Pixar Shareholders approve takeover

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clarksfan95

Member
You're right...they are worth so much more....their history speaks for itself and so does the quality of their films, especially when compared to what Disney has turned out in that same time frame. Disney has had some good films, but not too many that a lot of people consider great. Pixar on the other hand has dominated the animation industry from the get go....

and now, about them taking Disney over......:D
 
ThreeCircles

ThreeCircles

Member
Um... No.

Pixar has made five films. Yeah, that's a grand total of five films. How many has Disney made? When Pixar has completed the same number of films that Disney has, and yet to have one flop or perform poorly, then you can act as if the two are on the same level. Until then, um, yeah, they've made five films. :lol:

At least Disney holds the highest grossing film in their championed genre. Too bad one can't say the same for Pixar...

Yeah, that would be five films and $6.4 bilion was wwwaaayyyyy too much for Disney to shell out. I don't think a single reputable financial analyst has yet to disagree.
 
ThreeCircles

ThreeCircles

Member
CaliSurfer182 said:
Just as a point of reference the article says the deal was valued at more than 7.4 billion dollars.
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The value of the deal was $7.4 - $1 billion in cash Pixar has on hand for a net value of $6.4 billion.

If you buy a wallet for $20 but inside that wallet is $10... Iger spoke of this at the conference call when the purchase was announced in January.
 
C

CaliSurfer182

New Member
ThreeCircles said:
The value of the deal was $7.4 - $1 billion in cash Pixar has on hand for a net value of $6.4 billion.

If you buy a wallet for $20 but inside that wallet is $10... Iger spoke of this at the conference call when the purchase was announced in January.
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Ok that's cool.....I wasn't around for any of Iger's conference or shareholder speeches. I was just pointing out what the article said, so thanks for the clarification.

By the way your wallet analogy has me impressed.....pass along the name of the store when you get a chance. :lol:
 
C

clarksfan95

Member
but, but.....Pixar has the Disney passion...Disney doesn't.

Even Joe Ranft (an old-time Disney story person) said that Pixar felt more like Disney Animation when Walt was alive then actual Disney Animation has felt for decades.

That's the difference...that's what makes Pixar a better animation company then Disney is right now. I don't believe it's about how many films have been released, it's about how good and passionate they are. Name the last truly passionate Disney film.........I will...Lion King. Everything else that has come after has been compared to it and hasn't stood it's ground in that comparison. The only films that have...have been Pixar films. I loved Lilo and Stitch, but when it comes down to comparing it to Lion King...you can't. Lion King was Disney animation at it's best while Lilo and Stitch was a bright spot amongst not-so-great cartoons. I've honestly liked everything in between, wasn't that fond of Dinosaur, but I did like it and it had some amazing animation done.

The only reason Lion King holds the top 2D spot is because it was released twice in the same year. Why? I have no clue...I just know that I saw it the week it came out and then a huge resurgence (sp?) took place that following September and that's when it made it's money. I don't want to dangle Shrek (because I dispise those movies), but it does hold the overall highest grossing cartoon of all time, 2D or 3D doesn't really matter...they are both cartoons, they are both animated, anyone who knows animation will tell you, it's not how it was made...it's the story.

I wished and hoped that Shrek wouldn't overtake Lion King, but it never slowed down when it got close. I honestly believe that the upcoming Shrek will overtake it's predecessor.
 
Woody13

Woody13

New Member
ThreeCircles said:
The value of the deal was $7.4 - $1 billion in cash Pixar has on hand for a net value of $6.4 billion.

If you buy a wallet for $20 but inside that wallet is $10... Iger spoke of this at the conference call when the purchase was announced in January.
Click to expand...
You forgot something. Disney "bought" Pixar with Disney stock, not cash. Only 12% (rounded up) of Disney stock was used to buy Pixar. Jobs now owns 6% of Disney. :lol:
 
ThreeCircles

ThreeCircles

Member
That doesn't impact the value of the deal. Be it cash or stock, the fact that Pixar has $1 billion in cash lowers the net value of the deal by $1 billion dollars.

