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But the key challenge for Disney will be to fill the creative vacuum left by the loss of Pixar writers and animators such as Lasseter, Andrew Stanton, the director of "Finding Nemo," and Lee Unkrich, co-director of "Monsters Inc " 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 "It's like Walt in a way Shares of Disney fell 45 cents, or 1 " If Disney had agreed to Pixar's terms, it would have forfeited million of dollars in profits it is entitled to under the current deal Disney's theme parks, which contribute the bulk of the company's revenues, also have been recovering from several years of lower attendance Disney has severely cut back its own feature animation department and has stumbled in recent years with box-office disappointments such as "Treasure Planet 39 on the Nasdaq Stock Market 8 percent, to close at $24 Friday on the New York Stock Exchange, while shares of Pixar rose $2 Disney Ponders Future After Pixar Jan 30, 5:40 PM EST Last summer, Walt Disney Co " Strong box office returns in that area could reduce the company's reliance on Pixar profits Analysts were split over the consequences of the breakup Disney's studio division contributed 19 percent of the company's overall operating income in 2003 Disney also would have had to relinquish potentially lucrative copyrights to existing films such as "Toy Story" and "Finding Nemo He has that quirky sense of humor and understanding Pixar's films gained exposure on the ABC Television network, Disney's many cable channels and in Disney's theme parks " and several other Pixar films Some analysts have speculated that Thursday's announcement by Pixar chief Steve Jobs is a negotiating ploy "There is a group of kids graduating today from CalArts or from UCLA or USC that are bigger, better, faster, smarter than the current group," Cook said Disney has said it will release its first-ever computer-animated film, "Chicken Little," in 2005 and has several other computer and hand-drawn animated films in the works " Earlier this month, the company announced it would close its Orlando, Fla "What Pixar has that we don't have is John Lasseter," Eisner said during an investment conference On Friday, the bond rating agency Fitch Ratings reinforced its negative outlook on Disney's bonds because of the uncertainty surrounding the company's ability to compete with Pixar in two years chief executive Michael Eisner paid Pixar Animation Studios creative head John Lasseter the highest compliment for those involved in film animation â€â€? comparing him to Walt Disney Computer-generated characters will largely replace hand-drawn ones in Disney's restructured animation department Attracting that kind of talent, for us, is one of the great priorities What is less clear is whether the company will be as successful without Disney's vast marketing muscle behind it While Disney must now face Pixar as a competitor, it retains the rights to make video and theatrical sequels and TV shows to the movies covered by the current deal, Cohen wrote Pixar's goal is to produce one movie each year 4 percent, to $66 Other analysts said that while Disney retains the right to make sequels to Pixar films, it does not own the underlying technology and must recreate the millions of lines of computer code for each character Nevertheless, Cohen wrote Friday that Disney "acted prudently in the face of a lose-lose proposition "They have the ability to know what the masters have done before them, and they're better than they are But Jobs appeared to squash such suggestions last November, while discussing Pixar's third-quarter earnings with analysts More light will be shed on the company's plans next week when it releases its fourth quarter and full-year earnings One factor in Disney's favor may be that Disney's studio division has found increasing success with live-action films, such as "Pirates of the Caribbean: The Curse of the Black Pearl In a recent interview with The Associated Press, Disney studio chairman Dick Cook said attracting and nurturing creative animation talent is a priority , animation studio and cut more than 250 jobs John is unique During the past five years, Pixar contributed more than 50 percent of Disney's studio profits, according to Merrill Lynch analyst Jessica Reif Cohen Ten months of talks between Disney and Pixar collapsed Thursday after Disney rejected a deal that would have required it to earn substantially less from future Pixar releases " This week's announcement of the end of the wildly successful partnership between Disney and Pixar, which will run until 2005, gives Disney two years to nurture or hire its own version of Lasseter â€â€? himself a former Disney animator â€â€? to compete against future Pixar films 19, or 3 " Pixar is almost certain to make a more favorable deal with another studio "If we cannot strike a deal with Disney, then we can talk with the rest of these companies and they will know that we're not just talking to them to get a better deal with Disney, because we'll be finished with Disney," Jobs said Alexander to Star in New Sitcom Jul 20, 12:15 PM EST Jason Alexander isn't worried about whether his new CBS sitcom "Listen Up" will achieve the success of "Seinfeld " In fact, he says you can't compare the two "To compare it to anything else is truly apples and oranges 3 million people "I think there's an expectation from the critical community that whatever we do have that same immensity to it, to become a phenomena, and I don't know how any of us can possibly live up to that " Seinfeld aired on NBC for 8 years "What happened with that TV show is a once in a lifetime thing," he told AP Radio recently "Seinfeld wasn't a TV show, it was a phenomena," he said "Listen Up" stars Alexander as a sports talk show host and who struggles to get the respect and admiration from his family that he gets from his fans Co-stars Julia Louis-Dreyfus, who played Elaine, and Michael Richards, who played Kramer, have both starred in post-Seinfeld sitcoms that have failed I understand the comparison because they were both on TV screens, but that's about where the comparison would have to drop It is based on the writings of real-life sports commentator and columnist Tony Kornheiser, and debuts this fall Mondays at 8:30 p " Alexander, who played the hapless George Costanza on "Seinfeld," is aware of the pressure on him to star in a popular show, but he said it's nearly impossible to create the same type of buzz The 1998 finale was watched by 76 m EST |
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