For those of you following the Disney-Pixar buyout, Steve Jobs will be on CNBC momentarily on CNBC and they plan to ask him how this buyout might effect Apple. I'll try and post a summary after the Q&A for those not at a TV.
I could not get a transcript of this, the broadcast had a few points where it broke off (between CNBC and Jobs/Iger) and the actual CNBC cable station also lost reception (although it may have been locally. )
Here are some highlights:
Jobs wouldn't discuss future products and announcements concerning Apple and Disney but hinted that the next 5 years would be very exciting.
Jobs said that Pixar bought into Bob Iger's plan and vision for Disney. Neither Iger or Jobs would say which company approached the other about the buyout first. Iger says that Steve will be a 'big voice' inside Disney. Called the relationship with Apple 'a great one' with 'tremendous potential'. Wants the Apple - Disney relationship to 'continue and grow'.
John Lasseter of Pixar is under contract until 2011 and was named Chief Creative Officer of the new combined Pixar/Disney Animation Studios.
Jobs expects that the Pixar brand will continue to be used in the same way it was used in previous Pixar-Disney projects. Iger did not disagree.
Overall, an interesting interview. One has to wonder if Iger will be able to maintain control with Jobs not only on the board, but also with Jobs as the #1 Stockholder of Disney. He was asked what he expects of Jobs and responded by saying he hopes to tap into his extensive knowledge, but I would not be surprised if Steve had a much larger role in Disney 6 months down the line.
I do not know about the rest of you but I remember Disney used to have shows/movies every Sunday, but I cannot recall the names so hopefully, Steve can get them digitized and into the iTMS.
Hang on. This "takeover" and "tapping Steve's extensive knowledge" are both fluff.
What this immediately does is allow Steve to focus more heavily into the new content distribution markets knowing he has a "5-year" relationship between Disney and Apple.
Lasseter will jetison in 2011 and start his own thing. He bailed out of Disney before for better ideals and he'll do it again.
Steve is "on-the-board" which is equivalent to Larry Ellison being on Apple's board.
Only difference is that Steve's stock stake makes him a loud voice.
It means Steve can stop spending as much time working with PIXAR and more time growing Apple which is what he truly wants to do most.
He'll make Disney improve and Ed Catmull will help tremendously, especially John being there for the next 5 years.
I wouldn't be surprised if after 5 years John gets hired away by Apple.
Following Disney's announcement that it will acquire Pixar in an all-stock transaction worth $7.4B, both Pixar CEO Steve Jobs and Disney CEO Bob Iger partook in a brief interview on CNBC before arriving fashionably late to their conference call with analysts and the media.
Some notes of interest from both sessions are provided below:
Bob Iger was the first person Steve Jobs called when Apple decided it was going to market with a video-capable iPod. Jobs would not comment on any new products or potential partnerships with Disney, but said: "It's gonna be a pretty exciting next five years."
"I fully hope that the relationships between the companies will continue because its been so good," Iger said of Disney's recent collaboration with Apple and its iTunes distribution service.
Jobs and Iger began talking almost immediately after Iger was appointed the new CEO of Disney, but their initial chats were not over a buyout. "Steve and I talked most about the relationship the companies have had," said Iger, refusing to go into any further detail. "How we got here isn't that material."
Jobs said that Pixar has bought into Bob Iger's vision of Disney, and not Disney taking up Pixar's (or Apple's) visions. The big story "is Pixar buying into Bob Iger's vision of where Disney is going," said Jobs. "He understands the importance of animation. We are really buying into Bob's vision, and not the other way around."
Even with the buyout, Disney films produced by Pixar's animation studios and staff will continued to be marketed under the dual "Disney Pixar" brand. "It would be foolish to throw any of [the successful brand] away," the company said.
"I think Steve will be a big voice in many respects, and I think that's a good thing," Iger said of Jobs' new roll at Disney.
Beyond anything else, Disney's primary focus is on the importance of great content. "Nothing has created as much value as great animation," Iger said.
