Feeds

Jobs sells Pixar to Disney for $7.4bn

Kerching!

Gartner critical capabilities for enterprise endpoint backup

Apple CEO Steve Jobs is now an even wealthier man, and it has nothing to do with iPod sales. Disney is indeed buying Pixar, the computer animation studio Jobs bought off George Lucas, for a rumoured $7.4bn.

As the majority shareholder in Pixar, Jobs walks away with a good chunk of that $7.4bn, though since the deal is a share-swap - at a rate of 2.3 Disney shares for each Pixar share - it's paper wealth rather than good hard cash. He also gets a seat on Disney's board.

Disney has done rather well for itself by distributing Pixar's creative output. The animation studio's movies have proved rather more successful - certainly from a critical standpoint - than Disney's own saccharine efforts. Most students of the genre wouldn't trade a million Lion King 3s for a single Incredibles.

The good news for the rest of us is the appointment of Toy Story director and Pixar executive VP John Lasseter to the role of chief creative officer at the animation studios. Pixar President Ed Catmull will serve as president of the new Pixar and Disney animation studios. The appointments bode well for the quality of Disney's future animation output.

The move is widely being viewed as good news for Apple, too, particularly its fledgling media resale business. Apple's iTunes Music Store (ITMS) began offering short Disney movies this week. It's only a matter of time before ITMS begins to offer full-length films, and with Jobs on Disney's board the appropriate licensing negotiations should run more smoothly. ®

Boost IT visibility and business value

More from The Register

next story
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Apple takes blade to 13-inch MacBook Pro with Retina display
Shaves price, not screen on mid-2014 model
iPhone 6 flip tip slips in Aussie's clip: Apple's 'reversible USB' leaks
New plug not compatible with official Type-C, according to fresh rumors
The agony and ecstasy of SteamOS: WHERE ARE MY GAMES?
And yes it does need a fat HDD (or SSD, it's cool with either)
FEAST YOUR EYES: Samsung's Galaxy Alpha has an 'entirely new appearance'
Wow, it looks like nothing else on the market, for sure
YES YES YES! Apple patents mousy, pressure-sensing iVibrator
Fanbois prepare to experience the great Cupertin-O
Steve Jobs had BETTER BALLS than Atari, says Apple mouse designer
Xerox? Pff, not even in the same league as His Jobsiness
TV transport tech, part 1: From server to sofa at the touch of a button
You won't believe how much goes into today's telly tech
Apple analyst: fruity firm set to shift 75 million iPhones
We'll have some of whatever he's having please
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.