Are Disney and Pixar the same company


Pixar shareholders will receive 2.3 Disney shares per share. The Pixar shares were valued at the market close at a price of 67.69 dollars with a total of 8.1 billion dollars (the equivalent of 6.36 billion euros), as Disney announced on Friday after the market closed in the United States. The purchase of Pixar was announced in January.

Pixar Animation Studios' six computer-generated films to date - including the box office hits "Toy Story", "Finding Nemo" and "The Incredibles" - have grossed $ 3.2 billion and won 20 Academy Awards. Pixar is next to Dreamworks Animation ("Shrek") as the most successful animation studio of all time.

Apple Computer founder and CEO of Pixar, Steve Jobs, held 50.6 percent of Pixar's stock. He is now the largest single shareholder with around seven percent of Disney shares. Jobs acquired Pixar for just ten million dollars after purchasing the computer graphics division of Lucasfilm in 1986 and made it one of the most lucrative film studios. He is currently causing a sensation at Apple Computer with the iPod music players, the online music service and the new Macintosh PCs.

According to industry experts, Jobs could play a key role in the entertainment giant Disney with his knowledge of the film, computer, Internet and music industries and give it new impetus. Disney controls movie studios, theme parks, cable TV channels and the huge US television company ABC.

Disney CEO Robert Iger (54) has also secured Pixar because he wants to strengthen the ailing animation division of his company with the innovative Pixar Animation Studios. Pixar President Ed Catmull takes over the running of the Pixar and Disney animation studios. The legendary animation specialist John Lasseter from Pixar becomes creative director of the studios.

Disney had distributed and co-financed numerous Pixar films, but the deal threatened to end with the upcoming cartoon "Cars". Jobs announced two years ago that he would look for a new sales partner after the end of his contract with Disney. At that time there was a tense relationship between Jobs and the former Disney boss Michael Eisner. His successor Iger was able to improve the relationship with Jobs again.

Disney not only wants to benefit from new Pixar films, but can also use Pixar's cartoon characters in its theme parks and on television in the future. Disney shares rose 2.43 percent to $ 29.09 on Friday, a twelve-month high. (dpa / tc)