Disney, Pixar to decide on further course of action on Monday

MUMBAI: The buzz over Disney looking to acquire Pixar Animation in the US is growing stronger. Reports indicate that if the deal goes through then Pixar CEO Steve Jobs could become a member of Disney's board.

The two parties will meet on Monday 23 January 2006 to discuss the plan of action. 

Job's has a 50 per cent stake in Pixar which is is worth over $3.5 billion. This would be more than enough to turn him into Disney's largest individual shareholder should he accept a stock swap. Disney of course would benefit in a huge way. Its animation division is already starting to feel some heat as the deal with Pixar comes to a close. The last film in its 14 year deal with Pixar is Cars which will be released later this year.

In the past couple of years there had been problems between jobs and former Disney CEO Michael Eisner. Jobs had criticised Disney's creative and financial practices. He had accused the company of trying to squeeze the last penny out of hit franchises, regardless of quality. Iger however who took over has been keen to mend fences.

Buying Pixar could make Disney poorer to the tune of $8 billion. Whether Jobs will sell is doubtful reports state, given his investment in Apple, attachment to Pixar, and the potential cost to Disney. The other issue is whether Pixar talent like John Lasseter who directed Toy Story will stay should an acquisition go through. Disney's culture is said to be more restrictive. Last year Disney had struck a deal with Apple. Some shows like Desperate Housewives are available for download for Apple's video iPod.

Also Read

Walt Disney, Pixar Animation deal in sight

Latest Reads
Ronaldinho begins esports journey with own cryptocurrency

Brazilian soccer legend, Ronaldinho, has released a personalised cryptocurrency with the help of World Soccer Coin (WSC).

Television TV Channels Sports
Sony Sab launches AIB-hosted activation ‘Finding Funny’

Sony Sab is launching a new and unique program ‘Finding Funny’ which aims to spread happiness and to find hidden talent.

Television TV Channels GECs
‘Kasauti Zindagi Kay’ season 2 to return on Star Plus

One of the love sagas by Ekta Kapoor, Kasauti Zindagi Kay is all set to hit the small screen after 17 years.

Television TV Channels GECs
AXN offers the best Reality shows in India

AXN, home to the best of English entertainment for the last 20 years

Television TV Channels English Entertainment
Make way for an epic love saga this monsoon on Zee Anmol

Two people - diametrically different in their thoughts and ideas, following different paths in life! What will happen when these two come together

Television TV Channels GECs
Paramount TV chief Amy Powell fired over alleged insensitive remarks

After 14 years, chief of Paramount TV Amy Powell has been fired over alleged insensitive remarks – which she has emphatically denied.

Television TV Channels People
A 'Colors'ful decade

It seems just like yesterday. How oft we have heard that phrase being spoken. So much so that it appears banal. However, in the case of Colors – the general entertainment channel from the now Reliance Industries majority-owned Viacom18 – it is so apt. 10 years have gone by since it started.

Television TV Channels GECs
ZMCL reports almost fivefold profit for Q1; DNA loss lower

The Essel group’s television news broadcasting arm Zee Media Corporation Ltd (ZMCL) reported a 386.3 per cent growth (almost five fold) in consolidated profit after tax (PAT) for the period ended 30 June 2018 (Q1 2019, quarter or period under review) as compared (year-on-year comparison, y-o-y) to...

Television TV Channels News Broadcasting
“We focus on digital to promote non-film music” - Vinit Thakkar

EMI Records India recently launched its own unique platform VYRL Originals which completed six months on 12 July. Every month, a single was released with the latest being Aaya Na Tu by Arjun Kanungo and Momina Mustehsan. EMI Records India was launched in May 2015 by Universal Music Group in...

Television TV Channels Music and Youth

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories