He said that Pixar's "success quotient" justified the price of the deal. Pixar has yet to have a flop with its six animated movies. Disney, however, has struggled in the computer-generated animated movie arena. Even though its most recent CG-animated film, "Chicken Little" performed better than many had expected at the box office, it was not as big a hit as any of the Pixar films.
It's what Disney has known for but the movies they did in-house did not do as well as the ones they did with Pixar," said Michael Cuggino, a fund manager who owns about , shares of Disney in the Permanent Portfolio and Permanent Portfolio Aggressive Growth funds. Pixar has yet to announce what movies it is working on after "Cars," however. It is believed that Pixar's next film about a rat living in a fancy Parisian restaurant, tentatively titled "Ratatouille" may be released on and that a "Toy Story 3" may be in the works as well.
Jobs said during the conference call that nothing has been decided about future Pixar releases yet, but added that the company feels strongly about making sequels to some of its previous hits. And Iger said that announced plans for Disney-produced animated films, including the release of "American Dog" in and "Rapunzel Unbraided" in , are still on track. It would have been unthinkable to imagine Disney and Pixar teaming up just a few years ago.
The two companies broke off talks to extend their current distribution agreement in due to a strained relationship between Jobs and former Disney CEO Michael Eisner. But since Iger succeeded Eisner last year, he has extended an olive branch to Jobs. Disney and Apple have already announced several online programming deals during the past few months.
Cuggino said the addition of Jobs, who will also become Disney's largest individual shareholder, to Disney's board could mean that more innovative digital deals could be in the works. Expand the sub menu Awards. Expand the sub menu Video.
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You are no longer onsite at your organization. Finally the transformational leadership at Pixar was brought to Disney. Their ability to lead and motivate employees in a way that they easily adapt to the dynamic environment was legend and Disney adopted it. She aspires to do an MBA in the field of Finance. Has worked with Ernst and Young in the past and is constantly associated with the Rotary Club.
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