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AOL Time Warner angling for Pixar
Media conglomerate said to be eyeing distribution agreement with animation studio.
October 6, 2003: 7:58 AM EDT

NEW YORK (CNN/Money) - The courtship of Pixar Animation Studios is picking up, with AOL Time Warner the latest suitor to enter the fray for the studio behind "Monsters Inc." and "Finding Nemo," according to a published report Monday.

Within the last two months, AOL Time Warner's Warner Bros. unit offered Pixar a deal whereby Pixar would keep virtually all the profits from its films but pay Warner Bros. a 10 percent distribution fee, the New York Post reported, citing sources familiar with the situation.

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News of the AOL Time Warner offer comes as Pixar and Walt Disney Co. (DIS: Research, Estimates) negotiate to extend their partnership beyond its current 2005 expiration.

Under the current agreement, Disney distributes Pixar films, receives a 12.5 percent distribution fee and also takes a percentage of the film's profit, according to the Post.

Although an AOL Time Warner spokesman told the paper the company no longer is in negotiations, Pixar Chairman Steve Jobs has been shopping the deal to other media conglomerates, such as News Corp.'s 20th Century Fox, Sony Pictures Entertainment and Disney, the paper reported.

AOL Time Warner (AOL: Research, Estimates) is the parent company of CNN/Money.

Pixar (PIXR: Research, Estimates) shares closed at $70.12 Friday.  Top of page




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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.