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Author Topic:   Pixar
cstengel3
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posted January 30, 2004 02:54 PM     Click Here to See the Profile for cstengel3     Edit/Delete Message   Reply w/Quote
Figured I'd start a new topic since this doesn't look like it'll fall within "Disney" much longer.

Any guesses as to who is going to take the bait? Will TWX grab this, and if so, will they also do a deal for the two films Disney still has? (I don't think the latter is likely, but don't know about the prior.)

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fred
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posted January 30, 2004 03:47 PM     Click Here to See the Profile for fred   Click Here to Email fred     Edit/Delete Message   Reply w/Quote
Pixar and Apple should merge and buy Disney. Steve Jobs would then be put in as CEO of Disney-Pixar.

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NEWSFLASH
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posted February 02, 2004 10:50 AM     Click Here to See the Profile for NEWSFLASH   Click Here to Email NEWSFLASH     Edit/Delete Message   Reply w/Quote
Analysts following Pixar Animation Studios were expressing disappointment Friday in the company's announced breakup with the Walt Disney Co., even as Pixar shares climbed on the announcement and Disney shares fell. Barron's cited a Morgan Stanley analyst who observed that Pixar now must produce two additional films for Disney under the terms of its old contract. It had been anticipated that if a new deal had been struck, more favorable terms would have been negotiated for those films, as well. Moreover, when Pixar produces its first movie in 2006, it will evidently have to bear all the initial production costs itself. Nevertheless, Pixar stock rose 3.4 percent on Friday to $66.39. Analysts seemed to conclude that Disney would be harmed most of all by the divorce, and its stock declined 1.8 percent to $24. Randy Alvarado of Fitch Ratings told the Los Angeles Times that the breakup "raises questions about whether Disney will have the creative talent to be able to produce box-office hits comparable to Pixar's." It also appeared to strengthen the hand of Roy Disney, who has been leading a campaign to unseat Michael Eisner as CEO and who had warned that the company was bungling the negotiations with Pixar. "This just proves, sadly, that we were right," Roy Disney told the Times.

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posted February 05, 2004 10:14 AM     Click Here to See the Profile for NEWSFLASH   Click Here to Email NEWSFLASH     Edit/Delete Message   Reply w/Quote
Pixar Chairman Steve Jobs has sharply criticized the Walt Disney Co., calling the Disney animated features Treasure Planet and Brother Bear duds and the sequels Return to Neverland and Lion King 1 1/2 "pretty embarrassing." He maintained that there had been little creative input from Disney on Pixar's hit films "for years." Jobs made the comments in an interview with the Los Angeles Times and during a conference call with analysts in which he announced that Pixar had recorded record profits for the fourth quarter and for 2003. He said that it had earned $83.9 million for the quarter and $124.8 million for the year. Jobs, who broke off negotiations with Disney to extend its distribution deal, said that he has heard from every major studio in Hollywood since. He told the Times that he expected to begin formal negotiations with them next month, adding that it was "very unlikely" that talks with Disney would be revived. A Disney spokesperson responded that it was "sad and unfortunate that [Jobs] has resorted to insults and name-calling in the wake of the disagreement."

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posted February 09, 2004 10:36 AM     Click Here to See the Profile for NEWSFLASH   Click Here to Email NEWSFLASH     Edit/Delete Message   Reply w/Quote
Finding Nemo found nine awards Saturday at the International Animated Film Society's 31st annual Annie Awards. The Pixar film was honored as the best animated theatrical feature. Andrew Stanton and Lee Unkrich received best directing honors for it. And Ellen DeGeneres received the best voice acting award for her portrayal of an absent-minded fish in the movie.

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posted February 19, 2004 09:59 AM     Click Here to See the Profile for NEWSFLASH   Click Here to Email NEWSFLASH     Edit/Delete Message   Reply w/Quote
Pixar shares jump on Sony buyout talk

LOS ANGELES (CBS.MW) -- Shares of Pixar jumped more than 5 percent in early trading Thursday as word circulated that Sony Corp. is looking to buy the computer animation company.


Pixar (PIXR: news, chart) climbed $3.64, or 5.5 percent, to $69.45. Analysts said a trading rumor hit the market floor that Sony (SNE: news, chart) planned to make a bid for Pixar at $75 a share. The news also showed up as a short line in Briefing.com's "Market Chatter" page. Sony shares rose $1.25, or 3 percent, to $42.64.

Neither Sony nor Pixar officials were immediately available for comment.

