Pixar Animation Studios and Walt Disney Co.’s undersea adventure, ‘Finding Nemo,’ was the top movie in the U.S. and Canada, with an estimated $70.6 million in ticket sales, the biggest opening ever for an animated film. The movie [was] also the biggest debut ever for Disney,” Bloomberg reports.
“‘Finding Nemo’ follows Pixar and Disney’s success with computer-animated films such as ‘Toy Story.’ The companies share costs and revenue equally after Pixar pays Disney a distribution fee. Their four prior movies grossed $856 million in the U.S. and Canada. The last four animated films Disney released on its own took in about $255 million, Exhibitor Relations said,” reports Bloomberg.
“‘Monsters, Inc.,’ the companies’ last co-production, brought in $62.6 million during its debut weekend in November 2001, the previous record for biggest animated opening… ‘Nemo’s’ success could give Pixar an edge in talks with Disney to renew the companies’ partnership after their current agreement expires at the end of 2005, Smith Barney analyst Jill Krutick wrote in a May 29 report to clients. Pixar, headed by Apple Computer Inc. Chief Executive Officer Steven Jobs, has been free since April to sign a new agreement with another studio that would start in 2006. Jobs has said that Pixar has held talks with several major studios. Pixar currently keeps about 40 percent of the movies’ profit while Disney keeps the remaining 60 percent, said Krutick…”
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