Pixar's Fantasyland

The smoke is clearing. The frenzied rumors and handwringing over the idea of Disney (DIS Quote) buying Pixar (PIXR Quote) have given way to the reality of it all. The analysts have filed their reports and the investors have adjusted their positions, and all of it leads us to an overwhelming question:

Why did you do it, Pixar?

Somewhere between the releases Toy Story 2 and Finding Nemo, it became clear as day that Pixar had precipitated one of the biggest role reversals in the history of the entertainment industry: It dethroned Disney, the unchallenged dream factory for the Baby Boom generation. ...