As I mentioned, both Iger and Staggs specifically spoke of this during the initial Disney conference call announcing the purchase of Pixar.
 
Woody13

Woody13

New Member
ThreeCircles said:
That doesn't impact the value of the deal. Be it cash or stock, the fact that Pixar has $1 billion in cash lowers the net value of the deal by $1 billion dollars.

As I mentioned, both Iger and Staggs specifically spoke of this during the initial Disney conference call announcing the purchase of Pixar.
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All true. The question is, who wants Disney stock? Among the Dow 30, Disney is not a great company. It ranks with GM and Coke. It's not strong like Wal-Mart, Microsoft, Merck, etc.

If Microsoft (for example) bought Pixar with 7.4 billion in stock, I would call Bill Gates crazy. That would have been a very bad deal. However, Disney unloading 7.4 billion in stock to buy Pixar is a great deal for Disney! Iger did the right thing and got a lot of value for that stock IMO.

I was very surprized that Steve Jobs agreed to such a deal. :wave:
 
C

clarksfan95

Member
I think Steve got a great deal. I was thinking about him the other day and the things in his lifetime that he's managed to do and it's amazing.

He creates the Apple Computer, a couple years later he develops a "Windows" type application (a worker leaves and takes the idea with him to become extremely successful in the rest of the PC world), Apple gets taken over and Jobs is fired from the company he founded, Jobs and Lasseter somehow meet up and buy a fledging computer animation department from George Lucas, a few years later..Jobs has managed to purchase enough stock in Apple to basically rehire himself..he fires the man who took control the first time and who also was the person to fire Jobs from his own company. He reintroduces the Apple as the IMac, Pixar takes off, IPod, he fights with one of the largest entertainment companies in the world and is willing to walk away and now is sitting on the Board of that same company and to top it off, he manages to get John Lasseter and Ed Catmull complete creative control over the animation division that made Disney what it is today.

Brillance.

If it wasn't for Pixar pushing Disney to try and create better animation, I'm not sure if Disney Feature Animation would still exist. There was plenty of talk of shutting the division down for a while and maybe restarting it later down the road. I couldn't believe that they were willing to give up on the lifeblood of their own company, believing that the themeparks were what made this company successful.

Pixars takeover of Disney is the best thing that could've ever happened to Disney. (I call it a Pixar takeover considering who is now in control....)
 
ThreeCircles

ThreeCircles

Member
clarksfan95 said:
Pixars takeover of Disney is the best thing that could've ever happened to Disney. (I call it a Pixar takeover considering who is now in control....)
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It appears we have just left Main Street, U.S.A. and entered Fantasyland, folks! :lol:


Disney swallowed Pixar as only a mega-corporation could do. Yes, they did WAY overpay, but, alas, I guess that was the decision of Iger and the Disney BOD.

As far as Jobes being an asset to TWDC... Um, doubt it. All indications point to the fact that he wasn't very involved with Pixar (by his own design) so why would he want to be involved at Disney? Articles have already appeared to reveal the false rumors that he may be eyeing the CEO chair at Disney and others point to the fact that he's much more interested in Silicon Valley than Hollywood.

My guess is Jobs won't hold onto his Disney stock all that long. Oh, and the Pixar name won't be around in 10 years either. :lol:
 
C

clarksfan95

Member
The Pixar name actually will continue to be around...that's the other part of the deal, any films made by them, even through Disney still retain the Pixar name. They aren't even changing the name of the company...

I've heard rumors of Jobs eyeing the CEO, but they've only been rumors and I've never taken them as anything more than that. I don't think that he would actually want to control Disney and I don't think he's ever said that he wanted to. He does more control than most and John Lasseter has the best control that the company can offer. All theme park attractions and animated films go through him...nothing continues if he doesn't like it. It's almost like a homecoming for him...he use to share a room with Glen Keane in the late 70's and early 80's when they were both fledgling animators. Then Tron came along and John found a new calling in computer graphics.

You seem to be against Pixar and a Disney supporter without waiver....why is that? I only paritally understand, as I use to be that way. Is it because Pixar makes better cartoons than Disney does and beat them at their own game?

