happens to Renderman now? (5, Insightful)

jcr (53032) | more than 8 years ago | (#14532009)

I should say that the golden age of CG movies are now over.

That's a bit melodramatic, don't you think?

Now come the crap movies...the "me too" movies.

They're already here.. Didn't you hear about "Antz", the knock-off of "A Bug's Life"?

CGI is new tool. Some great movies will be made with it, and a probably a lot of crap, too. Take a look at some of the lesser movies that were being made at the same time as Citizen Kane. Did they keep Orson Wells from making his masterpiece?

-jcr

Re:Ok, what happens to Renderman now? (2, Interesting)

mrchaotica (681592) | more than 8 years ago | (#14532101)

Didn't you hear about "Antz", the knock-off of "A Bug's Life"?
Are you kidding? "A Bug's Life" was a knock-off of "Antz"! "A Bug's Life" was just a normal shallow Disney kiddie movie, but "Antz" had actual depth and social commentary (which, of course, is why "A Bug's Life" was more popular among the idiot masses).

Re:Ok, what happens to Renderman now? (5, Funny)

ozmanjusri (601766) | more than 8 years ago | (#14532176)

CGI is new tool. Some great movies will be made with it

Sure, I can see them now "Perl of the Orient" "Firewall Apache" and the classic "Slashdotted: As the Sun Went Down"

Re:this sucks (3, Funny)

FidelCatsro (861135) | more than 8 years ago | (#14532028)

Now that Steve Jobs is the Majority Shareholder I expect iNemo

Re:this sucks (5, Informative)

tverbeek (457094) | more than 8 years ago | (#14532166)

Now that Steve Jobs is the Majority Shareholder

"largest single shareholder" != "majority shareholder"

If my math is right, Jobs will own about 7% of the company. That happens to be more than any other one person owns, but it's way short of a majority.

Re:this sucks (5, Informative)

jeremymh (702977) | more than 8 years ago | (#14532042)

Disney already owned the rights to sequels to all of pixars' movies - they are already working on toy story 3 [cnn.com] and if you asked me yesterday I would have not doubted that they would do similar with the rest of pixars top films.

If anything, this could be good news as disney may not try to make the sequels themselves now that the relationship is "ok" with pixar again.

Re:this sucks (4, Interesting)

Heembo (916647) | more than 8 years ago | (#14532090)

More like Pixar employees running amok around Disney, with Jobs as the largest shareholder as their spirit guide. They are going to take over, just like the Next-tians took over Apples software division when Jobs returned. I For One, Welcome Jobs As Our Media Overlord.

"Bundling" tendencies will be interesting to see (4, Interesting)

EVil Lawyer (947367) | more than 8 years ago | (#14531877)

It will be interesting to see to what extent Jobs tries to "bundle" products, with the new market-power. For instance, will Disney-related animation software for children be available only for the Mac platform? Will a Disney DVD be included with the future iMac mini PVR/media box/whatever? etc.

Re:"Bundling" tendencies will be interesting to se (-1, Flamebait)

Anonymous Coward | more than 8 years ago | (#14531911)

That is a stupid thing to suggest, and you're a stupid person for suggesting it.

Mickey Bites The Apple (1)

sciop101 (583286) | more than 8 years ago | (#14531878)

Lousy movies called art!

More remakes of 60/70 TV shows into bad movies starring the Bimbo of the Day!

Hello! (1)

hardran3 (886094) | more than 8 years ago | (#14531879)

On one hand the biggest portable media gadget, on the other hand a massive media empire. hmmm. What's that Jobs guy doing now

Re:Hello! (0)

mrchaotica (681592) | more than 8 years ago | (#14531999)

You know, I've been glad that Apple's been having so much success with the iPod, because it's kept Microsoft from getting a DRM monopoly. But this... This scares me -- now Apple is going to get too powerful, and maybe get the DRM monopoly itself!

Re:Hello! (0)

Anonymous Coward | more than 8 years ago | (#14532079)

this already exists in some senses. fairplay...

yey for ogg!

Quelle Horreur (2, Funny)

ichin4 (878990) | more than 8 years ago | (#14531881)

Let me be the first to say...

