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Disney Finds Pixar Options Backdated, Clears Current Execs of Misconduct

Authored by Mark Hefflinger on March 19, 2007 - 10:44am.

Burbank, Calif. - The Walt Disney Company announced that an internal investigation found that employee stock options at Pixar, its digitally animated film studio, were "backdated" prior to Disney's acquisition of the company.

tags: Movies | Disney | Pixar | Steve Jobs | Backdating |

THQ Ships Video Game Based on Disney/Pixar Animated Film "Cars"

Authored by Mark Hefflinger on June 6, 2006 - 1:24pm.
Agoura Hills, Calif.- Video game publisher THQ on Tuesday shipped its video game based on the Disney/Pixar film "Cars" to North American retailers.
tags: Launches | Video | Games Launches | Movies | Disney | THQ | Animation | Cars | Pixar |

Disney Inks $7.4 Billion Deal to Acquire Pixar Animated Film Studio

Authored by Mark Hefflinger on January 24, 2006 - 10:05am.
Emeryville, Calif. - Walt Disney on Tuesday announced a deal to acquire Pixar, the digitally animated feature film studio headed by Apple founder Steve Jobs, for $7.4 billion in stock. Under the deal, Jobs, Pixar's CEO, will become Disney's largest individual shareholder, and will take a seat on the company's board. Ed Catmull, the president of Pixar, will become the president of the companies' combined animation business. Disney has distributed each of Pixar's six films, starting with "Toy Story" in 1995. Other Pixar films have included "Monsters, Inc.," "Finding Nemo" and "The Incredibles."
tags: Deals | Disney | Pixar | Film Studio |

Digitally Animated Film Studio Pixar Approves 2-for-1 Stock Split

Authored by Mark Hefflinger on March 24, 2005 - 9:01am.
Emeryville, Calif. -- Pixar Animation Studios, the producers of successful digitally animated feature films like "The Incredibles," "Finding Nemo" and "Toy Story," announced on Thursday that its board of directors has approved a two-for-one stock split, and an increase in the number of common shares from 100 million to 200 million. At the close of trading on April 4, Pixar shareholders will receive one additional share of Pixar stock for each share held. The company has won 18 Academy Awards, and its six films have to date grossed over $3.2 billion in box office sales.
tags: Pixar | Stock Split | Digitally Animated Film Studio |

Digitally Animated Film Studio Pixar Ends Distribution Deal with Disney

Authored by Mark Hefflinger on January 30, 2004 - 2:11am.
Emeryville, Calif. -- Pixar Animation, the digital animation studio helmed by Apple CEO Steve Jobs that has produced high-grossing titles including "Finding Nemo" and "Toy Story," has decided to part ways with long-time partner Disney, which has distributed all of the company's films to date. "After 10 months of trying to strike a deal with Disney, we're moving on," said Pixar CEO Steve Jobs. "We've had a great run together … and it's a shame that Disney won't be participating in Pixar's future successes." Pixar will begin discussions with other studios to distribute its films beginning in 2006, and intends to retain full ownership of its future productions. "Although we would have enjoyed continuing our successful collaboration under mutually acceptable terms," Disney said in a statement, "Pixar understandably has chosen to go its own way to grow as an independent company." To date, Pixar's five films have earned more than $2.5 billion at the worldwide box office and sold over 150 million DVDs and videos.
tags: Deals | Movies | Disney | Pixar |