Pixar Splits

Computer animation wizzes Pixar have split from Disney Studios.

"After 10 months of trying to strike a deal with Disney, we're moving on," said Pixar chief executive Steve Jobs.

"We've had a great run together - one of the most successful in Hollywood history - and it's a shame that Disney won't be participating in Pixar's future successes," he said.

Uh oh.

Steve Jobs is making business decisions again. The guy who:

• Invented and then nearly killed the Macintosh
• Invented and then oversaw the death of NeXT, the coolest computers ever made (yes, vastly better than the Macs of the day)
• Oversaw the founding of ITunes - and the jury's still out on whether he'll screw the pooch there

So - if you have Pixar stock, I recommend "Sell".

(Note: I am not a qualified market analyst. Merely someone who's been awed by Jobs' capacity for managerial blundering, easily equal to his ingenuity at innovation).

Posted by Mitch at January 30, 2004 08:07 AM