How did Disney buy Pixar?
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The Walt Disney Company’s long history of success with animated films entered a new era with its acquisition of Pixar Animation Studios in 2006.
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After more than a decade of collaboration on hit franchises such as “Toy Story” and “Finding Nemo,” Disney purchased Pixar for $7.4 billion. The all-stock deal established Apple founder Steve Jobs, who was Pixar’s CEO and majority shareholder, as Disney’s largest individual shareholder at the time.
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"Disney and Pixar can now collaborate without the barriers that come from two different companies with two different sets of shareholders," Jobs said in a statement at the time. "Now, everyone can focus on what is most important, creating innovative stories, characters and films that delight millions of people around the world."
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The transaction solidified Disney’s status as a worldwide leader in animated films. Pixar movies have traditionally ranked among Disney’s top-earning properties.
The studio has earned a total of 20 Academy Awards in its history. Several Pixar films, including “The Incredibles 2,” “Toy Story 4” and “Finding Dory” have grossed more than $1 billion at the global box office.
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Pixar has four unnamed movie projects on its current roadmap. The animation studio will release one film in 2021, two films in 2022 and another film in 2023.
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