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Pixar Eaten by Mickey Mouse

The rumors went flying this weekend, but Dekortage writes "It is official: Pixar has been sold to Disney. Steve Jobs will join the Disney board, and John Lasseter is now Disney's Chief Creative Officer. So, dear Slashdot, does this mean that Disney's movies will improve, or that Pixar's will become worse?" Also the price of Pixar was $7.4 billion with a b dollars.

87 of 409 comments (clear)

  1. Price by Ours · · Score: 5, Informative

    price of Pixar was $7.4 billion with a b dollars

    Thats a lot but it may have been interesting to say it was in Disney stock.

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    1. Re:Price by Guspaz · · Score: 4, Interesting

      I think that this may be more about gaining leverage in pushing content to iTunes. Steve Jobs is now the single largest Disney shareholder. That gives him a LOT of swing in the company. Disney also owns ABC, if I'm not mistaken. Now, if Jobs says to the board that he wants all of Disney's movies and all of ABC's shows on iTunes, he's got a lot of pull. While he might have been able to convince them before when he didn't own a huge chunk of Disney, now that he does own a hefty chunk of the company any such move is almost certain to succeed.

  2. Nice deal by mwvdlee · · Score: 4, Funny

    I think the devil made a nice deal; only $7.4 billion for a prime quality soul.

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    1. Re:Nice deal by Urkki · · Score: 4, Funny

      So, what's so evil about Disney again? I mean, other than the whole no-pants thing corrupting minds of youngsters, and the various "Donald Duck"-parties that have been inspired by this...

      I guess I could google for the evilness of Disney, but you should never trust the Internet so I'd rather read about it here on peer-reviewed slashdot.

    2. Re:Nice deal by __aaclcg7560 · · Score: 2, Funny

      Be careful... weirder things are happening at Google than Disney these days.

    3. Re:Nice deal by thesandtiger · · Score: 5, Informative

      So, what's so evil about Disney again?

      That they're one of the key corporations behind the ever increasing extensions of copyright duration would be the biggie for me.

      Granted, if it weren't them, someone else would do it, but they did do it. So meh.

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    4. Re:Nice deal by soft_guy · · Score: 4, Informative

      The fact that they are hypocrtical. First, they used stories from the public domain to build their empire. Then they use their money and power to bribe congress to extend copyright from the original 14 years to be basically infinite. Thus, no material can ever enter the public domain again.

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    5. Re:Nice deal by vortigern00 · · Score: 2, Informative

      The big one for me is what Disney did to my parents' town.

      The swooped in and announced that they were going to build a theme park called "Disney's America." They got the town to spend huge amounts of money on road improvements and business development. Lots of people moved into new housing. Lots of new businesses opened. The entire town bet their fortunes on Disney.

      Then Eisner said "PSYCHE! HAHA!" and pulled it all out, making comments that implied he was just testing to see how far he could push the town.

      Of course, I was a kid then, and this was all seen through my parents' eyes, so my view could be a little skewed. Anyone from the area care to back me up?

    6. Re:Nice deal by Svenheim · · Score: 2, Insightful

      I'm so sick of this bullshit. Stop blaming companies for trying to protect their interests. It's not the company's fault that the american congress cares more about them than they care about the consumers and the voters.

    7. Re:Nice deal by Pieroxy · · Score: 4, Insightful

      The problem with Disney, is that they made most of their early money out of public domain stuff. Yet, this stuff would not have been in the public domain if the copyright extensions had been active then.

      So on one end they should protect their interests... And on the other, according to their own views of copyright, they stole it all.

      Go figure...
      --
      Krazy Kat

    8. Re:Nice deal by generic-man · · Score: 2, Informative

      I remember Disney's America being announced. A lot of people were upset that Disney was going to be building a theme park based around its corporate vision of American history, and from what I recall Disney backed out due to all the bad PR.

      Besides, wasn't Disney's America going to be in Virginia? I know your town didn't have all these things, but there are already a few big theme parks in and around VA and there are a ton of Civil War-related attractions without a corporate facade.

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    9. Re:Nice deal by 0xdeadbeef · · Score: 2

      Congress isn't the shooter, congress is the gun, fool.

    10. Re:Nice deal by good+soldier+svejk · · Score: 2, Informative
      Besides, wasn't Disney's America going to be in Virginia? I know your town didn't have all these things, but there are already a few big theme parks in and around VA and there are a ton of Civil War-related attractions without a corporate facade.
      Yes it was in the Manassas (Battle of Bull Run) area.

      From my own experience, I live down the street from a small, well intentioned not-for-profit zoo. In past winters a local artist would decorate it for the kids by painting various characters on the walls. Two of these were a certain mouse with no shirt and an associated duck with no pants. Disney's armey of lawyers put a stop to this several years ago. Apparently they couldn't see their way clear to donating a gratis right to use license. Up the highway in Vermont I remember a dairy farmer with a cow whose markings closely resembled the silhouette of the aforementioned mouse. Disney did not sue the cow, but they did buy her off the poor rube for $10,000 (IIRC) then move her to Florida and display her. Fair enough; he's a moron. But they then issued a press release bragging about how little they had paid for her and how they were reaping millions in revenue by exhibiting her. This was many years ago, so my details may be suspect.

      Most of all, of course, they gave us the Bono act.
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    11. Re:Nice deal by Cutting_Crew · · Score: 2, Informative

      don't worry too much. Pixar tends to make movies that, umm... sell really damn well BECAUSE they are created by people with talent. That is why Disney bought them. And don't forget, for almost the entire existance of Pixar, they have been in a strategic relationship with Disney, and Pixar was making great movies then.

