Disney Stills Wants Pixar
By Ryan Parsons | Image from Pixar
A while back we posted an article explaining that Bob Iger and Steve Jobs had begun to renew negotiations between Walt Disney Co. and Pixar Animation. Iger claimed he was extremely pleased with the talks and admitted that to have any communication between the two animation houses would be 'healthy' for both. He also admitted that he was looking for a way to continue business with them but NOT to expect any new contract any time soon.
The Pixar Team
Well, it looks like 'soon' may be coming sooner than expected.
Disney Still Looking at Pixar
According to the latest reports from Reuters and the Wall Street Journal, Bob Iger and Walt Disney Co. are still interested in Pixar and are currently working to acquire the animation house. The terms of the agreement would have Disney pay a premium on Pixar's stock; which has a current market value of $6.7 billion. The deal would be a stock transaction and make Pixar Chief Executive Officer Steve Jobs the biggest individual shareholder in Disney.
Since Disney will have rights to many of Pixar's sequels (if they so decide to make them), Pixar may be looking for a full arrangement with Disney that will be similar to what they once had. Before the split, Disney and Pixar would split the costs for each animated film produced.
Stay tuned for updates.
Sources: Image from Pixar
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