Talks between Pixar Animation Studios and The Walt Disney Company to extend their partnership failed today in what must be a real bummer for Disney stockholders, and yet another glaring indication that Disney CEO Michael Eisner is mismanaging the company into the ground. Pixar Animation Studios are the guys responsible for such computer-generated animation blockbusters as Toy Story, Toy Story 2, A Bug’s Life, Monsters Inc, and Finding Nemo (the number one animated film of all time). Pixar’s five films combined collected a sweet $2.5 billion in box office sales with a staggering 150 million DVDs/videos sold.
Pixar is currently working on 2 films it owes Disney in their contract. but is also working on other films such as the highly anticipated Toy Story 3.
Disney, who just closed their Orlando, Florida animation studio is not currently working on any traditionally animated films. They plan to bring a few in-house computer-animated films to the screen in 2005 and 2006 and also announced plans to make a third Toy Story movie without Pixar.
It seems to be that Disney, who long held the monopoly on animated feature films, is about to become taken by force, as Pixar, DreamWorks, Blue Sky Studios and Warner Bros. are about to declare Disney “the weakest link.”
Yahoo! News: Pixar, Disney Partnership Talks Collapse
CNNmoney: Pixar dumps Disney
(Thanks to CTH for the heads up. edit: and for clearing up who is making Toy Story 3. For some reason I saw “the company” in the article and thought Pixar. Of course Disney will retain all rights to Toy Story. )