Pixar has captured the attention of just about every Hollywood studio now that it has severed ties with longtime distribution partner Walt Disney Co. (DIS: news, chart) Sony, Warner Bros. (TWX: news, chart) and News Corp. (NWS: news, chart) (FOX: news, chart) have been named as possible partners when Pixar goes shopping.

This is the first mention, however, of a studio possibly bidding for Pixar, which has a market cap of roughly $3.8 billion. At $75 a share, the deal would be worth $4.1 billion

The tiny company, based in Emeryville, Calif., has made roughly $3 billion on five films, each of them considered a hit. They are: "Toy Story," "A Bug's Life," "Toy Story 2," "Monsters Inc." and last year's biggest film, "Finding Nemo."

Analysts aren't giving the idea much credence. Pixar Chairman and Chief Executive Steve Jobs controls 60 percent of the company's floating shares, meaning he would want to give up control of the entity he's nurtured.

"My opinion is that even if Sony offered $100 a share, Steve Jobs would reject the bid," said David Miller of Sanders Morris Harris. "He's essentially the board."

"I would find a Sony acquisition of Pixar to be highly unlikely," said Steve Lidberg of Pacific Crest Securities.

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posted March 10, 2004 05:28 PM     Click Here to See the Profile for NEWSFLASH   Click Here to Email NEWSFLASH     Edit/Delete Message   Reply w/Quote
Bewkes makes Pixar case; Warner head touts DVD, homevid
If Steve Jobs wants to make more money on store shelves, he should make WB his new home. That's Time Warner Entertainment and Networks chairman Jeffrey Bewkes' case for why his studio would be the best partner for Pixar, the hottest free agent in Hollywood. Speaking at the Bear Stearns media and entertainment conference in Palm Beach, Fla., Tuesday, Bewkes confirmed WB is in talks with Pixar, and said its strength in DVDs and homevideo make it the best choice. "The advantage Warner has is that it has the biggest worldwide DVD and homevideo distribution, and it outindexes every other studio in terms of how many dollars in DVD or homevideo it gets for each dollar in box office," he said in his keynote presentation. "There's room for us to deliver more to Pixar than probably anyone else."

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indiedan
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posted March 11, 2004 10:39 AM     Click Here to See the Profile for indiedan   Click Here to Email indiedan     Edit/Delete Message   Reply w/Quote
Despite the fact that Pixar Animation is headed by Steve Jobs, who also heads Apple Computer, Pixar has used Linux and Intel-based systems to create its animated films like Toy Story and Finding Nemo, it emerged at an Apple seminar in New York Wednesday. According to the online publication MacNN (Mac News Network), Don Peebles, a senior systems engineer for Apple Computer, told the seminar that Pixar has decided to switch to Mac G5 workstations and the OS X operating system for its production work. Peebles predicted that the move will make Jobs "very happy."

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NEWSFLASH SUMMER INTERN
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posted May 05, 2004 10:19 AM     Click Here to See the Profile for NEWSFLASH SUMMER INTERN   Click Here to Email NEWSFLASH SUMMER INTERN     Edit/Delete Message   Reply w/Quote
Kid Flicks, Adult Profits
A Stock for Mom: Pixar

By Rick Aristotle Munarriz (TMF Edible)
May 5, 2004


This is part of The Motley Fool's annual Stocks for Mom special.

Pixar (Nasdaq: PIXR)
Trading at $66.87 as of 5/4/04
52-week high: $75.15
52-week low: $50.79

Mom, while just two of your eight dazzling grandchildren were my handiwork, they all have a funny way of behaving like little angels at your home the moment you pop a Pixar (Nasdaq: PIXR) disc into the DVD player.

Yes, I realize this might feel like a cruel Mother's Day trick. In the company's last release, the highest-grossing animated feature of all time, Nemo's mom lasts for all of the film's first few tear-jerking moments. But, hey, Andy's mom in Toy Story sure seems resiliently swell!

Beyond Toy Story and Toy Story 2, Pixar's other theatrical releases include A Bug's Life, Monsters, Inc., and Finding Nemo. In a "hit or miss" Hollywood, Pixar's gone five for five. Pixar's films have averaged a whopping $239 million and that's just at the domestic box office. Scoring riches overseas along with the eventual home video releases and lucrative merchandising opportunities, Pixar's a money machine. The one overhang on the company was that -- no matter how well it did -- Disney (NYSE: DIS) always came around to take half of the profits.