      I am encouraged that this is a "stock buyout" and not a merger. The difference being that in a merger, A buys B and B dissapears. In a stock buyout, A buys B and both remain as different operating entities but they are a singular financial entity. This means that the CEO of Disney probably has very limited power if no power at all over Pixar. Only the board of directors have power over Pixar.

    12. Re:Nice deal by C0rinthian · · Score: 2, Interesting

      Well, because of these extensions being possible, no new material is entering the public domain. Hence Disney is running out of material to use without paying royalties. Ironic how they've undermined their own business model...

  3. Don't kid yourselves by nagora · · Score: 5, Insightful
    Disney is a supertanker of a company and it'll take more than a seat on the board or even being nominally in charge of animation to turn it around from the pile of crap it has become. Pixar is dead, for all serious purposes, although I'm sure Disney will make a big deal out of exploiting its "brand" on more of its third-rate tat.

    TWW

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    1. Re:Don't kid yourselves by tpgp · · Score: 5, Insightful

      Disney is a supertanker of a company and it'll take more than a seat on the board or even being nominally in charge of animation to turn it around from the pile of crap it has become.

      Kinda reminds of Michael Dell saying (about Apple) "What would I do? I'd shut it down and give the money back to the shareholders"

      I think if anyone can turn around disney, then Lasseter with Steve Jobs backing will be the ones to do it.

      What I think we should be more worried about is the creation of the most vertically integrated entertainment duopoly since paramount case of 1948 broke up the old vertical monopolists.

      I mean we're going to have one guy (Jobs) essentially controlling two companies that will between them produce the content, the distribution network, the playback codec and the playback device.

      The potential for abuse is frightening

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    2. Re:Don't kid yourselves by squiggleslash · · Score: 4, Insightful
      I'm pretty sure people said the same of Apple before the NeXT people took over (that was carefully worded and I'm still sure someone's going to point out Apple bought NeXT - yes, they did, but NeXT's people took over Apple, I mean, they became the senior people and stuff.) Right now, with John Lasseter being Disney's Chief Creative Officer, and Jobs both on the board and being Disney's largest shareholder, it looks like, at least nominally, a replay.

      Now, that said, there are differences, chief among them being that neither Jobs nor Lasseter is a former CEO of Disney, and as such are not necessarily as familiar with the culture and market as Jobs was with Apple.

      Disney, like Apple in the mid-nineties, has lost its way. For the past 30 years, it's not really had any significant direction, and has concentrated largely on media takeovers and lobbying for copyright extentions to protect Mickey Mouse, arguably a brand that has fizzled out anyway over the last decade. There's still a lot of good coming out of it, clearly there are good people in parts that are trying to find good things and pump Disney money into them, whether it's Pixar or Miramax (Pulp Fiction.) While I'm not necessarily going to argue that Jobs or Lasseter are the right people for the job, it certainly needs a fresh approach, and Jobs and Lasseter may, ultimately, be the right people to do that.

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    3. Re:Don't kid yourselves by node+3 · · Score: 4, Interesting

      In the early 80's, Disney was severely in danger of fading away. Eisner not only saved Disney financially, but built it into the huge, powerful media corporation it is today. However, it's not all roses. As you noted, "Disney is a supertanker of a company" that "exploit[s] its brand[s] on ... third-rate tat."

      Disney's new CEO, Robert Iger, has impressed Steve Jobs enough to make this deal possible. Jobs is the type of person who wants to make [insanely] great things, and he wouldn't send one of his greatest creations into the maws of mediocrity. If you recall, it was recent that Jobs was ready to leave Disney in a very public row between Jobs and Eisner.

      I fully expect the Pixar acquisition will make Disney better far more than it will make Pixar worse. I also suspect that under Iger, Disney will be vastly different from the Disney your post describes. How Disney's new CEO fares has yet to be decided, but the prognosis is positive, especially if Steve is willing to trust one of his three greatest creations to him.

    4. Re:Don't kid yourselves by Dan+East · · Score: 4, Insightful

      I mean we're going to have one guy (Jobs) essentially controlling two companies that will between them produce the content, the distribution network, the playback codec and the playback device.

      Are you talking about Sony?

      Dan East

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    5. Re:Don't kid yourselves by Doctor+Faustus · · Score: 3, Insightful

      I'm pretty sure people said the same of Apple before the NeXT people took over... I'm still sure someone's going to point out Apple bought NeXT - yes, they did, but NeXT's people took over Apple

      The usual way to word that around here is that NeXT bought Apple for $-400 million. Alas, I didn't come up with that, but it's very apt.

    6. Re:Don't kid yourselves by wootest · · Score: 3, Insightful

      I mean we're going to have one guy (Jobs) essentially controlling two companies that will between them produce the content, the distribution network, the playback codec and the playback device.

      The only playback codecs Apple make that are somewhat relevant to this is Pixlet and Apple Lossless, and both are high-quality codecs that might make sense inside the studios but will never be used to encode any content distributed by the network to the playback device.

      The FairPlay DRM, however, is proprietary, but that's not a codec. And both H.264 and AAC are supported parts of the independent MPEG-4 standard. Nice try though.

      (And again, like someone else said, "You mean, like Sony?")

