This just in: Whoa, the Walt Disney Co. has agreed to buy Pixar Animation Studios Inc. for around $7.4B in an all-stock deal. Pixar Chairman and CEO Steve Jobs will take a seat on Disney's board and become the company's largest shareholder.
It wasn't long ago that the Disney/Pixar distribution partnership was on the ropes, but evidently Jobs and Disney CEO Bob Iger have mended their "Desperate Housewives" white picket fences and decided it was time to partner up for good.
Disney released this statement, in which Steve Jobs indicated that "Disney and Pixar can now collaborate without the barriers that come from two different companies with two different sets of shareholders." Instead, he said, "...Everyone can focus on what is most important, creating innovative stories, characters and films that delight millions of people around the world."
It's always good to see corporate protagonists kiss and make up, particularly those with such innovative and creative teams as Pixar and Disney have had in past episodes. But it does make me wonder if the traditionally analogue fabric of Disney and the digital DNA of Pixar can meld seamlessly into a movie that has a singular vision and a consistent and compelling story arc.
The key question is this: Will the merger result in Iger and Jobs partnering to become "The Incredibles," or will they instead just end up getting "Lost"???
I'm betting that it's the former, but then again, I've always been a "Chicken Little." ; )