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Pixar Dropping Disney as Distributor
Updated from Jan. 29
The cloud of uncertainty hovering over Disney (DIS Quote) thickened Thursday afternoon as Pixar (PIXR Quote) closed the door on their distribution arrangement.
The companies shares went their separate ways Friday after Pixar, the movie-animation studio led by top Apple (AAPL Quote) exec Steve Jobs, ended talks over extending its collaboration with Burbank, Calif.-based Disney. Pixar said it will instead retain full ownership of movies made after 2005. On Friday, Pixar surged $3.58, or 5.6%, to $67.78, while Disney sagged 60 cents to $23.85. ...
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