    7. Re:Don't kid yourselves by Rebelgecko · · Score: 3, Funny
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    8. Re:Don't kid yourselves by solios · · Score: 2, Interesting

      I'm pretty sure people said the same of Apple before the NeXT people took over (that was carefully worded and I'm still sure someone's going to point out Apple bought NeXT - yes, they did, but NeXT's people took over Apple, I mean, they became the senior people and stuff.)

      Look what became of the operating system. Mac OS X is about as "Mac" as OS/2. It's NeXT for the masses and any resemblance to OS 9 is purely coincidental. :P

    9. Re:Don't kid yourselves by tpgp · · Score: 4, Funny

      I mean we're going to have one guy (Jobs) essentially controlling two companies that will between them produce the content, the distribution network, the playback codec and the playback device.

              Are you talking about Sony?


      Sorry, I meant to say:

      I mean we're going to have one guy (Jobs) essentially controlling two companies that will between them produce content we like, the distribution network, the playback codec and the playback device.

      See - sony no longer fits the description ;-)

      --
      My pics.
    10. Re:Don't kid yourselves by rjung2k · · Score: 2, Interesting

      Look what became of the operating system. Mac OS X is about as "Mac" as OS/2. It's NeXT for the masses and any resemblance to OS 9 is purely coincidental.

      Speaking as a Mac user for over a decade, I have to say that you make this sound like a bad thing.

    11. Re:Don't kid yourselves by sjf · · Score: 2, Informative

      In itself it isn't. However, many companies have no single shareholder holding much more than that percentage. What 7% gives you is the loudest independent voice on the board and the right to make the phone calls to the other investors.

      Indeed, typical large companies with long histories will not have any single investor with anthing approaching 50%.

      I've no idea if job wants the CEO position, in fact I expect he doesn't, but if he did he's in a great position to persuade other shareholders. 7% of a huge company like Disney is a bucketload of influence.

    12. Re:Don't kid yourselves by nagora · · Score: 2, Funny
      I've no idea if job wants the CEO position

      Bloody hell! First the boils, then the post of CEO of Disney. Poor old Job's having a bad time. Still, better than Jonah. Marginally.

      TWW

      --
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  4. My Guess: by bakes · · Score: 2, Insightful

    does this mean that Disney's movies will improve, or that Pixar's will become worse?

    My Guess: both.

    We shall see.

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  5. More Like Pixar Took Over Disney by Anonymous Coward · · Score: 4, Insightful

    Lassiter is now Chief Creative Officer of the animation studios, as well as Principal Creative Advisor at Walt Disney Imagineering. Pixar president Ed Catmull is now president of the new combined Pixar/Disney animation studios. And as much as I dislike Technomessiah Steve, I would love to see him take over the creative vision aspect of the theme parks.

  6. iTunes by Peter+Bonte · · Score: 4, Insightful

    I'm wondering what the Disney/Pixar - Apple relation is going to work out. iTunes is selling Disney material now so apparently there is some cooperation.

    1. Re:iTunes by vistic · · Score: 2, Insightful

      Well there was an even bigger relationship between Apple and Pixar (as its own company) and I don't recall seeing a ton of special promotions and cross-over collaborations and such. So I would expect even less from Disney and Apple now, since Steve's role at Disney is less than it was at Pixar.

  7. Either which way by TehBlahhh · · Score: 3, Insightful

    I think it is too early to draw any conclusions from this deal. It could still go any which way - better films, worse films, more web X.0 content, more DRM, and so on and on. I'd say we need about half a year before any 'conclusion' on this deal is more then mere speculation.

    With that in mind, allow me to say: WOHOO! all the backlog of (quality) disney movies on my ipod!

  8. In the best of all worlds, by ameline · · Score: 4, Interesting

    This will be similar to Apple buying Next. In the end, all the senior people of Next wound up running Apple -- Apple adopted NextStep as their OS, and called it OSX.

    With any luck, Jobs, Lasseter, and other senior Pixar people will wind up running Disney. It would be a substantial improvement.

    --
    Ian Ameline
  9. Not hard to see why.... by FalconZero · · Score: 5, Insightful
    ...from the box office totals (in millions of US dollars)

    Pixar
    • Toy Story (1995) $191
    • Bugs Life (1998) $162
    • Toy Story2 (1999) $245
    • Monsters, Inc (2001) $255
    • Finding Nemo (2003) $339
    • Incredibles (2004) $261

    Disney
    • Aladdin (1992) $217
    • The Lion King (1994) $312
    • Pocahontas (1995) $141
    • Hunchback of Notre Dame (1996) $100
    • Hercules (1997) $99
    • Mulan (1998) $120
    • Tarzan (1999) $171
    • The Emperor's New Groove (2000) $89
    • Atlantis (2001) $84
    • Lilo & Stitch (2002) $145
    • Treasure Planet (2002) $38
    • Brother Bear (2003) $85
    • Home on the Range (2004) $50

    Can you guys spot the trend too?

    (Data from Wikipedia/www.boxofficemojo.com)
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    1. Re:Not hard to see why.... by david.given · · Score: 4, Interesting
      The Emperor's New Groove (2000) $89

      Damn. There's no justice. That film is great, and completely blows away most of their other recent films for sheer style, verve and originality --- I reckon it's better than The Lion King, which suffered rather from the Disney over-earnestness.

      Treasure Planet (2002) $38

      That one's a real pity. Everything about it was so good --- the animation, the concept, the style, the characterisation, the acting --- except for the actual plot. If only they'd stuck to the original Stephenson novel instead of going off into la-la land with space portals and huge explosions and crap like that, this could have been good. The first half --- up until whatshisname gets pushed overboard by Silver --- is well worth watching.

