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Pixar earnings triple on strong DVD sales - Mercury News 05/05/05

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  • Pixar earnings triple on strong DVD sales - Mercury News 05/05/05

    Article from San Jose Mercury News - May 5, 2005
    Pixar earnings triple on strong DVD sales

    LOS ANGELES - Pixar Animation Studios more than tripled its earnings in the first quarter on strong DVD sales of its Oscar-winning film "The Incredibles," the company said Thursday.

    Meanwhile, in a call with analysts to discuss the results, Pixar Chief Executive Steve Jobs said he has had several conversations with Robert Iger, CEO-elect of The Walt Disney Co.

    "He seems like a terrific guy," Jobs said. "As Bob assumes control of the company, we'll probably figure out fairly quickly whether there's some common ground or not."
    Iger has said he would be interested in reopening contract talks with Pixar after he takes over for Eisner in September.

    Jobs said he has had several "nice" conversations with Iger, but no negotiations involving a new distribution deal have been conducted. Jobs would like to have a distribution deal in place with a major studio by the end of the year. He said Pixar had nearly $900 million in cash at the end of the first quarter, enough to finance and market its own films, if necessary.

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