NOOOOOOO!

Re:Quelle Horreur (4, Interesting)

tcdk (173945) | more than 8 years ago | (#14531922)

Ah, beat me to it! But let me echo it - I just have to:

Nooooooooooooooooooooo!

My son is two and a half and he's very much into animated movies. Nemo, Shrek (1+2), Toy Story (1+2), Winnie the Pooh (tons), Ice Age, Robots, etc, etc. Some of it a bit scary, so we are always by his side, so I've seen these movies a bazillion times.

The ones that last (both for us as adults and for him) are the Pixar ones. You can watch these movies again and again and they stay funny, and you can find new deepts in them. The disney ones are usually okay, but they always play the emotion card a bit heavily, which gets old really fast (dreamworks and fox is rather uneven, but usually okay, too).

Re:Quelle Horreur (1)

Carewolf (581105) | more than 8 years ago | (#14532015)

Just let it go. Dreamworks is the new Disney, and Disney destoys everything they touch. This is not going to change anytime soon as long as the same people have control over Disney.

Lamp (5, Interesting)

QBasicer (781745) | more than 8 years ago | (#14531883)

Hopefully they won't do away with that Pixar lamp, I kind liked the little guy.

Luxo Jr. (0)

Anonymous Coward | more than 8 years ago | (#14531980)

What kind of geek doesn't know that! Just how well adjusted are you?

Re:Lamp (5, Funny)

Shag (3737) | more than 8 years ago | (#14531987)

Luxo Jr? He'll survive. But they'll have to alter his image a little bit, so they can make a costume for someone to wear around Disneyworld.

pixar innovates (-1, Troll)

Anonymous Coward | more than 8 years ago | (#14531887)

disney repackages/copyrights folk tales (formerly public domain)

who else feels this TO is bad?

good lord (1)

theheff (894014) | more than 8 years ago | (#14531890)

This is something I didn't want to see happen... it's like taking the baby 3 months after birth and putting it back in the mother's womb. Only so long til something is bound to pop out again.

Re:good lord (0)

Anonymous Coward | more than 8 years ago | (#14532054)

Yes, a big steaming pile of poo.

my crystall ball... (5, Funny)

Anonymous Coward | more than 8 years ago | (#14531895)

...tells me that pixar is for sale in 10 years for 10m.

on a sidenote, what happens to renderman?

Our new software overlords (-1, Offtopic)

Anonymous Coward | more than 8 years ago | (#14531896)

Absolute CRAP. Steve Jobs will eventually become the Ying to Gates' Yang, and the two will rend the earth in a bitter battle for supremacy.

Might be OK (5, Interesting)

nighty5 (615965) | more than 8 years ago | (#14531898)

As slashdot sees Disney as mostly evil, it should be noted that most of the sceptical activities of Disney can be attributed to one man: http://en.wikipedia.org/wiki/Michael_Eisner [wikipedia.org].

I have a good feeling about the new CEO http://en.wikipedia.org/wiki/Robert_Iger [wikipedia.org]

Read up on these completely different management styles and then take a look at Disney again. Iger was responsible for talks to continue with Pixar, so its no suprise that it might lead to this.

true killer (1)

NaeRey (944457) | more than 8 years ago | (#14531900)

Disney is the true killer of humanity. We might see the Revenge of Nemo soon or something, with little murmaid being drawn with 3D graphics, and good-bye to old sketches... Pixar was doing fine by itself. It should have been the opposite, Pixar buying Disney....

Re:true killer (1)

wootest (694923) | more than 8 years ago | (#14531997)

Disney already carry the rights to do follow-ups to all films released by Pixar through Disney (basically all films from "Toy Story" through this year's "Cars") so they could already make trashy sequels. Would you rather have Pixar on this staff or off it? :)

That said, I also think Pixar was doing just fine on their own, although I also think they were in desperate need for a distribution partner with the Disney contract ending after "Cars".

