Sony to buy Pixar?
CBS Marketwatch reports that Pixar's shares jumped this morning on rumor of a Sony buyout. Apparently, the consumer electronic giant wants to offer $75 a share for the house of Nemo.
Pixar is currently trading at about $70. Analysts aren't giving the idea much credence. Pixar Chairman and Chief Executive Steve Jobs controls 60 percent of the company's floating shares, meaning he would want to give up control of the entity he's nurtured. "My opinion is that even if Sony offered $100 a share, Steve Jobs would reject the bid," said David Miller of Sanders Morris Harris. "He's essentially the board."
"I would find a Sony acquisition of Pixar to be highly unlikely," said Steve Lidberg of Pacific Crest Securities.
MGM Courts Pixar
Animated World Network reports that MGM Vice Chairman and COO Chris McGurk has been in talks with Pixar Animation Studios about a distribution partnership. McGurk is quoted saying that MGM would be "the best fit" for Pixar because of its worldwide distribution apparatus and because MGM doesn't possess any competitive animated films or family franchises. McGurk added MGM intends "to speak with [Pixar] again very soon."
My Question is if PIXAR signs a new agreement or gets bought out who controls the movies they already made? Could sony or MGM use the character from the previous movies?
CBS Marketwatch reports that Pixar's shares jumped this morning on rumor of a Sony buyout. Apparently, the consumer electronic giant wants to offer $75 a share for the house of Nemo.
Pixar is currently trading at about $70. Analysts aren't giving the idea much credence. Pixar Chairman and Chief Executive Steve Jobs controls 60 percent of the company's floating shares, meaning he would want to give up control of the entity he's nurtured. "My opinion is that even if Sony offered $100 a share, Steve Jobs would reject the bid," said David Miller of Sanders Morris Harris. "He's essentially the board."
"I would find a Sony acquisition of Pixar to be highly unlikely," said Steve Lidberg of Pacific Crest Securities.
MGM Courts Pixar
Animated World Network reports that MGM Vice Chairman and COO Chris McGurk has been in talks with Pixar Animation Studios about a distribution partnership. McGurk is quoted saying that MGM would be "the best fit" for Pixar because of its worldwide distribution apparatus and because MGM doesn't possess any competitive animated films or family franchises. McGurk added MGM intends "to speak with [Pixar] again very soon."
My Question is if PIXAR signs a new agreement or gets bought out who controls the movies they already made? Could sony or MGM use the character from the previous movies?
