“The sky wasn’t falling at Disney Monday after Chicken Little posted a strong opening weekend at the box office,” Jonathan Berr reports for TheStreet.com. “The tale of the scrawny chicken who thinks the world is coming to an end took in $40 million, according to Boxofficemojo.com. That made it the weekend’s top movie and the second-biggest opening in terms of unadjusted grosses for a Disney-made feature, behind The Lion King.”
“Chicken Little’s performance, which came despite lukewarm reviews, may ease concerns on the part of some investors that the Burbank, Calif.-based media giant is too dependent on its partner Pixar for hit animated films,” Berr reports. “The film certainly wasn’t a critical favorite. A.O. Scott of The New York Times called it ‘a terrible movie.’ Entertainment Weekly’s Lisa Schwarzbaum called the film ‘simplistic.’ Even the Boston Globe’s Ty Burr, who said Chicken Little was ‘shiny and peppy, with some solid laughs and dandy vocal performances,’ added that ‘it doesn’t come close to the genius of Pixar.'”
“Pixar Chief Executive Steve Jobs may sell the company to Disney if the two can agree on a price, according to a report in The New York Times. Disney Chief Executive Robert Iger hasn’t made a formal offer, the paper said. Shares of Pixar, whose The Incredibles opened last year with a box office of $70.5 million, fell $1.42 to $52.69. Before Monday the shares had zoomed 26%.”
Full article here.
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Selling Pixar doesn’t seem plausible for Jobs. He seems to like running Pixar and Jobs certainly isn’t hurting for cash. Being the head of a major film studio is too important right now for Jobs’ other role as Apple CEO, especially as Apple moves to add more video content to the iTunes Store. Although Apple and Pixar are totally separate companies, the fact that Jobs is CEO of both helps both. Perhaps Jobs will sell Pixar to Apple?
Analyst: Disney’s ‘Chicken Little’ has huge implications for Steve Jobs’ Pixar – November 04, 2005
Disney’s ‘Chicken Little’ crammed with snarky pop culture references, lacks qualities of Pixar films – November 04, 2005
Report: Steve Jobs would consider selling Pixar – October 31, 2005
The man behind Apple and Pixar: Steve Jobs – October 29, 2005
Apple to buy Pixar? – January 30, 2004