Re:true killer (0)

Anonymous Coward | more than 8 years ago | (#14532019)

From where I stand, it's Pixar buying Disney via reverse takeover through share swap. Sweet!

the parallels are interesting (5, Insightful)

eobanb (823187) | more than 8 years ago | (#14531905)

The parallels here are almost amusingly similar to when Apple bought NeXT, ten years ago. Because so much of NeXT's advanced technology essentially displaced Apple's own struggling and dated codebase for the Mac OS to become Mac OS X, and Steve Jobs' own idea of a trimmed and stylish product line replaced the beige box Power Mac (insert four-digit number here), many industry analysts joked that 'NeXT had bought Apple for negative $400 million.'

Look at what's happening now! Like NeXT, one of Steve's projects, was bought by Apple, and its technology incorporated into the company to revamp its product line, Pixar, again a project of Steve, may very well save Disney. For the purists that either hate to see Disney's long-lived traditional animation replaced by computer 3D rendering, or fear that Disney will mishandle Pixar's talent and resources and bring an unfortunate end to the latter studio's remarkably successful run of films, consider two facts: since this isn't a hostile takeover, clearly the folks in charge at Pixar, Steve Jobs included, believe that this will be as good for Pixar as it will be for Disney. They wouldn't be doing this if they thought that Disney was going to ruin them. Also consider now that Steve Jobs is the largest shareholder at Disney. That really carries some weight. Steve has a reputation for getting what he wants, and I also don't doubt that he made this deal without knowing he would have a significant say in Disney's direction.

So really, guys, calm down! Just imagine the headline read, 'Pixar buys Disney for -$7 billion.'

Re:the parallels are interesting (1)

MichaelSmith (789609) | more than 8 years ago | (#14531951)

The parallels here are almost amusingly similar to when Apple bought NeXT, ten years ago

Yes, but ten years ago Apple was still a (relatively) innovative technology company. They could accept change.

Disney is an entertainment company who traditionally employ people to hand draw cartoons. I don't think they can change in the way apple did.

Re:the parallels are interesting (1)

KZigurs (638781) | more than 8 years ago | (#14531972)

Actually now. Disney's core compitency now is management of it's IP and distrubution channels. Not quite a lot of actual new content being developed there... ;)

Re:the parallels are interesting (3, Interesting)

mrchaotica (681592) | more than 8 years ago | (#14532023)

...and that's what's so ominous about this. Between Disney and Apple, Steve Jobs is shaping up to be a bigger DRM lord than Bill Gates.

Re:the parallels are interesting (4, Insightful)

jacksonj04 (800021) | more than 8 years ago | (#14532188)

They *used* to employ people to hand-draw cartoons. They used to be bloody good quality too, just take a look at something like Beauty and the Beast. Then compare it to Tarzan or Lilo & Stitch, and you'll see that Disney clearly no longer employ as much talent as they did before.

Too much focus on Jobs (5, Insightful)

namekuseijin (604504) | more than 8 years ago | (#14532031)

I don't think much of the success of Pixar is due to Steve Jobs.

Rather, the main man over there is John Lasseter, the legendary animator directly responsible for some of the companies most memorable movies. Would Pixar be anywhere today wasn't it for the brilliant movies?

Jobs is just this one guy who sees ahead better than most and invest in people who can make it happen, like Lasseter or Wozniak...

Re:Too much focus on Jobs (2, Interesting)

cowscows (103644) | more than 8 years ago | (#14532146)

I don't doubt that Disney had some brilliant creative minds working for them. Sadly, it's quite easy for a management system to pretty much crush and creative productivity, simply because management tends to control the cash flow. Do a little googling, it's not hard to find first hand accounts of artists explaining how miserable Disney made it to work for them.

There are plenty of good ideas out there for movies. There are tons of good stories waiting to be told. There are plenty of people who would love to tell those stories. There aren't many companies out there willing to give those people free reign and fund them.

Lasseter has done some amazing work, for sure, but I'll bet he'll give Steve Jobs plenty of credit, and not because he's worried about keeping his job.

Re:the parallels are interesting (3, Funny)

Antony-Kyre (807195) | more than 8 years ago | (#14532032)

So in other words, Steve Jobs, who owns a plurality of Disney, sold himself his own company? That is pretty funny.

The big difference is ... (1)

willtsmith (466546) | more than 8 years ago | (#14532169)


The big difference here is that before Steve Jobs BOUGHT his old company as CEO of his OLD, OLD company. Steve will NOT be in charge of Disney.