While the Mickey Mouse company clearly played a part in helping the computer animation specialist break into the industry, going by Disney's recent wave of inked multiplex duds, one can reason that Disney's distribution was more the work of powdered sugar than pixie dust.

Pixar has beaten Wall Street's estimates rather consistently. The company earned $2.17 a share last year on $262.5 million in revenues, and one has to wonder how meatier its financials will look in two years once Pixar breaks free from having to split the loot with Disney.

Does that mean that the studio's profit levels can double in three years? Perhaps. But even more tantalizing is the notion that with every film an independent Pixar releases, it just tosses more marketable characters into the company's vault of exponentially lucrative marketing opportunities.

Like the Disney of yesterday -- or the Marvel (NYSE: MVL) of today -- Pixar's packing the content candy that everybody wants. It's why the stock was such an easy recommendation to make in our overachieving Motley Fool Stock Advisor newsletter. Well, that and sporting 48% net profit margins is like being a hottie and having a killer personality.

Maybe that's why Disney's rival studios -- everyone from Time Warner (NYSE: TWX) to Sony (NYSE: SNE) -- have been lining up with offers to distribute Pixar's future productions without biting into the popular studio's profits.

Quality counts! At least, that's what I say every time I come over for one of your amazing dinners, Mom. So, yes, Pixar is indeed five for five, but it's got nothing on you, Mom. Look at those smiling grandchildren? You're eight for eight!

Longtime Fool contributor Rick Aristotle Munarriz -- and his mother -- do, in fact, own all five of Pixar's flicks (and Fliks) on DVD. His devotion to Pixar is sincere. He owns stock in the company -- as well as Disney. Rick's other stock holdings can be viewed online, as can the Fool's disclosure policy.

A Stock for Mom represents the opinion of one Fool and should in no way be taken as the opinion of either The Motley Fool, Inc. or the company in question.

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posted May 05, 2004 10:43 AM     Click Here to See the Profile for NEWSFLASH   Click Here to Email NEWSFLASH     Edit/Delete Message   Reply w/Quote
JOBS, LASSETER: MOST INFLUENTIAL

Steve Jobs, the chairman of both Apple Computer and Pixar Animation, has, along with John Lasseter (whom Jobs calls his "creative sidekick"), been placed a the top of the list of Premiere magazine's annual list of the 100 most influential people in Hollywood. Last year's No. 1, Steven Spielberg, moves down to No. 2. Jobs is Disney dissidents Roy Disney and Stanley Gold's favorite candidate to replace Michael Eisner as chairman of Disney. Meanwhile, the New York Post's "Page Six" column is reporting today (Wednesday) that a "consortium of mysterious European investors" is planning a takeover of Disney and wants Mel Gibson to head the company if it succeeds.

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indiedan
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posted May 07, 2004 03:12 PM     Click Here to See the Profile for indiedan   Click Here to Email indiedan     Edit/Delete Message   Reply w/Quote
PIXAR GROWING STRONGER AS IT HEADS TO UNTANGLE WITH DISNEY

Pixar Animation Studios began seeing a wave of profits wash in from international DVD and videocassette sales of Finding Nemo in the first quarter, as it reported profits three times greater than those of the same quarter a year ago. The company reported net income of $26.7 million on revenue of $53.8 million for the quarter versus $8.2 million/$18.7 million a year ago. In an interview with today's (Friday) Los Angeles Times, Pixar CEO Steve Jobs said that he is continuing to have "exploratory meetings" with other studios about distributing Pixar product after the company's deal with Disney expires. "We're trying to take our time to do it right, because we have the time to do it right." Pixar's first non-Disney movie won't be completed until 2006.

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posted May 24, 2004 10:26 AM     Click Here to See the Profile for NEWSFLASH   Click Here to Email NEWSFLASH     Edit/Delete Message   Reply w/Quote
JOBS WOULD RATHER REMAIN WED TO DISNEY, SAYS REPORT

Pixar chairman Steve Jobs may be waiting to see what the final outcome may be in the effort to remove Michael Eisner as CEO of Disney before he makes a decision to take on a new distribution partner for Pixar's computer-animated movies, the New York Times suggested today (Monday). The newspaper reported that Jobs has held no formal negotiations with any studio and that some top studio execs who have asked to meet with Jobs have been turned down -- told that "he was not ready to talk." Meanwhile, the newspaper said that some members of Disney's board of directors are considering renewing talks with Pixar whether Eisner remains as CEO or not.

