Feeds

Jobs sells Pixar to Disney for $7.4bn

Kerching!

Intelligent flash storage arrays

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. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Don't wait for that big iPad, order a NEXUS 9 instead, industry little bird says
Google said to debut next big slab, Android L ahead of Apple event
Netscape Navigator - the browser that started it all - turns 20
It was 20 years ago today, Marc Andreeesen taught the band to play
A drone of one's own: Reg buyers' guide for UAV fanciers
Hardware: Check. Software: Huh? Licence: Licence...?
Jaguar Sportbrake: The chicken tikka masala of van-sized posh cars
Indian-owned Jag's latest offering curries favour with us
The Apple launch AS IT HAPPENED: Totally SERIOUS coverage, not for haters
Fandroids, Windows Phone fringe-oids – you wouldn't understand
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
Here's your chance to buy an ancient, working APPLE ONE
Warning: Likely to cost a lot even for a Mac
Xiaomi boss snaps back at Jony Ive's iPhone rival 'theft' swipe
I'll have a handset delivered. Judge us after you try us...
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.