      Home on the Range (2004) $50

      I've never even heard of this one. That's how much Disney's impacted me recently...

  10. Now is the time by aiabx · · Score: 2, Interesting

    It's hard to judge a movie by it's trailers, but if Cars turns out to be as awful as it looks, Pixar is going to crash and burn when it's released. Best to sell now while Pixar's reputation is still riding high.
            -aiabx

    --
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    1. Re:Now is the time by Stan+Vassilev · · Score: 3, Insightful

      "It's hard to judge a movie by it's trailers, but if Cars turns out to be as awful as it looks, Pixar is going to crash and burn when it's released. Best to sell now while Pixar's reputation is still riding high."

      This happens almost before every Pixar feature. Examples.

      Finding Nemo? A story about fish? WTF can't they animate stuff with legs anymore, this is going to be so lame, omg Pixar is ruined. Results: critical acclaim and great box office, awards, great public perception.

      Incredibles? Omg those are so stylised, nothing creative about it, some story with CG humans. It looks so lame, omg Pixar is ruined. Results: critical acclaim and great box office, awards, great public perception.

      Now it's happening to cars. But all those who are trolling on the teaser trailer will be in for a surprise. Pixar isn't randomly greenlighting movie screenplays based on explosion/boob ratio.

      I'm sure it's gonna be a great movie and I'm looking forward to it.

    2. Re:Now is the time by 16K+Ram+Pack · · Score: 2, Insightful
      Every teaser from Pixar sucked. Thankfully, every movie hasn't.

      I personally rate Bug's Life as the least good Pixar movie. Which is still head-and-shoulders above every non-Pixar non-Shrek CG movie.

    3. Re:Now is the time by cyberbian · · Score: 2, Funny

      Pixar isn't randomly greenlighting movie screenplays based on explosion/boob ratio.

      That's what Touchstone is for!

      --
      if I claimed I was emperor just because some watery tart lobbed a scimitar at me they'd put me away!
  11. Plan for Profit! by wbren · · Score: 4, Funny

    1. Buy Pixar for $10 million
    2. Build it into a great animation studio
    3. Sell yourself to the devil (Mickey Mouse)
    4. Personal profit of $3.5 million!

    Great work, Steve Jobs! See, this time I didn't even need to include the mysterious "..." step. Amazing!

    --
    -William Brendel
    1. Re:Plan for Profit! by iamdrscience · · Score: 3, Informative
      Personal profit of $3.5 million!
      I think you may have misread something important. He bought Pixar for 10 million and it is now worth 7.4 billion of which he owns >50% of the shares. His personal profit is far far greater than 3.5 million.
  12. Toy Story 3 and history of Pixar by boxlight · · Score: 4, Insightful
    does this mean that Disney's movies will improve, or that Pixar's will become worse?


    Disney owned all the sequel rights to Pixar movies, so a few months back Disney was saying they were going to do Toy Story 3 without Pixar. If that'd happened it would've produced a better Disney movie, but a worse Pixar movie -- if you follow me.


    Despite popular fanboy and media opinion, John Lasseter is the mind behind the success of Pixar's movies. Steve Jobs is the owner, distribution negotiator, but Lasseter is the talent.


    BTW, there's a great chapter in THE SECOND COMING OF STEVE JOBS about the history of Pixar. Check it out.


    boxlight


  13. does this mean we'll see Pixar's TRON 2? by boxlight · · Score: 4, Interesting

    I wonder if this means we'll see that remake of (Disney's) TRON that John Lasseter wanted to make?

    Cool!

    boxlight

  14. Pixar trailers by xusr · · Score: 2, Interesting
    Pixar trailers have never been very good, at least not in the 'traditional' way. Some movies (star wars ep. i-iii, matrix rev and reloaded...) pack every decent shot into a 59 second trailer. Pixar actually concentrates more on the movie than the trailer. That says something about them as a company.

    p.s. the Incredibles? Incredible.

  15. "Eaten" a bit extreme. by Syberghost · · Score: 2, Insightful

    The deal wasn't exactly "here's some money now eff off we own you." It was more like "here, you can have my living room if you'll take the 'Pixar' sign down and replace it with this 'Disney' sign". Disney has been bankrolling all their films for years anyway, and Steve Jobs is now the largest single Disney stockholder.

  16. Who ate whom here? by pla · · Score: 2, Insightful

    Pixar has been sold to Disney.

    I keep hearing this, but the details strike me as an entirely different story...

    Disney "bought" Pixar for stock. Steve Jobs owned Pixar. Steve Jobs now owns more Disney stock than anyone else. This would seem to mean that Steve Jobs now "owns" Disney, no?

    I mean, the rest of the stockholders could outvote him collectively, but in general Jobs now more-or-less controls the future of Disney.


    So, considering that, would it sound more accurate to say "Apple has Borgified both Disney and Pixar"?

    1. Re:Who ate whom here? by FidelCatsro · · Score: 2, Insightful

      10 years down the line I could speculate about Apple taking over Disney .. if I were Dvorak I would at least . Since I am not , it sounds just silly.
      Though Steve Jobs has definitely done this to bolster iTunes and the iPod , at least in part .. so perhaps it is not that far fetch to see Disney becoming Apple Entreatment

      --
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  17. Itchy & Scratchy infringement by digitaldc · · Score: 2, Funny

    First Samba eats the cat, then Mickey eats Pixar...
    Is this an indication that companies are getting so desperate that they are starting to copy the collected works of Itchy & Scratchy?

