Lani
08-06-2003, 12:53 PM
Nemo's Battling Parents (http://money.cnn.com/2003/08/06/news/companies/pixar/index.htm?cnn=yes) - CNN Money, 8/6/02
As Pixar gets ready to report its financial results, the business world waits eagerly to see if there will be any hint about the future of the Pixar-Disney partnership.
Pixar has been extremely profitable for Disney, but when the marriage ends in two more movies, Pixar has said it will want to keep more of its profits. And profits they are -- each movie has made more and more money, including Finding Nemo, which at $322 million, has surpassed Disney's The Lion King as the animated film to have made the most money....analysts think the two sides will reach an agreement. Miller sees a deal that will give Pixar 70 percent or maybe even 80 percent of the profit of future films, including "The Incredibles" due out in November 2004 and "Cars," now slated for release in late 2005, both under the current Disney-Pixar deal.
"The simple fact of life is this deal works," said analyst Dennis McAlpine of independent research firm McAlpine Associates. "Why screw it up? Why should Pixar go to Fox or Warner or anyone who might make a mess out of it? And I don't see any way that Disney would give up all that money."
As Pixar gets ready to report its financial results, the business world waits eagerly to see if there will be any hint about the future of the Pixar-Disney partnership.
Pixar has been extremely profitable for Disney, but when the marriage ends in two more movies, Pixar has said it will want to keep more of its profits. And profits they are -- each movie has made more and more money, including Finding Nemo, which at $322 million, has surpassed Disney's The Lion King as the animated film to have made the most money....analysts think the two sides will reach an agreement. Miller sees a deal that will give Pixar 70 percent or maybe even 80 percent of the profit of future films, including "The Incredibles" due out in November 2004 and "Cars," now slated for release in late 2005, both under the current Disney-Pixar deal.
"The simple fact of life is this deal works," said analyst Dennis McAlpine of independent research firm McAlpine Associates. "Why screw it up? Why should Pixar go to Fox or Warner or anyone who might make a mess out of it? And I don't see any way that Disney would give up all that money."