Iger feels more optimistic about the future of Disney now with Pixar onboard.
"As we approach the end of our relationship with Disney and looked at our future... we saw a fork in the road," said Jobs. On one side, he said Pixar could have formed a Lucas Films-like distribution deal with the entertainment conglomerate. The alternative -- and ultimately path Pixar chose -- was to join Disney. "We came to conclusion that this is the most exciting path for Pixar's future," Jobs said.
Disney plans to focus on taking Pixar's "great intellectual property" and leveraging it across Disney's theme parks, products, and services. Specifically, this means integrating Pixar's characters and creations into Disney's theme parks and merchandizing.
Asked whether it can capitalize on emerging distribution opportunities -- such as Apple's iTunes and iPod -- Disney executives were hesitant to comment, saying the goal, above all else, is to make great animation films. "The rest takes care of itself," the company said. However, Disney conceded that is open to whatever technology or means will get its products to people "on a well-timed, well-priced basis."
"You may watch your favorite live action film three, four, or five times in your life," said Jobs. "But for a great animation film, your kids may watch it a dozen or a hundred times." He believes the opportunity to view these movies on other devices will eventually play an important roll and expects strong demand from family members to watch certain films from many places on many devices.
Jobs said Pixar has been holding back from announcing its next slate of feature animation films and is now is discussing when to make the official announcements. "Nothing has been decided yet," he said.
On the topic of sequels, where Pixar and Disney have at times had opposing views, Disney said it's important that any sequel be worked on by some creative personnel that took part in the creation of the original film. "We see sequels as first class citizes, not second," added Jobs. "They can be just as great or better than the original."
While there will always be risks associated with large acquisitions, Iger said Pixar's unrivaled track-record speaks for itself. As long as Disney can protect Pixar's track-record, the combined company will do fine, he said.
Iger recently saw Pixar next feature animated film titled "Cars," and said it is one of the best films he'd ever seen "I can't wait for the rest of the world to see it," he said. Disney and Pixar plan an exclusive preview of the film in Detroit before the SuperBowl next month. The movie is set to open in theaters this June.
"You may watch your favorite live action film three, four, or five times in your life," said Jobs. "But for a great animation film, your kids may watch it a dozen or a hundred times."
This is the (unspoken) crux for Apple.
I've always felt that for that reason, animation movies strangely are the kind of movies you want to own.
And Muppet Shows. Next should be The Jim Henson company.
Lasseter will jetison in 2011 and start his own thing. He bailed out of Disney before for better ideals and he'll do it again.
It was a WAY different time and situation for him then too.
Quote:
Originally posted by mdriftmeyer
Steve is "on-the-board" which is equivalent to Larry Ellison being on Apple's board.
Ummm...no.
Quote:
Originally posted by mdriftmeyer
I wouldn't be surprised if after 5 years John gets hired away by Apple.
I would be. For what? Why? Apple doesn't do anything that would likely interest John Lasseter. People link the interests of Pixar and Apple WAY too much merely because they have a single link (the CEO and owner). Steve has been running two different businesses. Yes there have been (and likely will continue to be) some deals...but these are nothing more that the results that come from the CEOs of two different companies play golf or tennis together.
Bob Iger was the first person Steve Jobs called when Apple decided it was going to market with a video-capable iPod. Jobs would not comment on any new products or potential partnerships with Disney, but said: "It's gonna be a pretty exciting next five years."
Wow, will Jobs affect Disney's PR machine and mold it to be more like Apple's? Will he start the "Super Secret Disney Rumors" podcast? Will we see a DisneyInsider.com website soon?
I would be. For what? Why? Apple doesn't do anything that would likely interest John Lasseter. People link the interests of Pixar and Apple WAY too much merely because they have a single link (the CEO and owner). Steve has been running two different businesses. Yes there have been (and likely will continue to be) some deals...but these are nothing more that the results that come from the CEOs of two different companies play golf or tennis together.
Absolutely. There potentially are very many more common grounds between Disney and Apple. I see this as very positive for both Disney and Apple, especially now that it seems that Pixar has apparently maintained a lot of creative control.
