Pixar Splits From Disney
PIXAR chief executive STEVE JOBS says the company has decided to end its distribution deal with Disney, after its request for a greater percentage of the profits was declined.
The move ends one of the most lucrative partnerships in movie history, raking in over $2.5 billion at the box office.
Jobs says, "After 10 months of trying to strike a deal with Disney, we're moving on.
"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 boss MICHAEL EISNER says, "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."
Pixar and Disney will complete two films already in production: THE INCREDIBLES, set for a release this year (04), and CARS, due out in 2005.30/01/2004 16:58