Disney announced its acquisition of Pixar in January 2006, and completed it in May 2006. [4][5][6] Pixar is best known for its feature films, technologically powered by RenderMan, the company's own implementation of the industry. Disney owns dozens of brands, including movie studios like Pixar and Lucasfilm, the ESPN sports entertainment ecosystem, and the original characters that started the company included Mickey Mouse.
Disney owns Pixar, the computer animation studio behind "Toy Story" and "Cars", among other hits. Pixar was acquired by Disney in 2006 for $7.4 billion, along with other media and entertainment companies like 21st Century Fox and Marvel. Disney's acquisitions include The Muppets, Pixar, Marvel, Lucasfilm, and 20th Century Fox, giving them ownership of major franchises like Toy Story and Star Wars.
Discover how Disney's $7.4 billion acquisition of Pixar reshaped the animation industry, revitalized Disney, and set the stage for its media dominance. The Walt Disney Company has made great gains in entertainment in the last 100 years - in terms of its spellbinding storytelling techniques, the theme parks it runs on both ends of the U.S. and.
Disney Completes Pixar Acquisition Burbank, CA (May 5, 2006) - Advancing its strategy of developing outstanding creative content, Robert A. Iger, President and Chief Executive Officer of The Walt Disney Company (NYSE: DIS) announced today that Disney has completed its acquisition of renowned computer animation leader Pixar. Pixar Animation Studios is an American computer animation film studio based in Emeryville, California, and is part of the The Walt Disney Studios.
To date, the studio has earned 27 Academy Awards, eight Golden Globes, and three Grammys, along with many other awards and acknowledgements. It is best known for its revolutionary CGI-animated feature films created with PhotoRealistic RenderMan, its. The two sides have held long-running talks about renegotiating an agreement under which Disney distributes Pixar's works.
That deal was set to expire in June with the release of Cars. Bob Iger says the acquisition of Pixar is his 'proudest decision' because it led to the revitalization of Disney animation and the Marvel and Lucasfilm deals.