Pixar purchased by Disney

Written by Jon on January 25, 2006 – 8:27 pm



Pixar Animation StudiosWe need to note the big Walt Disney Co. news, acquiring Pixar Animation Studios for some $7.4 billion dollars. This is a much bigger deal than just two media giants merging, this actually effects the fabric of life in America, and here’s why:

Steve Jobs, the genius behind Apple, the CEO of Pixar is now the largest single shareholder in Disney. He will bring his expertise in technology to the media giant. This will affect both the movies that Disney makes and its ABC Network, bring more rich media to all aspects of the company and to America. Soon you may wirelessly see a Pixar movie on your iPod, while getting your box scores on ESPN.

“Steve Jobs could be the 21st century Walt Disney, helping the media giant Disney founded to regain its lost lead in animated films.” Hinduston Times

Here’s the corporate merger press release about the merger if your curious about the facts.

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