The first thing you'll see is BAD, BAD story lines in Pixar movies. They'll all be the same formulaic, coming of age swill that comes out of Disney. They'll all start with an "I wish" song and end with a pop ballad.

Look for the great creative minds in Pixar to leave and find someplace else where they can make good movies instead of DISNEY movies.

the big question (2, Insightful)

nuckin futs (574289) | more than 8 years ago | (#14531907)

He now might have the single largest share in Disney, but does he still have enough shares to become a factor? Over at Pixar, he controlled a little over 50% of the share, which meant his vote overrides the other shareholders' votes. will it still be the same at Disney or will he become a non-factor in making decisions?

Re:the big question (5, Informative)

Jacob Moogberg (876462) | more than 8 years ago | (#14532018)

Steve Jobs has little to no creative input concerning Pixar: John Lasseter is in charge. The last time Jobs tried to interfere with the filmmakers choices was just after the first private screening of a finished "Toy Story". Jobs hated the score by Randy Newman and wanted to replace it. Lasseter and the other guys stood by the Newman score and songs, which brought "Toy Story" an Oscar nomination and Newman four additional scores for Pixar. Jobs has an office at Pixar but he's never there. A documentary about the old Pixar headquarters around the "Monsters Inc." release (2001) showed an empty office with just a desk and a PC, not a Mac. Lasseter even jokes about the room, the least crowded area at Pixar. As a sidenote, this footage about the office could be seen on videos part of the original EPK: the "Monsters, Inc." DVD includes the same documentary but the footage is missing. (The explanation for the PC is that Jobs, after his return to Apple, didn't use a Mac running Mac OS 8 or 9 for himself. He still had a PC running OpenStep instead. When Mac OS X became the system of choice, he switched to the Mac.) On the other hand, Jobs plays the main part concerning business deals with Disney and other partners (Intel for the rendering part, for instance) and his input has been more than valuable to Pixar. Jobs and Pixar both run the company. If a deal is closed with Disney, Lasseter must be a part of it, because Pixar wouldn't be Pixar without him. So, I guess a term of the deal would be to grant Lasseter artistic direction of the whole departmetn. Else, there's no guarantee that Pixar future projects won't suck as much as most of Disney releases.

ha-ha pwnd by disney (-1, Flamebait)

Anonymous Coward | more than 8 years ago | (#14531914)

where is your pixar now?

In other news... (5, Funny)

TheOtherAgentM (700696) | more than 8 years ago | (#14531920)

Steve Jobs will begin designing rides at Disneyland. You know there will be an acid trip ride, something Alice and Wonderland style. I can't wait.

Re:In other news... (2, Funny)

gEvil (beta) (945888) | more than 8 years ago | (#14531925)

I can't wait to go on the Reality Distortion Coaster...

Re:In other news... (1)

Eternal Vigilance (573501) | more than 8 years ago | (#14532070)

Easy enough - the symbol's AAPL. :-)

A lot of closed-head trauma in the past couple of weeks, though.


Try searching for "DSM-IV" and "301.7" - explains just about everything, doesn't it?

Re:In other news... (1)

mustafap (452510) | more than 8 years ago | (#14531966)

I'm looking forward to the

'Ride round India in a campervan for a month without washing' one.

Many of us were hippies once, when we had hair :o)

Jobs will take over Disney (1)

randomErr (172078) | more than 8 years ago | (#14531940)

This goes along with another post I made a couple of days ago [slashdot.org]. Jobs gets the job done. The current leadership doesn't.

Hopefully the merger won't affect Pixar's writers. As we saw with Chicken Little Disney does decent computer animation, but crap stories.

Pixar and Disney (5, Insightful)

walnut_tree (905826) | more than 8 years ago | (#14531943)

This is quite a development! I suspect that Pixar will continue to operate (largely) autonomously, but there will undoubtedly be a good deal of knowledge sharing between Disney and Pixar. John Lasseter has often expressed his admiration for Disney's animators and their pioneering role in developing the medium. While there might seem to be a lot of enmity between the two companies, I suspect there's also a lot of mutual respect between the artists at both studios.

