Pixar And Disney Part Ways

from the wow dept

While there were rumors a year ago that Steve Jobs was looking to get back at Michael Eisner's trashing of Apple's "Rip, Mix, Burn" campaign by signing a deal with some other studio once Pixar's deal was up, most people thought they'd patch up their differences and keep going. Looks like that's not the case. Steve Jobs announced today that talks between Pixar and Disney have broken down, and Pixar will be looking for a new movie studio to work with. This isn't such a big deal for Pixar, but could be even more trouble for Disney (who's having plenty of trouble already).

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  1. identicon
    Anonymous Coward, 30 Jan 2004 @ 4:01pm

    No Subject Given


    Actually, there are some losses for Pixar, especially for control-freak Steve Jobs. From the WSJ today:

    Still, Pixar's departure offers some pluses for Disney. Since "Toy Story 2" became a smash sequel Disney has been eager to release follow-ups -- either in theaters, or direct-to-video form -- of other Pixar hits such as "Monsters, Inc." Mr. Jobs, however, steadfastly opposed such projects, contending that Pixar wanted to move forward with original material rather than dwell on past successes.

    Under the existing deal, however, Disney has the right to proceed with those sequels without Pixar's approval. It hadn't done so in the past because it was reluctant to upset Mr. Jobs, but in the wake of the current rupture, it's highly likely those projects will get the green light.

    If Pixar chooses not to co-finance those sequels, as it has the right to do, Disney stands to make more money on them than the studio would have had the partnership survived. That's a mixed blessing, analysts say, noting that Disney's animation track record of late hasn't been nearly as strong as Pixar's.

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