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Pixar Clarifies Disney Remarks
EMERYVILLE, CA - (January 31, 2002) In response to questions arising from a comment made by Disney CEO Michael Eisner during Disney's quarterly earnings call today, Pixar CEO Steve Jobs issued the following clarification, "Pixar has only three pictures left to deliver under its current deal with Disney, and all three of these pictures are currently in some stage of production. While Pixar has the right of first refusal to make sequels of its films, it has no obligation to do so. Pixar enjoys a very successful relationship with Disney and we look forward to completing the remaining three pictures of our current deal."
Pixar will release its fourth quarter 2001 earnings on Thursday, February 7, 2002.
About Pixar Animation Studios
Pixar Animation Studios (NASDAQ: PIXR) combines creative and technical artistry to create original stories in the medium of computer animation. Pixar has created four of the most successful and beloved animated films of all time: Academy Award ®-winning Toy Story (1995); A Bug's Life (1998); Golden Globe-winner Toy Story 2 (1999); and Monsters, Inc. (2001). Pixar's four films have earned $1.5 billion at the worldwide box office to date. The Northern California studio's next film, Finding Nemo, will be released in summer 2003. Pixar Animation Studios films are produced in partnership with Walt Disney Pictures. |
