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Breaking: Deal final, Disney Buys Pixar

Just came across the wire on Yahoo. Disney purchases Pixar for $7.4 billion. Here’s the good news, John Lasseter will report to directly Bob Iger and work as Chief Creative Officer for Animation and Principal Creative Advisor for Imagineering. Current Pixar President Ed Catmull will move over to run WDFA as well. Pixar will remain located in Emeryville.

There will be an investor conference call at 5:15 that will be webcast at To listen to the
Webcast, turn your browser to www.disney.com/investors/presentations
or http://corporate.pixar.com.

Fallout to follow.

Here’s the whole press release (see below)

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Disney Board Gives Go Ahead, source says

Reuters is reporting that The Walt Disney Company Board of Directors has approved the deal that would buy Pixar in a stock swap worth over $7 billion. The Pixar Board is expected to meet today to discuss the terms. The AP is now reporting the same thing. If the rumors are true, this would make… Read More »Disney Board Gives Go Ahead, source says

News Roundup

A lot of news today. None of it the big news we’re all waiting for (hint: Dixar or Pisney, your choice). So here’s a quick roundup of some of the other news that has come across The Disney Blog wires. Walt Disney Company says ‘No Hard Feelings, Michael’ and names a building after departed CEO… Read More »News Roundup

New Monorail Concept Drawing

Update: Apparently this was a secret that wasn’t supposed to get out. The concept art and the info about the project has been removed from the company’s site. It’s been no secret that Disneyland is looking to upgrade their current Monorail fleet. They couldn’t get the original manufacturer to do the job, they were too… Read More »New Monorail Concept Drawing

Tales from the LaughingPlace; Issue 5. Disney Magazine

Tales from the Laughing Place issue number five is now available for pre-order. This amazing Disney focused magazine features coffee table book quality photography and insider exclusive access to all the varied facets that compose the Walt Disney Company. I’ve read every issue from cover to cover twice and have yet to be disappointed. If… Read More »Tales from the LaughingPlace; Issue 5. Disney Magazine

Another Disney Deal Nears Completion

In the midst of all this talk about purchasing Pixar, another major deal for Disney is about to wrap up. Disney’s ABC Radio unit has been on the market for sometime now and it looks like they finally got a buyer for it. $3 billion is the asking price for a package that includes a profitable network of stations, and, I believe, the Radio Disney unit.

Even though the rumored Pixar deal would be done as a stock swap, I’m sure it would be nice to have some extra cash hanging around. Disney sells a non core product and acquires a successful studio that is at the core of Disney’s product and brand.

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Whoa there. Sale not final yet!

The UK Telegraph has run an article that jumped the gun a little bit with their headline. Now Slashdot and BoingBoing are running with that story. The article claims the deal is done and the boards have approved it. Not quite true, negotiations may be over, that seems likely but is not official, and both… Read More »Whoa there. Sale not final yet!

The Animal Kingdom Debate

A new story in the Orlando Sentinel rehashes the debate over Disney’s Animal Kingdom. Is it a half-day park? Or with the addition of Expedition Everest, a 100+ million dollar roller coaster, will the park finally be seen as worthy of a full day of exploration? Personally, I’ve never thought of Animal Kingdom as a… Read More »The Animal Kingdom Debate