This is extremely good news to me; I can't wait to work for this new venture. I'm hoping to do animation at either Disney or Pixar.
Iger is a much better man than Eisner strategy wise. He does in fact have a good plan for Disney...Lord knows Disney needs it! Hopefully now they'll have better, fresher 2D films and will get out of this disgusting rut of crapping out numerous "sequels" to their past successful films.
It seems as though Iger knows that Disney's animation the last 10 years or so has really sucked. Knowing that Pixar's content has been awesome, it seemed right that he bring the golden geese of Pixar over to head Disney's animations. I think we'll see a lot better stuff coming out of Disney in the future.
What I'm concerned about is the corporate culture of Disney. Hopefully Jobs and his Pixar people can soften that and help Disney return to the great company that it used to be under Walt. As Woody would say, "Somebody poisoned the waterhole!"
I'm just hoping that Brad Bird gets to do another classically animated feature film. How come no one has mentioned Brad Bird in this aquisition? I want Ray Gunn.
Could someone please record the frikkin' thing from MSNBC? Somebodies gotta have a PC out there that could do it. Gawd... how many people read about this stuff yet no one will host a quicktime video of it so all us mac heads locked out of MSNBC can actually veiw the interveiw?
This is extremely good news to me; I can't wait to work for this new venture. I'm hoping to do animation at either Disney or Pixar.
Iger is a much better man than Eisner strategy wise. He does in fact have a good plan for Disney...Lord knows Disney needs it! Hopefully now they'll have better, fresher 2D films and will get out of this disgusting rut of crapping out numerous "sequels" to their past successful films.
You know they had a saying (and a t-shirt) over at the old Spumco... "Just sh*t it out"... And the shirt had a cutaway view of Ren traveling through Stimpy's digestive tract.
It was a WAY different time and situation for him then too.
Ummm...no.
I would be. For what? Why? Apple doesn't do anything that would likely interest John Lasseter. People link the interests of Pixar and Apple WAY too much merely because they have a single link (the CEO and owner). Steve has been running two different businesses. Yes there have been (and likely will continue to be) some deals...but these are nothing more that the results that come from the CEOs of two different companies play golf or tennis together.
Ummm...yes.
His voice in direction is more than Ellison but he is just a board member. Read the press position from Disney.
His voice in direction is more than Ellison but he is just a board member. Read the press position from Disney.
Ummm...no.
He is a board member with the largest single stake in the company. Way different than Ellison and Apple. You just don't ignore a guy that owns 6% of the company. Period.
Comments
Here are some highlights:
Jobs wouldn't discuss future products and announcements concerning Apple and Disney but hinted that the next 5 years would be very exciting.
Jobs said that Pixar bought into Bob Iger's plan and vision for Disney. Neither Iger or Jobs would say which company approached the other about the buyout first. Iger says that Steve will be a 'big voice' inside Disney. Called the relationship with Apple 'a great one' with 'tremendous potential'. Wants the Apple - Disney relationship to 'continue and grow'.
John Lasseter of Pixar is under contract until 2011 and was named Chief Creative Officer of the new combined Pixar/Disney Animation Studios.
Jobs expects that the Pixar brand will continue to be used in the same way it was used in previous Pixar-Disney projects. Iger did not disagree.
Overall, an interesting interview. One has to wonder if Iger will be able to maintain control with Jobs not only on the board, but also with Jobs as the #1 Stockholder of Disney. He was asked what he expects of Jobs and responded by saying he hopes to tap into his extensive knowledge, but I would not be surprised if Steve had a much larger role in Disney 6 months down the line.
Originally posted by Fran441
John Lasseter of Pixar is under contract until 2011 and was named Chief Creative Officer of the new combined Pixar/Disney Animation Studios.
Unbelievable. He did it again.
Pixar just took over Disney.
I LOVE IT!
What this immediately does is allow Steve to focus more heavily into the new content distribution markets knowing he has a "5-year" relationship between Disney and Apple.
