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February 12, 2005
No Hope For Pixar-Disney Deal
For many it was already over, but any chances of a reconciliation were dampened when Pixar chief Steve Jobs said that his blockbuster animation company would not renew their deal with Disney next year. Over the course of a 10-year relationship Disney has co-produced and distributed all six Pixar features from Toy Story in 1995 to current smash The Incredibles, which have earned more than $3billion in worldwide ticket sales. However Jobs is known to be dissatisfied with a profit-share arrangement in which Pixar and Disney split revenues 50-50 after Disney takes a hefty distribution fee. Reporting strong fourth quarter 2004 earnings that were largely attributable to the success of The Incredibles and excellent sales of Finding Nemo on DVD, Variety says Jobs told investors it was "likely we will not forge a new relationship with Disney beyond our current deal."
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Posted By: pjbs35a @ 6:56 PM | 
