View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
January 24, 2006

Disney buys Pixar in $7.4 billion deal

Confirming the rumors that have recently been circulating over a Disney/Pixar merger, The Walt Disney Company has confirmed having signed a $7.4 billion agreement to acquire the computer animation company.

By CBR Staff Writer

With an impressive 20 Academy Awards under its belt, Pixar’s creative team and global box office success have made it a leader in family entertainment in recent years. The studio is responsible for box office hits such as Toy Story – the first fully computer-animated feature film, Monsters Inc and Finding Nemo, and has also designed logos for IBM and Paramount, among other things.

Not unexpectedly, the merger, which is expected to be completed by summer 2006, secures a place for Pixar’s chief executive and head of Apple, Steve Jobs, on Disney’s board of directors, making him its largest individual shareholder.

Disney chief executive Robert Iger said, The addition of Pixar significantly enhances Disney animation, which is a critical creative engine for driving growth across our businesses.

Far from being shy of new technology, Disney said it would look to capitalize on Pixar-created characters and franchises on high-growth digital platforms such as video games, broadband and wireless, as well as traditional media outlets, including theme parks, consumer products and live stage plays.

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.