Lasseter will jetison in 2011 and start his own thing. He bailed out of Disney before for better ideals and he'll do it again.
Steve is "on-the-board" which is equivalent to Larry Ellison being on Apple's board.
Only difference is that Steve's stock stake makes him a loud voice.
It means Steve can stop spending as much time working with PIXAR and more time growing Apple which is what he truly wants to do most.
He'll make Disney improve and Ed Catmull will help tremendously, especially John being there for the next 5 years.
I wouldn't be surprised if after 5 years John gets hired away by Apple.
Some notes of interest from both sessions are provided below:
Bob Iger was the first person Steve Jobs called when Apple decided it was going to market with a video-capable iPod. Jobs would not comment on any new products or potential partnerships with Disney, but said: "It's gonna be a pretty exciting next five years."
"I fully hope that the relationships between the companies will continue because its been so good," Iger said of Disney's recent collaboration with Apple and its iTunes distribution service.
Jobs and Iger began talking almost immediately after Iger was appointed the new CEO of Disney, but their initial chats were not over a buyout. "Steve and I talked most about the relationship the companies have had," said Iger, refusing to go into any further detail. "How we got here isn't that material."
Jobs said that Pixar has bought into Bob Iger's vision of Disney, and not Disney taking up Pixar's (or Apple's) visions. The big story "is Pixar buying into Bob Iger's vision of where Disney is going," said Jobs. "He understands the importance of animation. We are really buying into Bob's vision, and not the other way around."
Even with the buyout, Disney films produced by Pixar's animation studios and staff will continued to be marketed under the dual "Disney Pixar" brand. "It would be foolish to throw any of [the successful brand] away," the company said.
"I think Steve will be a big voice in many respects, and I think that's a good thing," Iger said of Jobs' new roll at Disney.
Beyond anything else, Disney's primary focus is on the importance of great content. "Nothing has created as much value as great animation," Iger said.
Iger feels more optimistic about the future of Disney now with Pixar onboard.
"As we approach the end of our relationship with Disney and looked at our future... we saw a fork in the road," said Jobs. On one side, he said Pixar could have formed a Lucas Films-like distribution deal with the entertainment conglomerate. The alternative -- and ultimately path Pixar chose -- was to join Disney. "We came to conclusion that this is the most exciting path for Pixar's future," Jobs said.
Disney plans to focus on taking Pixar's "great intellectual property" and leveraging it across Disney's theme parks, products, and services. Specifically, this means integrating Pixar's characters and creations into Disney's theme parks and merchandizing.
Asked whether it can capitalize on emerging distribution opportunities -- such as Apple's iTunes and iPod -- Disney executives were hesitant to comment, saying the goal, above all else, is to make great animation films. "The rest takes care of itself," the company said. However, Disney conceded that is open to whatever technology or means will get its products to people "on a well-timed, well-priced basis."
"You may watch your favorite live action film three, four, or five times in your life," said Jobs. "But for a great animation film, your kids may watch it a dozen or a hundred times." He believes the opportunity to view these movies on other devices will eventually play an important roll and expects strong demand from family members to watch certain films from many places on many devices.
Jobs said Pixar has been holding back from announcing its next slate of feature animation films and is now is discussing when to make the official announcements. "Nothing has been decided yet," he said.
On the topic of sequels, where Pixar and Disney have at times had opposing views, Disney said it's important that any sequel be worked on by some creative personnel that took part in the creation of the original film. "We see sequels as first class citizes, not second," added Jobs. "They can be just as great or better than the original."
While there will always be risks associated with large acquisitions, Iger said Pixar's unrivaled track-record speaks for itself. As long as Disney can protect Pixar's track-record, the combined company will do fine, he said.
Iger recently saw Pixar next feature animated film titled "Cars," and said it is one of the best films he'd ever seen "I can't wait for the rest of the world to see it," he said. Disney and Pixar plan an exclusive preview of the film in Detroit before the SuperBowl next month. The movie is set to open in theaters this June.
This is the (unspoken) crux for Apple.
