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http://moneycentral.msn.com/content/CNBCTV/Articles/Dispatches/P73346.asp
This is great news. I can't wait to see Pixar take off without the Disney ball and chain. Ever since Eisner took over, Disney's suffered.
Shares of Walt Disney (DIS, news, msgs) were hammered in after-market trading after Pixar Animation Studios (PIXR, news, msgs) said it was ending negotiations with Disney to extend the companies' five-picture deal for Disney to distribute Pixar films.
....
"After ten months of trying to strike a deal with Disney, we're moving on," Pixar CEO Steve Jobs said in a press release. "We've had a great run together -- one of the most successful in Hollywood history -- and it's a shame that Disney won't be participating in Pixar's future successes."
Disney said the cost of a new deal was way too high.
To date, Pixar's five films have earned more than $2.5 billion at the worldwide box office and sold over 150 million DVDs and videos.
This is great news. I can't wait to see Pixar take off without the Disney ball and chain. Ever since Eisner took over, Disney's suffered.