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The five films produced under the partnership have grossed more than $2 Warner Bros Pixar, which co-produced last year's top-box office draw, "Finding Nemo," has long chafed under its contract with Disney, which retains the right to make sequels to movies such as "Toy Story" and "Monsters Inc "Although we would have enjoyed continuing our successful collaboration under mutually acceptable terms, Pixar understandably has chosen to go its own way to grow as an independent company," Eisner said "The risk is all theirs now," said Peter Mirsky, a financial analyst with Oppenheimer & Co 20 in regular trading Disney also retains the right to Pixar characters and can make unlimited theatrical or direct-to-video sequels, including a long-expected "Toy Story 3 Disney chief financial officer Thomas Staggs said the company rejected Pixar's "final offer" because it would have cost Disney hundreds of millions of dollars it is entitled to under the existing agreement "while not providing sufficient incremental returns on new collaborations to justify the changes to the existing deal " Disney has struggled in recent years to turn a profit on such animated flops as "Treasure Planet " The studio will now face more pressure to produce hits and Fox " People familiar with the talks said Pixar was seeking a new deal that would pay Disney a flat distribution fee and include the two films left under its current arrangement as well as new films "We'd love to be in business with them," Warner Bros "We've had a great run together â€â€? one of the most successful in Hollywood history â€â€? and it's a shame that Disney won't be participating in Pixar's future successes 20, or 4 "We have had a fantastic partnership with Pixar and wish Steve Jobs and the wonderfully creative team there, led by John Lasseter, much success in the future," Disney chief executive Michael Eisner said in a statement Thursday 45, fell $1 Last August, Jobs said Pixar had talked briefly with rival studios such as Warner Bros " Pixar still has two movies to deliver under its current deal, including "The Incredibles," due in theaters in November, and "Cars," which will be released next year Pixar shares rose 80 cents in after-hours trading on the Nasdaq Stock Market after gaining $1 On Thursday, Disney said it will release its first in-house computer-animated film, "Chicken Little," in 2005 "After 10 months of trying to strike a deal with Disney, we're moving on," Jobs said in a statement It also said it has other computer-animated films in productions with partners and on its own " For Pixar, the break from Disney will allow it to keep more profit from future films while increasing the risks should those movies underperform and taking its lucrative track record of animated blockbusters to another studio that will allow it to retain ownership of future movies, Pixar chief Steve Jobs said Thursday "They wanted it, they got it 9 percent, in after-hours trading on the New York Stock Exchange spokeswoman Barbara Brogliatti said Thursday He said Pixar would remain in exclusive talks with Disney until those talks failed 5 billion at the box office said the studio had two informal meetings with Pixar last year, but no serious negotiations took place "We have time "We have talked to many of these studios and we know we can get the deal we want," Jobs said last August Analysts said the end of the Disney-Pixar relationship will have mixed results for both companies Pixar Ends Talks With Disney Jan 29, 7:38 PM EST Pixar Animation Studios is ending its relationship with The Walt Disney Co Shares of Disney, which had risen 78 cents, or 3 percent, to close at $24 Disney has kept varying amounts of the profits and will pocket 60 percent from the final two films covered by the existing agreement " Disney said in the past it was willing to make a new deal with Pixar that makes financial sense and had expressed optimism about ongoing talks " The companies share box office receipts and licensing revenues under the current arrangement Plus, they've added a competitor in Disney The right deal is more important than a quick deal "It increases the creative pressure on Disney," Mirsky said 05 to close at $64 The worksheet, among the most critical pieces of government evidence in the trial, is a summary of gains and losses in 36 stocks Martha Stewart owned in late 2001 at Merrill Lynch & Co Larry Stewart of the Secret Service said infrared and ultraviolet light tests had confirmed differences between the "(at)60" entry and other marks Stewart Witness Charged With Perjury May 21, 1:11 PM EST Federal authorities Friday charged a government witness from the Martha Stewart trial with perjury, accusing him of giving false testimony Under cross-examination, the ink expert had testified it was impossible to tell how many pens had been used to mark on the document The government said it had uncovered eight separate false statements made by Larry Stewart on the stand Stewart, a national ink expert who works at the Secret Service Among the alleged false statements by Larry Stewart was that he took part in an August 2002 examination of the worksheet During the trial, Larry Stewart testified that a notation of "(at)60" on a worksheet that codefendant Peter Bacanovic used to track Stewart's portfolio had been made in a different ink than other marks on the sheet Larry Stewart is no relation to Martha Stewart Prosecutors said they had discovered two false statements made on the stand by Larry F "The '(at)60' entry is a different ink than the remaining entries on the document," the scientist said Bacanovic's team contends he simply used different pens in his work Martha Stewart was convicted March 5 of lying about why she sold 3,928 shares of ImClone Systems stock in 2001, just before the stock price plunged |
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