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posted June 02, 2004 05:31 PM     Click Here to See the Profile for NEWSFLASH   Click Here to Email NEWSFLASH     Edit/Delete Message   Reply w/Quote
Disney's Eisner Would Still Like New Deal With Pixar

Walt Disney Co. Chief Exective Michael Eisner said that while he holds to the hope that Pixar won't become an ex-partner, there are no discussions going on between the two. "I am an eternal optimist," Eisner said at the Sanford C. Bernstein 20th annual Strategic Decisions Conference. "Until I read it in the New York Times that a deal has been made elsewhere and I am sent the contract, then I will believe it's over." Pixar ended talks in January to renegotiate a new deal with Disney. Pixar is in the process of finding a new distribution partner that it would pay a fee while collecting the profits and retaining all rights to its films. Disney turned down that arrangement, saying it would give up profits to which it is entitled. The current deal, which ends after Pixar delivers the films "The Incredibles" in 2004 and "Cars" in 2005, provides Disney with half the profits from the films as well as sequel and other rights. Eisner said it would be in Pixar's best interest to keep Disney as a partner, given its distribution strength. He reiterated that films the two made together should be "creatively mined," and Disney will proceed with plans to make sequels to "Toy Story," "Finding Nemo," and the rest. He pointed out that "Monsters Inc." outperformed Dreamworks SKG's hit film "Shrek," but Disney doesn't have a "Monsters Inc." sequel to compete with current box-office champ "Shrek 2." Disney faces a tough comparison this summer against the big box-office of such movies as "Pirates of the Caribbean: The Curse of the Black Pearl." However, Eisner said he thinks the company should have a "strong summer" with such films as "King Arthur" and "Around the World in 80 Days." Earlier this year, Disney had box office disappointments in "The Alamo," and "The Ladykillers." Disney recently refused to allow its Miramax film division to distribute Michael Moore's film "Fahrenheit 9/11," which is critical of President Bush. Harvey and Bob Weinstein, who head Miramax, were allowed to buy the film and have found a distributor. Eisner said Disney shareholders expect management to make decisions on "good taste and high quality," and that the company told all its divisions that it wouldn't be involved in the middle of the political process in a presidential election year. "This just was something we shouldn't do," Eisner said. "This doesn't have to do with censorship." The Tuesday resignation of Mel Karmazin from his roles as president and chief operating officer at Viacom prompted the question of whether he would fit in at Disney. There had been speculation that Karmazin might seek a job at Disney in light of the dissatisfaction shareholders expressed about Eisner when they withheld 45% of their votes for his reelection as chairman in March. George Mitchell has since become Disney chairman. Eisner deflected the question about Karmazin "fitting in" at Disney by saying "if he's a 42-long."

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NEWSFLASH
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posted June 07, 2004 06:00 PM     Click Here to See the Profile for NEWSFLASH   Click Here to Email NEWSFLASH     Edit/Delete Message   Reply w/Quote
Pixar's Jobs 'flexible' on new Disney deal

Pixar Animation Studios Chief Executive Steve Jobs on Monday left open the door for a new film distribution deal with Walt Disney Co., following an overture from Disney last week, but said no such talks had begun between the two sides. Asked in an interview on CNBC whether he would rethink a deal with Disney if there were management changes, Jobs said he was open to the possibility. Jobs cut off talks with Disney in January and has clashed with its chief executive, Michael Eisner, in the past. "We try to stay flexible, we're willing to rethink anything. But so far our phone hasn't rung with any new thoughts from anybody," Jobs said. Disney and Pixar have produced a string of computer animated hits, from "Toy Story" to "Finding Nemo," and their last collaboration, "Cars," is set for release next year. "In 2006 we will likely be distributing films with another partner. We're in the process of getting to know the other studios in Hollywood and they're being very gracious," Jobs said.

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indiedan
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posted June 15, 2004 02:48 PM     Click Here to See the Profile for indiedan   Click Here to Email indiedan     Edit/Delete Message   Reply w/Quote
WEINSTEINS AND JOBS TO JOIN UP?

A group of New York investment bankers are proposing that Miramax founders Bob and Harvey Weinstein be teamed with Pixar Animation Studios' Steve Jobs to form a new film company, the New York Post reported today (Tuesday), citing unnamed sources. The newspaper quoted the sources as saying that while no direct negotiations have been held between Jobs and the Weinsteins, bankers are busy drawing up such plans. The Post said further that bankers are making a separate pitch for a Weinstein-led group to acquire MGM.

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