Pixar became what Disney used to be considered. They adopted very early Disney animation practices and they don't screw with the stories if it happens to make them laugh. All the stories coming out of Disney are quite the opposite, the execs made the final decision and that was that. Even if the film was loved by the entire crew, if the execs didn't like it....tough. One example of that is a cartoon that John Pomeroy had started development on. The crew thought it was funny and witty and the execs told him that they weren't doing anything with it because it was "stupid". He left Disney after 20 some odd years and started his own studio in Pasedena and continued to work on this film until a couple months ago when the Disney/Pixar engagement was announced. Lasseter had seen the story reel that John had made and invited him back...the movie will now be released by Disney.

The past so many years for Disney have just been turmoil, especially in the animation department. A lot of the development guys who've been around for years have quit because they constantly had their hands tied. Disney called in old timers to work on the story for Toy Story 3 and Joe Ranft (who is an old timer) called them all and asked them to decline the offer, they all did.

I think if Disney Animation (I'm really only ever concerned about them) can get back to how it used to be done, how Pixar does it today, then everything will be alright and in a few years, people will saying that what Disney paid wasn't near enough.
 
ThreeCircles

ThreeCircles

Member
clarksfan95 said:
The Pixar name actually will continue to be around...that's the other part of the deal, any films made by them, even through Disney still retain the Pixar name. They aren't even changing the name of the company...
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As I said, in ten years or so the Pixar brand will be gone...

And, I'd really suggest you listen to the conference call pertaining to the Disney purchase of Pixar. NOTHING stops with Lasseter. As Staggs said, in all decisions relating to any branch of the Disney Company, "the buck stops with Iger." And that's a direct quote.

If Iger doesn't approve, eh, it ain't happening.
 
GrimGhost

GrimGhost

Member
ThreeCircles said:
As I said, in ten years or so the Pixar brand will be gone...

And, I'd really suggest you listen to the conference call pertaining to the Disney purchase of Pixar. NOTHING stops with Lasseter. As Staggs said, in all decisions relating to any branch of the Disney Company, "the buck stops with Iger." And that's a direct quote.

If Iger doesn't approve, eh, it ain't happening.
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Agreed...Though he may be very diplomatic and a consensus builder. Iger is in complete control of this company. Jobs has even said it many times and in many ways -- "Bob is the best man to run Disney" . Its also what convinced Lassetter it was a good idea. I also agree with both of them.
 
C

clarksfan95

Member
Pixar will be around in ten years. All movies that are released from Disney that Pixar works on at their studio will bear the name Pixar. They aren't changing their name. Much like PDI, who was bought out by Dreamworks a couple years back still retains it's name and it's logo on all Dreamworks cartoons that they work on.

Iger has final say on the company in general, he's not directly involved with what occurs in the feature animation department. The last Disney CEO who was involved directly was Walt. Iger has so much more to deal with and just because he works for Disney does not make him creative, that is why Lasseter is in charge of the animation and imagineering departments now. He's creative. The CEO doesn't see an animated feature until it's first actual work-print showing to the heads of Disney and at that point, it's why past the time when it can be changed. Other feature animation execs will see it, but the CEO is just briefed on what is happening and how things are going. He is informed of any major decisions that might cause the feature to be pushed back, even if it's only a week or two.

Make no mistake tho', Pixars name isn't going anywhere. They built a reputation that was strong enough to save the name when the two companies merged.
 
ThreeCircles

ThreeCircles

Member
clarksfan95 said:
Make no mistake tho', Pixars name isn't going anywhere. They built a reputation that was strong enough to save the name when the two companies merged.
Click to expand...

Yes, it will. Five movies isn't a reputation, it's a blink in the entertainment business. :lol: It won't happen quickly but it will slowly devolve back into the DFA name. Ten years from now, when Pixar has made it's fare share of flops (and successful) movies, and DFA is doing the same, the financial people are going to come to the same conclusion: No need to duplicate services and processes. Waste of money. The Disney name isn't going but my guess is that the Pixar name will. :wave:

At any rate, guess we won't know for ten years or so.
 

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