Disney Buys Pixar

This week, Disney and Pixar reached a $7.4 billion blockbuster deal in which Pixar will become part of Disney, and Pixar (and Apple) CEO Steve Jobs will become Disney's largest shareholder and a member of the Disney board of directors. Pixar, of course, is the maker of such fine computer-generated films as The Incredibles and Toy Story, and to date, all its films have been distributed by Disney, which, of course, was a one-time innovator of animated movies. What's most interesting about this potential deal is that it would firmly place Steve Jobs atop Hollywood's mogul list, as he would at least partially control at least two of the biggest firms, Apple and Disney, which are working to bring together technology and media. Could be a fascinating development. Stay tuned

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