I've always felt that for that reason, animation movies strangely are the kind of movies you want to own.
And Muppet Shows. Next should be The Jim Henson company.
Originally posted by mdriftmeyer
Lasseter will jetison in 2011 and start his own thing. He bailed out of Disney before for better ideals and he'll do it again.
It was a WAY different time and situation for him then too.
Originally posted by mdriftmeyer
Steve is "on-the-board" which is equivalent to Larry Ellison being on Apple's board.
Ummm...no.
Originally posted by mdriftmeyer
I wouldn't be surprised if after 5 years John gets hired away by Apple.
I would be. For what? Why? Apple doesn't do anything that would likely interest John Lasseter. People link the interests of Pixar and Apple WAY too much merely because they have a single link (the CEO and owner). Steve has been running two different businesses. Yes there have been (and likely will continue to be) some deals...but these are nothing more that the results that come from the CEOs of two different companies play golf or tennis together.
Originally posted by Kasper
Bob Iger was the first person Steve Jobs called when Apple decided it was going to market with a video-capable iPod. Jobs would not comment on any new products or potential partnerships with Disney, but said: "It's gonna be a pretty exciting next five years."
Wow, will Jobs affect Disney's PR machine and mold it to be more like Apple's? Will he start the "Super Secret Disney Rumors" podcast?
Originally posted by Chris Cuilla
I would be. For what? Why? Apple doesn't do anything that would likely interest John Lasseter. People link the interests of Pixar and Apple WAY too much merely because they have a single link (the CEO and owner). Steve has been running two different businesses. Yes there have been (and likely will continue to be) some deals...but these are nothing more that the results that come from the CEOs of two different companies play golf or tennis together.
Absolutely. There potentially are very many more common grounds between Disney and Apple. I see this as very positive for both Disney and Apple, especially now that it seems that Pixar has apparently maintained a lot of creative control.
Iger is a much better man than Eisner strategy wise. He does in fact have a good plan for Disney...Lord knows Disney needs it! Hopefully now they'll have better, fresher 2D films and will get out of this disgusting rut of crapping out numerous "sequels" to their past successful films.
What I'm concerned about is the corporate culture of Disney. Hopefully Jobs and his Pixar people can soften that and help Disney return to the great company that it used to be under Walt. As Woody would say, "Somebody poisoned the waterhole!"
C'mon!
http://www.msnbc.msn.com/id/11003466/
someone please host this in quicktime...
Originally posted by Mac_Doll
This is extremely good news to me; I can't wait to work for this new venture. I'm hoping to do animation at either Disney or Pixar.
Iger is a much better man than Eisner strategy wise. He does in fact have a good plan for Disney...Lord knows Disney needs it! Hopefully now they'll have better, fresher 2D films and will get out of this disgusting rut of crapping out numerous "sequels" to their past successful films.
You know they had a saying (and a t-shirt) over at the old Spumco... "Just sh*t it out"... And the shirt had a cutaway view of Ren traveling through Stimpy's digestive tract.
Originally posted by Chris Cuilla
It was a WAY different time and situation for him then too.
Ummm...no.
I would be. For what? Why? Apple doesn't do anything that would likely interest John Lasseter. People link the interests of Pixar and Apple WAY too much merely because they have a single link (the CEO and owner). Steve has been running two different businesses. Yes there have been (and likely will continue to be) some deals...but these are nothing more that the results that come from the CEOs of two different companies play golf or tennis together.
Ummm...yes.
His voice in direction is more than Ellison but he is just a board member. Read the press position from Disney.
Originally posted by mdriftmeyer
Ummm...yes.
His voice in direction is more than Ellison but he is just a board member. Read the press position from Disney.
Ummm...no.
He is a board member with the largest single stake in the company. Way different than Ellison and Apple. You just don't ignore a guy that owns 6% of the company. Period.
Originally posted by Chris Cuilla
You just don't ignore a guy that owns 6% of the company. Period.
Especially when he's CEO of the biggest legal online media store and you have content to sell.