Pixar to partner with Warner?
Posted: Wed Oct 08, 2003 4:25 pm
http://www.nypost.com/business/7348.htm
If you read the article, there's more.COURTING PIXAR
October 6, 2003 -- As if contract talks between Walt Disney and partner Pixar Animation Studios weren't heated enough, rival Warner Bros. has apparently thrown another log on the fire.
Within the last two months, Time Warner-owned Warner Bros. has tried to step into Disney's desirable shoes by offering its digital animation partner, Pixar, a lucrative "90/10" proposal - allowing Pixar to keep virtually all of the profits from the movies it makes and pay Warner a 10 percent distribution fee, according to sources familiar with the situation.
Warner is not currently in negotiations with Pixar, according to a Time Warner spokesman, and it is unclear whether the offer is even still on the table.
Yet the proposal - which sources say Pixar Chairman Steve Jobs has been dangling before other suitors, including News Corp.'s 20th Century Fox and Sony Corp.'s Sony Pictures Entertainment - gives Pixar even more leverage in its tense talks to renegotiate its partnership with Disney.