People may not like the management decisions made by Disney (which have often dictated the direction of their films) but the company still employs a great many talented artists. And of course, Pixar continues to benefit from Disney's considerable marketing muscle - few other companies know how to so thoroughly milk their products for every cent they can get (and I don't say that as praise).

Shit no... (1, Insightful)

Stan Vassilev (939229) | more than 8 years ago | (#14531963)

Ah damn it I can't believe Jobs this. This is honestly dissapointing.

The least thing is that those mergers are highly stressfull for the company being acquired, since you can expect some of the staff to be layed off in the reorganisation, but most importantly, Pixar was the true opposite of Disney in terms of spirit and phylosophy about creating quality content.

This may leave lots of the artists in Pixar demoralized and maybe quit the company to open small independent studios.

Disney is way to greedy and too huge for its own good. It just got bigger.

Shit yes. (1)

deep44 (891922) | more than 8 years ago | (#14532065)

Ah damn it I can't believe Jobs this. This is honestly dissapointing.
Maybe you missed the part of the article that explains how Jobs made 3.5 billion dollars (in stock) by selling Pixar to Disney. Now, as you were saying- you can't believe he did this..?

I understand that Pixar holds a special place in many people's hearts; however, at the end of the day, it all comes down to dollars. Don't fault Jobs for making the king of all no-brainer business decisions (again, that was 3.5 billion dollars).

Disney empire (5, Insightful)

gEvil (beta) (945888) | more than 8 years ago | (#14531967)

Keep in mind that the Disney empire also includes ABC, ESPN, the go.com network, as well as a bunch of movie studio (Touchstone, Miramax, Dimension) and record company imprints. Several of these operate somewhat autonomously, but Jobs will have some say in things as the single largest shareholder in Disney. Gates wants to control the living room. Jobs will control the living room.

Jobs doesn't make $3.5bn (4, Interesting)

ottffssent (18387) | more than 8 years ago | (#14531971)

This deal doesn't make Jobs $3.5bn, as the article claims. It barely makes him any money at all.

Pixar's market cap is just a hair under $7bn, about half of which Jobs owns. Disney is buying all $7bn worth of Pixar stock with $7bn worth of Disney stock. So Jobs isn't making any money, he's just changing the name on part of his stock portfolio (Disney's buy is a bit above market value for Pixar, so he does make SOME money, on the order of 1% of the $3.5bn the article mentions). He's also going from being a 50% owner of a $7bn company to a 14% owner of a $50bn company.

So maybe Jobs thinks he can get in and infect Disney with Pixarness and save it. Maybe he just wants to cash out and do something else, and figures he can sell 14% of Disney a lot easier than he can sell half of Pixer. Could be he thinks Pixar will do better with Disney behind it than with Disney as an enemy. Possibly there's another explanation. Let the speculation continue - we'll know in a few years what the plan was and whether it worked or not.

Re:Jobs doesn't make $3.5bn (1)

Voltageaav (798022) | more than 8 years ago | (#14531983)

I'm rooting for the Jobs does housecleaning in Disney and the entire thing is a huge success theory. Disney would be smart to give him a position of athority with his record so far.

Is this the real reason why Apple moved to Intel? (0, Troll)

Goatless (947941) | more than 8 years ago | (#14531974)

Don't know if this connection has been made before but if Mac moves to Intel architecture then both Windows and Max OS can implement the same Trusted Computing archicture, can't they? In which case won't the DRM fanatics have caught 99.9% of computer users ensuring a Linux lock-out? Could Disney's interest in Pixar and Jobs' interest in Disney been the real reason to shift hardware platform? Interesting times ahead.

Will it improve the quality of US anime? (0)

trollable (928694) | more than 8 years ago | (#14531994)

Disney anime is not bad but very childish. Pixar is a bit better but still far from japanese [wikipedia.org] and french [wikipedia.org] anime. Disney and Pixar today are for anime what Holliwood is for movies. That means not so much...

Re:Will it improve the quality of US anime? (1)

Stormwatch (703920) | more than 8 years ago | (#14532021)

Other than distributing Miyazaki's works, as far as I know, Disney and Pixar have NEVER done anime!