    --
    He who knows best knows how little he knows. - Thomas Jefferson
  18. Apple computer on the phone for you Mr. Jobs. by mrshowtime · · Score: 4, Informative

    Jobs should have waited a few more years and maybe could have acquired Disney :) However, I seriously doubt Jobs will let any of the idiots running Disney or any "middle management" types even on Pixar's Holy Ground, let alone put -any- suggestions on anything creatively. Why attempt to break what is "money in the bank" for Disney by letter Pixar do what Pixar does best. Remember, Jobs is now "Mr. Disney" he owns the most stock out of any shareholders and is on the board of directors. Do not be surprised if you do not see Jobs as CEO in a few years of Disney. Apple who?

    --
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  19. Hi! I am an animator. I am a millionaire. by Shihar · · Score: 5, Insightful

    Guys, what happened is GOOD. Disney just made anyone holding stock in Pixar a millionaire. I once consulted at a company where this has happened. You pull up into the parking lot and no one has a car worth under $40,000. Everyone shows up to work because they want to and like working there, not for the salary. If the company goes down the shitter, they just leave.

    IP and equipment didn't make Pixar great. The people made Pixar great. If Disney fucks it up, everyone just ups, leaves, and forms a new company leaving Disney with nothing but a name. Disney shelled out a few billion for the SHOT at using Pixar to do something good. If they blow it, the real 'assets' of Pixar can simply leave and go make another few million each.

    I saw good for Pixar. Way to make yourself horrifically rich and still leave a dozen escape hatches to bail from Disney. Those people deserved a big steaming pile of money. I hope they go out and enjoy it.

  20. Becuse Disney buys laws by backslashdot · · Score: 2, Interesting

    Disney bought a law extending copyrights for 25 more years so they can hold on to Mickey Mouse until 2020. I don't care about a stupid mouse .. but it's unacceptible to have perpetually lasting copyrights. Disney made money from stories like Snow White and Beauty and the Beast without having to py the original authors .. and now they are trying to make perpetual copyrights for themselves.

    http://en.wikipedia.org/wiki/Copyright_Term_Extens ion_Act

    Hope this clears things up?

    1. Re:Becuse Disney buys laws by 10Ghz · · Score: 2, Interesting
      Disney is horribly evil because it has manipulated copyright law that is just plain "wrong" (even though the American courts don't seem to think so)


      Just because something is legal does not mean that it's right. There is a loophole in copyrights, namely: they only last for a "limited time". If you keep on extending the time those copyrights last, it's still "limited time", when in reality it's something different. It might be legal and OK according to the letter of the law, but it's still morally wrong and it goes against the spirit of the law.

      and they have used older material, writen by others, which is also "wrong" (though they have never been successfully prosecuted for such a thing?)


      The problem is that they took content that was in public domain for free, and used them to earn big bucks. Now that they were about to face a situation where THEIR content was about to enter public domain, they started to whine and got copyrights extended. They want to take advantage of content created by others, but they refuse to return the favour.

      There is a case of Disney using content which copyright was not in public domain: Winnie the Pooh for example. The copyright belongs to heirs of A. A. Milne. Of course Disney owns the rights to their version of Pooh, but not to Pooh itself or the original stories. As it happened, A. A. Milne's hometown wanted to erect a statue honoring Milne. The statue would have had Pooh in it (the original, not the Disney-version). Disney sued, claiming that Pooh is their property. IIRC, the town capitulated when faced with Disney's army of lawyers.

      I think that Disney was at it's worst during the Eisner-era. I have hopes that post-Eisner Disney will be "better".
      --
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  21. The way I saw it by MickDownUnder · · Score: 3, Interesting

    Well.... Steve Jobs is not just on the board of Disney... he's now the largest stock holder. I saw a TV interview with disney's CEO Robert Iger and Steve Jobs, if that interview is anything to go by Jobs is going to have a major input on how Disney is going to be run from this day forward, Mr Iger actually looked quite uncomfortable in the interview when jobs began to speak... and speak.... and then speak some more.

  22. It's about time.. by seven+of+five · · Score: 3, Interesting

    ... Steve Jobs finally 'made it'. After all that hard work and risk taking... I sincerely hope he kicks ass and offends people in the Disney board room, and has not mellowed out overmuch the past few years...

  23. The Emperor's New Groove by Anonymous Coward · · Score: 2, Informative

    The odd thing about The Emperor's New Groove is that Disney actually made it twice. Once in was a serious film titled something like "The Land of the Sun." They almost finished the movie, shelved it for a few years, and then remade it as a screwball comedy.

    It's a pretty funny movie, if you can accept that it doesn't make any sense in a traditional Disney semi-epic way. The conflict doesn't matter, the characters are powerless, it's a farce.

    Lilo and Stitch is indeed the best traditional animation made in North America in fifteen years, and maybe the only time Disney has really hit it out of the park on an original story. Pixar, on the other hand, does nothing but original stories. This is the real secret of Pixar's success. Everyone's tired of repackaged folk tales.

  24. Re:I don't understand by Tim+Browse · · Score: 2, Funny

    Prepare to eat your words! :-)

  25. Does this mean... by PurpleButter · · Score: 5, Funny
    Does this mean that Mickey Mouse will now only have 1 button?

