Swad Posted January 22, 2006 Share Posted January 22, 2006 So it probably won't mean too much that he still only earns a dollar a year... Jobs to scoop $3.5bn as Pixar board approves Disney takeover The board of Pixar Animation Studios, the digital animations company, 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 Stars Wars creator George Lucas. Disney has struggled to compete with its rival's cutting-edge computer animated films, which have become increasingly sophisticated over the past few years. Link to comment Share on other sites More sharing options...
Metrogirl Posted January 23, 2006 Share Posted January 23, 2006 Personally, although CG films are good, I don't think anything can beat the beautiful cel animation for which Disney became famous. It would be a pity if the genre of Snow White was lost for ever. Call me old-fashioned but I think it has a charm which CG hasn't quite achieved. I wonder how successful this takeover will be? Historically people in companies which are sold either get really fed up with the new management and if they have talent they take it elsewhere, or if they were shareholders they take their big payout and run. Neither scenario would be good for Disney. But Mr Jobs won't be losing out whatever happens. Nice one Steve! Link to comment Share on other sites More sharing options...
iMaurice Posted January 23, 2006 Share Posted January 23, 2006 Next, buying palm Link to comment Share on other sites More sharing options...
bilditup1 Posted January 23, 2006 Share Posted January 23, 2006 That's a crazy return for a $10m investment, even considering inflation! No one is arguing that cell animation is inferior to CG - the fact is story should be the real litmus test in the animated vs. CG battle, and right now, drawn films are hackneyed {censored}. The Disney of Alan Menken, Jeffrey Katzenberg, Jeff Goldberg and the rest is long gone, and buying Pixar is IMHO a GREAT idea. Next, they have to axe the TV animation division that's been churning out {censored} like Lion King 1.5 for the past couple years and resurrect Walt Disney Feature Animation-Florida (WDFA-F). The fact that they're even considering this shows how much Michael Eisner has f*cked over the company over the past ten years- a couple of months ago, the two companies were very public about Cars being the last Pixar movie to be released by Disney. Ah well, I'm gonna stop the rant, I have work to do. Link to comment Share on other sites More sharing options...
paulmoscow Posted January 24, 2006 Share Posted January 24, 2006 Don't forget about one positive thing in the result: Steve Jobs will have much more time to concentrate on Apple. Link to comment Share on other sites More sharing options...
bilditup1 Posted January 30, 2006 Share Posted January 30, 2006 Don't forget about one positive thing in the result: Steve Jobs will have much more time to concentrate on Apple. Actually, now that he's the largest shareholder of such a large media conglomerate, I would be surprised if he actually had more time on his hands now than before. Link to comment Share on other sites More sharing options...
killerfurbies Posted February 1, 2006 Share Posted February 1, 2006 *sighs* i'll miss pixar Link to comment Share on other sites More sharing options...
bilditup1 Posted February 2, 2006 Share Posted February 2, 2006 Don't worry - first of all, it was part of the agreement that the Pixar sign at Pixar headquarters is staying there for at least the next five years. Also, John Lasseter and co are now in charge - they've already laid-off Disney's 'Pixar sequel' division (basically the ppl who did Lion King 1.5 were working on Toy Story 3. It is now, thankfully, dead in the water.) So, in other words, PIXAR LIVES! Link to comment Share on other sites More sharing options...
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