Disney Buys Pixar for US$7 Billion

Pixar Animation Studios, whose films have garnered critical acclaim with both domestic and overseas audiences, is being bought tomorrow by Disney for $7 billion. Steve Jobs, as the CEO of Pixar, will become the largest shareholder in Disney. In contrast to Pixar’s remarkable success, Disney have struggled in the last decade to release original and financially successful productions; recently, many of the studio’s films have been sequels of earlier successful works, a good portion of which have been released direct to video.

This will no doubt affect Apple’s products in the future. In the future, maybe we will see Disney movies available on iTunes.. the possibilities are countless. Check out the full news story at AppleXnet.