This will be a day long remembered. (3, Interesting)

QuatermassX (808146) | more than 8 years ago | (#14531995)

Although people might bemoan the takeover of one of the brightest purveyors of mainstream American filmmaking by the almighty Mouse, I can' help but think this is a good thing for all involved. Pixar has reached the pinnacle of their influence in the industry through a series of (mostly) brilliant hit films. I'm sure Jobs and Lassiter think the only way for their company to grow is to grow outward - take over the Mouse and whip it into shape. Jobs performed miracles with Apple. I really hope he and John LAssiter can bring intelligent and fun pop moviemaking back to Disney. And I would think this puts his other venture, Apple, into very sure waters in the content distribution marketplace. With whom does Disney partner now? I'm damn curious to see how it all shakes out!

In other news (1)

Timesprout (579035) | more than 8 years ago | (#14532033)

Steve said they would be hiring new artists from Outer Tibet would could draw up to 5 times faster then current artists. Steve did warn though that there had been few increases lately in the performance of traditional American pencils and paper so the new artists might not be able to function to their full potential.

Steve Jobs is (5, Funny)

Centurix (249778) | more than 8 years ago | (#14532036)

Loaded. In his house is a giant walk in wardrobe with a long line of turtle-neck sweaters, you fight through it all and at the back is a snow filled landscape where iPods grow on trees.

You see Steve Wozniak talking to a CGI lion on the technical production of blue boxes. In the background is a giant Intel factory, where little orange men are packing new iMacs into crates marked Nigeria...

Steve Jobs. (1, Funny)

EddyPearson (901263) | more than 8 years ago | (#14532062)

You have to hand it to that man. He starts a small IT company, which turns into Apple. Score 1 Jobs.
Microsoft Steal OS, Apple fucked, Windows releases. Jobs decides to do something else. Leaves apple
Forms Pixar. Makes millions.
Jobs decideds that he misses apple, so goes back (obviously at his old position). Makes iMac, iBook, iPod. Makes millions. Everything he touches turns to gold (Once Gates got there before Jobs, and melted down Job's gold and turned it into Windows.)

I don't think the kids will be too bothered.... (1)

fudg3tunn3l (883722) | more than 8 years ago | (#14532072)

...after-all as far as they are concerned Pixar *is* Disney. It's just us sentimental adults getting our knickers in a twist over it. We just got back from Disneyland Paris a few days ago and out of all the characters the kids have their photos taken with Sully out of Monsters Inc got mobbed, Donald Duck got a few hellos and Chip n Dale got ignored.... it's a child driven industry people!

Which corporation will change which? (2, Interesting)

Anonymous Coward | more than 8 years ago | (#14532084)

So, is Disney buying Pixar to incorporate their technology and mine their library of characters for licensing, or is Pixar infecting Disney with their understanding of the need for story to take priority over marketing? Given the nauseating uses to which Disney has put the Muppets, I am betting on the former. *sigh*

An apocryphal comment that I heard years ago: the "flavor" of Disney's corporate products was so numbing and restrictive that creative types within Disney referred to the place as "Mauschwitz." :-)

Oops, does Godwin's Law apply to SlashDot? If so, the discussion is over, move along to the next article, nothing to read here....

Hmmm (1)

Sv-Manowar (772313) | more than 8 years ago | (#14532094)

Good move by Disney, they know that Pixar were one of the main reasons for them staying afloat and if they lost them they would really be in trouble as they don't really have any other profitable movie making things at the moment, other than Lion King 72 or Aladdin 94, they need to focus on original content rather than milking their old franchises.

And I quote Iger (1)

Heembo (916647) | more than 8 years ago | (#14532098)

"animation is, and will remain, at the heart and soul of Disney"

That's right Robert, say it with me, COMPUTER ANIMATION .

Re:And I quote Iger (1)

darmey (910068) | more than 8 years ago | (#14532140)

Well, if you care about hand-drawn stuff, could you please name any modern animation studio that does not use computer animation? There sure are some, but these are just fanatics without commonly too much impact on anything.