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  26. How does it work? by ceeam · · Score: 4, Insightful

    7-odd billion dollars. Let's suppose that Pixar employees work for peanuts and every movie is a hit and they net $200mil with each one (I'm generous today). That would take 35+ titles to bring those 7-odd billions back. Seems unlikely. OTOH - maybe Disney _needs_ something to prevent their image going _completely_ through the floor... They need someone to go to Disneylands, for example, etc... Still... Looks like a bubble.

    1. Re:How does it work? by WebGangsta · · Score: 4, Insightful
      7-odd billion dollars. Let's suppose that Pixar employees work for peanuts and every movie is a hit and they net $200mil with each one.

      Even if you go with $200m, you're still forgetting a few things:

      (a) you're talking about US box office numbers, not international [see the box office breakdown here]. International BO numbers will bring that figure way up.

      (b) DVD sales, licensed merchandise (plush, books, lunchboxes, tshirts, etc), and theme park attractions will all contribute to the bottom line on top of the BO numbers.

      (c) Pixar was sitting on $1b in cash themselves, so the stock swap actually netted Disney a little bit of cash, making the quoted $7.4b number a bit of a misnomer.

    2. Re:How does it work? by dubl-u · · Score: 2, Informative

      According to your link, Pixar has only grossed $3.2bn since 1995. $7.4bn, or even $6.4bn considering the cash Pixar had on hand, still seems like a lot of money. Might take them 10 years to recoup their investment.

      You're thinking about it like a stockholder, not an acquirer.

      The theory behind most acquisitions is that you are getting something beyond the existing income stream. The business buzzword for this is "synergy". I haven't followed the deal, but my guess it that they are expecting to be able extract a lot of money from Pixar properties through their parks, stores, media channels, distribution networks, and the brain implants they apparently have in every six year old.

      Also, from the performance of recent Disney films, it's clear Disney needs a creative kick in the ass. Hopefully by swapping key people around they can make the Pixar mojo contagious. That would allow Disney to get a lot more money out of current assets, hopefully without harming the Pixar revenue stream. And of course, they keep Pixar out of the hands of a competitor, which is always appealing to budding monopolists.

  27. Re:Isn't it the other way around? by csoto · · Score: 4, Insightful

    Exactly my thoughts. Basically, Disney Animation is gone. It has been replaced in whole by Pixar, which isn't altogether a terrible thing. I mean, Disney couldn't milk the Lion King forever, and they had no new ideas.

    I don't think Jobs would have agreed to this if he wasn't sure the talent were also coming along. He did the same with Apple - he brought Avie and gave Ive the carte blanche he required. If Jobs cares about Pixar, and my understanding is, he does, then there's little to worry about. Lasseter is the creative force behind Pixar, and not only will he be in charge of Disney's animation vision, but they're putting him in charge of theme parks, consumer goods and even their broadway stuff. That's a massive shift in power, and it's long overdue.

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  28. Good for Pixar, Good for Disney by WebGangsta · · Score: 4, Insightful
    I read most of the comments for this article posted so far, and everyone seemed to be miss the important part of the story, because it's not all about Jobs:

    John Lasseter is now Disney's Chief Creative Officer, working with the animators at Disney and Pixar as well as leading the Imagineers in designing and revamping attractions for the theme parks. Also, the current President of Pixar, Ed Catmull, is now the head of all Disney Animation.

    All the news reports I've seen have said that Iger and Jobs main concern was keeping Pixar as intact and independent as possible. Lasseter is under contract until 2011, and is well respected in the animation field for his passion for storytelling and perfection. When asked about whether traditional 2D animation would be restored, John didn't rule it out.

    Read the LA Times article about John for more insight.

    With Ed and John running all animation at Disney, and Jobs sitting on the board to help them from the top, where's the possible downside?

  29. Comment removed by account_deleted · · Score: 2, Insightful

    Comment removed based on user account deletion

  30. Pixar brand will remain by Udo+Schmitz · · Score: 2, Informative
    " you can have my living room if you'll take the 'Pixar' sign down and replace it with this 'Disney' sign"."

    It seams as if they won't even do that:

    "Even with the buyout, Disney films produced by Pixar's animation studios and staff will continued to be marketed under the dual "Disney Pixar" brand. "It would be foolish to throw any of [the successful brand] away," the company said."

    Says AppleInsider quoting a CNBC interview.

  31. The Real Story by Bill+Hayden · · Score: 2, Interesting

    More like "Pixar buys Disney with Disney's money". This is very similar to how Steve Jobs got Apple to buy Next, and the Next people took over.

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  32. Re:Isn't it the other way around? by ZaMoose · · Score: 2, Interesting

    Two repsonses:

    1. There's only so much of Lasseter's time to go around. I think one of the big benefits of him being restricted to Pixar was precisely that he didn't have to worry about all manner of marketing, distribution and theme park crap. If he has to pay attention to all those extra facets, something has to suffer (at least until we figure out how to switch to a 36 hour standard day...).

    2. As long as he manages to help Disney avoid atrocities such as Bambi freakin' II ("The Love of a Father, the Courage of a Son". Shoot me now.), it'll be a net positive, IMNSHO.

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  33. re:Pixar Eaten by Mickey Mouse by MrBuild · · Score: 2, Insightful

    The Mouse has lost a lot of creativity in recent years. Re-telling another childs story has been their staple. Now Pixar has a more imaginative group that is telling new stories. I believe that creativity will win out over re-treading another old story, and the folks from Pixar will take over the creative positions in Disney. Disneys music biz on the other hand will likely stay as is...

  34. Re:You are underestimating the NASCAR crowd. by Kirth · · Score: 3, Funny

    I predict that Cars will totally flop in Europe.

