Darkbeer
09-25-2003, 02:34 AM
No Pixar Deal Yet, Disney Chairman Tells Board (http://www.latimes.com/business/la-fi-pixar24sep24,1,1498070.story) - Los Angeles Times, 9/24/03
QuikQuote: The Disney chief executive had hoped to present to the board a financial arrangement that would extend the successful relationship between the companies beyond their current contract, which expires in 2005. Instead, he delivered a more somber message during the regularly scheduled board meeting, indicating that the two sides still have some major issues to sort out, sources said.
Although Disney directors would like to see a new deal with Pixar — considered the industry leader in computer animation — they made it clear to Eisner on Tuesday that he should accept only a contract that makes financial sense for the Burbank-based entertainment giant, sources said.
QuikQuote: The Disney chief executive had hoped to present to the board a financial arrangement that would extend the successful relationship between the companies beyond their current contract, which expires in 2005. Instead, he delivered a more somber message during the regularly scheduled board meeting, indicating that the two sides still have some major issues to sort out, sources said.
Although Disney directors would like to see a new deal with Pixar — considered the industry leader in computer animation — they made it clear to Eisner on Tuesday that he should accept only a contract that makes financial sense for the Burbank-based entertainment giant, sources said.