Uhhh, a dupe again (1)

darmey (910068) | more than 8 years ago | (#14532125)

Well, who cares anyway, this is Slashdot, you can post any rubbish here and still recieve hundreds of comments.

No $7bn takeover (3, Informative)

gnasher719 (869701) | more than 8 years ago | (#14532127)

Market caps of Pixar is $6.95bn. There will be no $7bn takeover. Maybe a $10bn takeover, but not $7bn.

How will this affect the Studio Ghibli deal? (4, Interesting)

patiwat (126496) | more than 8 years ago | (#14532156)

I personally feel that most of Disney's original animation over the past decade has been mediocre at best, and therefore don't really care about what the Disney/Pixar reverse acquisition will mean for animation quality.


What I am concerned about is how the deal will affect the Studio Ghibli/Disney distribution deal. For many years, Disney has had wide distribution rights over Ghibli works. Sometimes this has worked out for the better (the heavily promoted Spirited Away), and sometimes not so well (Miramax requested, but was denied, many edits in Princess Mononoke).


A closer connection between Pixar and Disney will probably not harm Ghibli. It was noted [nausicaa.net] that John Lasseter (founder of Pixar) had given very strong support to Spirited Away, and was a key driver of what success that movie had in North America. A closer connection between Pixar and Ghibli will probably result in an even stronger benefit.


Now, on notes of pure speculation, how might the Pixar/Disney merger benefit Ghibli going forward? Could we expect Miyazaki-animated short films (currently limited in distribution to the Ghibli Museum in Mitaka City, Tokyo) put on sale on the iTunes Video Store? Or maybe distribution of older classic Ghibli films? Imaging having a copy of Gauche the Cellist [nausicaa.net] on your iPod to perk you up on those cloudy days of life. Or how about strong promotion and wide distribution of the forthcoming Tales from Earthsea [nausicaa.net]? With the combination of a a imaginative and sensitive director like Goro Miyazaki [nausicaa.net] and effective marketing, I can't imagine how Earthsea wouldn't become a major blockbluster.


What else would you like to see come out of the Studio Ghibli/Disney/Pixar deal?

---
patiwat

Re:How will this affect the Studio Ghibli deal? (0)

Anonymous Coward | more than 8 years ago | (#14532179)

Miramax requested, but was denied, many edits in Princess Mononoke

Details please? It's one of my favourite films, and I'd be interested to know more about this. It seems rather hard to search for this. Most of the hits are promotional, etc.

Re:How will this affect the Studio Ghibli deal? (4, Informative)

patiwat (126496) | more than 8 years ago | (#14532206)

From the excellent The Disney-Tokuma Deal page [nausicaa.net] at Nausicaa.net:


Will Disney modify (i.e. cut scenes from) these films?

No. This will not happen. Disney can not cut even one second from the films, according to the contract. Ghibli has officially stated that "With Disney's commitment to maintain the quality of the original titles, there will be no changes to music and sequences in foreign language versions." According to Mr. Suzuki, the producer of Ghibli, other companies such as Fox and Time-Warner contacted Tokuma, but Disney was the only company willing to agree to this condition, and that was the main reason why Tokuma chose Disney as a partner.

The term means that Disney can not touch the films, but that does not prevent Disney from asking Ghibli to cut or change the contents of the film, as Tokuma and Ghibli retains the editing right. In an interview, Mr. Suzuki said that Miramax faxed Ghibli, asking if they could cut several scenes from "Mononoke Hime". But nothing was cut from Mononoke Hime (Princess Mononoke).


---
Patiwat Panurach

AOL + GOOGLE = APPLE + DISNEY (0)

Anonymous Coward | more than 8 years ago | (#14532163)

And we thought the world could not get any more scary!!!!...

Crap (1)

bogie (31020) | more than 8 years ago | (#14532174)

Besides the fact that Disney is the "big evil", I used to go by the rule that Pixar = movies worth seeing, Disney = mostly crap that you should avoid. Now how am I supposed to tell what is worth seeing?

Short time? (0)

Anonymous Coward | more than 8 years ago | (#14532185)

You can't really call Mickey Mouse short-time profit. As a matter of fact, it's over-extended profit.
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