    --
    "The more prohibitions there are, The poorer the people will be" -- Lao Tse
  35. Re:Disney has no influence over Pixar? by Anim8me2 · · Score: 5, Interesting
    SO, you are right in the abstract but you are missing the details.

    Disney makes most of that money in marketing and licensing. NOT from box office.

    in this case Disney has final say like a hen-pecked husband has final say in his house... "Yes dear, whatever you say." The fact that Jobs has no creative input is moot, what he does have is a seat on the board and controlling interest. As such if Lasseter and Catmull call him up and say they need his backing on an issue, he will do it. He is very aware of what makes Pixar great.

    You seem to think that Disney just snapped their fingers and created a CG division. Actually what they did was consolidate their assets from several location (Orlando, LA, New York). Remember there were at the very least 400 animators/modelers/TDs working on "Dinosaur" and many of them remained or were hired back over the years. 2 years is about right for a studio to produce a CG feature. Pixar has that number cut down and Animal Logic are trying to do it in 9 months for "Happy Feet", but the idea is the same. The pipelines have been in place for a while so this is no great feat.

    Will we see more marketing of Pixar movies (toys, games, etc.)... sure. That is one of Disney's strengths right now. That doesn't make them bad. THey are just leveraging their content in the only way they know. That will even out over time as the Pixar mentality spreads to the right people at Disney.

    Lasseter is in charge of story, so don't expect a slew of sequels. DO watch for a live action feature written and directed by Brad Bird. And ya know what... it will kick ass!

  36. It'll sort itself out. by Randolpho · · Score: 2, Insightful

    I say, don't worry too much. Yes, Pixar was, by far, my favorite movie studio.

    But what made them great? The folks that worked at Pixar, the directors, the animators, and the producers.

    So what will happen if Disney starts forcing their particular outlook on things? Well, aside from the fact that they've already been doing that for every Pixar flick ever made, there will essentially be a choice for the Pixar folks. Do it Disney's way, or walk.

    If they can't do quality stuff for Disney, I think the folks at Pixar will walk and form their own, new Pixar-ish company. Sure, the Pixar brand name will be gone, but the name isn't what's important, it's the folks making the movies.

    So give it a movie or two. There may be kinks, but I think things will smooth out over time. With or without Disney, we'll still eventually get the movies we love again.

    --
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    -Marilyn Manson
  37. Re:Hi! I am an animator. I am a millionaire. by Apotsy · · Score: 3, Insightful
    Uh, they only paid a few % over the current trading value of Pixar's stock. In order to have been made a millionaire by this deal, you would have already had to have owned a million dollars worth of Pixar stock, or close to it.

    Pixar stock did go up a double digit percentage over the past few months on speculation that this would happen, but that's still not going to make anyone rich unless they were already.

  38. Cross Marketing by tm2b · · Score: 2, Interesting

    I wonder how long it'll be before we start seeing Disney character themed iPods for kids.

    --
    "It is our blasphemy which has made us great, and will sustain us, and which the gods secretly admire in us." - Zelazny
  39. MickeyMac by foo+fighter · · Score: 2, Funny

    Later this year we'll see the release of the "MickeyMac".

    It's case will be red and black with Mickey Mouse ears, similar to the TV/DVD combo you can find at Target.

    Released at the same time will be the entire Disney animated feature catalog on iTunes Movie Store. I call first dibs on "Aristocats"!

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    obviously no deficiencies vs. no obvious deficiencies
  40. What happens after the merger? by simong · · Score: 2, Funny

    Apple-Disney becomes Dapple.

    Then it buys Sun, and becomes Snapple-Dapple.

    It's a turning into a long afternoon.

  41. Trojan Horse by catdevnull · · Score: 2, Insightful

    I think Disney will become more Pixar like. If Jobs and Lasseter have any influence at all, the Disney shite that's been pumping out of their crap factory will start to improve.

    This is actually a sneaky move by Steve to put the iTMS in a solid position to distribute content.

    Let's not also forget that Disney distributes and produces under other brand names as well:

    -Buena Vista
    -Touchstone
    -Dimension
    -Miramax

    So what kind of hook-up do you think "The Steve" is going to have for adding content to the iTMS?

    Oh, also (if you, too, have read the wiki entry for Disney) Disney owns the rights to lots of music, too. Buena Vista Music Group--Disney Records, Mammoth, Lyric Street, and Hollywood.

    Oh, and what else? Oh, let's see:

    Disney's Media Networks:
    -ABC
    -Disney Channel
    -ABC Family
    -Toon Disney
    -ESPN
    -SOAPNet
    -Holdings in A&E, Lifetime and E!

    I think Steve was doing a sacrifice fly on this one....

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    I might know what I'm talkin' about, but then again, this is Slashdot...
  42. No kidding! by TCQuad · · Score: 2, Funny

    Pixar isn't randomly greenlighting movie screenplays based on explosion/boob ratio.

    And they're doing lots of other things wrong, too!

  43. Re:Well I am happy about this! by btpier · · Score: 2, Interesting

    From what I see, you're not really getting much of a deal on your shares though. At the start of the year your shares of Pixar were worth $53.11 (assuming here that the run-up over this month is due to the buyout rumors), now you're going to get 2.3 Disney shares for each, which today are worth 26, so you're getting a total value of $59.8 for you Pixar shares but not in cash, in Disney stock. Now in the last 2 years Disney stock has gone absolutely no where whereas Pixar has increased 100%. Sounds like a raw deal for the shareholders to me.

  44. Yay Lasseter!!! by Medievalist · · Score: 2, Informative


    Remember, this is the guy who brought Hayao Miyazaki back to the US market.

  45. Re:Hi! I am an animator. I am a millionaire. by kmo · · Score: 2, Informative
    Disney just made anyone holding stock in Pixar a millionaire.

    Hardly. Disney is offering 2.3 shares of Disney stock per share of Pixar stock. Depending on when you want to pick valuations, that's a 3% to 5% higher than the current value of a Pixar share. If Disney stock drops before the takeover, it could be even less.

    I see what Disney gets out of it. I don't see what Pixar shareholders get out of it. They trade stock in a premier and focused media company with excellent growth prospects for stock in a huge, diverse company whose growth prospects are improved by Pixar, but are certainly less than those of Pixar alone.

  46. Coming Attractions... by mightymik2 · · Score: 2, Insightful

    Treasure Planet 2. I think it's all downhill from here, as now everything must comply with the 'disney formula'.

  47. Read the Hollywood Reporter article by Animats · · Score: 2, Informative
    The Hollywood Reporter has a more detailed article.

    Ed Catmull will head up the combined animation studio. Lassiter is higher up, responsible for not just the studio side but Imagineering (theme park rides), among other things.

    "It wasn't clear Tuesday what role Walt Disney Feature Animation president David Stainton will play." Or, he's out, but may have a contract that gives him exit money anyway. Stainton was previously in charge of Disney's TV animation unit, DisneyToons, the unit that produced bad sequels (The Lion King 1 1/2, Lilo and Stitch 2), The Heffalump Movie, Mickey's Twice Upon A Christmas).

    Several films in the Disney pipeline ("American Dog," "Meet the Robinsons" and "Rapunzel Unbraided.") will probably be killed. Disney Animation, in beautiful downtown Burbank (once called "Mauschwitz" in the industry) will live on. Probably as a CGI shop, though; they'd already moved away from 2D animation.

    Technically, one big question is whether Disney Animation will go with the Pixar "all Renderman, all the time" procedural texture approach. Pixar's house style, 100% procedural textures, is what gives that "Pixar look". Everybody else uses pictures of real objects as textures, at least some of the time.

  48. Hrmm.. by Lithos · · Score: 2, Interesting

    Maybe I'm reading a little too far into this here.. but wasn't there speculation a while back that Steve Jobs wanted to get in on the cell phone industry? ESPN (owned by Disney) just started its own cell phone company with mobile video (sports highlights) and whatnot.. I don't know, but it seems to me like this is as much a play for Steve Jobs to get his hands into areas he's wanted to get into but hasn't had the appropriate gateway. If you look here at the list of companies Disney actually owns, Steve has access to more than you'd initially think: http://www.cjr.org/tools/owners/disney.asp

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  49. Let's not forget Brad Bird by elkweedo · · Score: 2, Insightful

    I'm interested to hear what role Brad Bird will be playing in terms of revitalizing / refreshing the creative side. Alongside Lasseter, I think Bird would serve the animation side well, having worked in Disney's animation dept. before (if I recall correctly). Having worked w/ Disney's "old men", I can imagine he has a good feel for the roots of what made Disney animation great in its time.

    That is, if he isn't as big of a dick as he comes off as in some of the "behind the scenes" clips.

    cheers.

  50. Bye bye Pixar by Avatar8 · · Score: 2, Interesting
    I think Pixar content will suffer greatly. I believe that Disney will censor all of the films so we won't end up with the cheekiness that makes it enjoyable for children and adults.

    "The Incredibles" was, well, incredible. The colors, action and story keep my girls interested. The inuendo and high-level humor keep my wife and I interested. There are very few Disney films that can hold my attention after the first viewing.

    My major problem with Disney is their hypocrisy.

    I remember the stink they raised in the 90's about their gay employees. I think it had something to do with the Southern Baptist convention choosing Disneyworld as their meeting site numerous times. So Disney goes through a "purification" phase where everything they touch will be pure and family oriented. Shortly afterwards they purchased ABC. For perhaps nine months, it could have been the Family channel. Then the numbers dropped and they resort to typical shock TV. "The Shield." Now ABC and Disney is anything but pure. Maybe that's why their animators slip almost invisible sexual graphics into their cartoons and movies.

    What someone just posted here makes me think even less of Disney. It never occured to me that all those fairy tales they turned into movies were public domain. I always wondered who they paid to get the legal rights to all that material. Obviously, no one. Mouse ear wearing bastards.

  51. "Preserving the Pixar culture" is most important.. by javaxman · · Score: 2, Insightful
    It's very telling that Steve said

    "Most of the time that Bob and I have spent talking about this hasn't been about economics," Jobs said. "It's been about preserving the Pixar culture--because we all know that's the thing that's going to determine the success here in the long run."

    Get that? The big sticking point in negotiations wasn't how much money would change hands, but how much control Pixar would have over it's future operations within Disney. It's going to be NeXT and Apple all over again, with any luck. Jobs, Iger, and probably at least Roy Disney all see eye-to-eye here, so they'll run the board while Lasseter and the other Pixar folks whip creative operations into shape.

    I'm going to guess it's a scary time for Pixar and an exciting time for Disney. Or is it the other way around ?

  52. NNNOOO! by sargosis · · Score: 2, Insightful

    The fact that pixar was seperate from disney was the only thing keeping it alive. Selling it to disney would force pixar to produce worthless movies like "Chicken Little."

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