Disney, Pixar Plan Summer 2006 Run for Cars
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Disney, Pixar Plan Summer 2006 Run for Cars
http://www.thestreet.com/_yahoo/tech...FREE&cm_ite=NA
By George Mannes
Senior Writer
12/7/2004 5:22 PM EST
Well, at least Disney (DIS:NYSE - commentary - research) and Pixar Animation Studios (PIXR:Nasdaq - commentary - research) can agree on something.
The two companies said Tuesday that Cars, the final original film in their lapsing, multiyear production/distribution pact, would be released in June 2006 rather than in late 2005, as previously planned.
The move means that Pixar, the highly regarded computer animation studio behind such blockbusters as Finding Nemo and The Incredibles, will have a year-and-a-half gap until its next release, rather than the usual one-year gap that the company has usually has.
Pixar's shares, which started climbing in August in anticipation of the release of The Incredibles early last month, fell $1.13 to $91.06 in regular trading Tuesday, then dropped $3.45 in after-hours action following the release date's change.
"Cars longs to be a summer movie," Pixar CEO Steve Jobs said in a statement. "We plan to finish Cars on its original schedule, and look forward to Cars and our future films benefiting by summer theatrical releases and holiday DVD releases."
Pixar has released most of its movies in the fall, but on the company's earnings call Nov. 11, Jobs raised the possibility that the company might start releasing its movies in the summer.
In discussing the possible shift, Jobs compared the performance of Finding Nemo, which was a summer release, with that of Monsters Inc., which was released in the holiday season. Most of Finding Nemo's relatively better box-office revenue, said Jobs, stemmed from the greater midweek attendance enabled by releasing the movie at a time when many children didn't have to be in school.
At the time, Jobs wouldn't say whether Cars was under consideration for a release-date shift.
I wonder if this is the real reason for the delay!
Chris
By George Mannes
Senior Writer
12/7/2004 5:22 PM EST
Well, at least Disney (DIS:NYSE - commentary - research) and Pixar Animation Studios (PIXR:Nasdaq - commentary - research) can agree on something.
The two companies said Tuesday that Cars, the final original film in their lapsing, multiyear production/distribution pact, would be released in June 2006 rather than in late 2005, as previously planned.
The move means that Pixar, the highly regarded computer animation studio behind such blockbusters as Finding Nemo and The Incredibles, will have a year-and-a-half gap until its next release, rather than the usual one-year gap that the company has usually has.
Pixar's shares, which started climbing in August in anticipation of the release of The Incredibles early last month, fell $1.13 to $91.06 in regular trading Tuesday, then dropped $3.45 in after-hours action following the release date's change.
"Cars longs to be a summer movie," Pixar CEO Steve Jobs said in a statement. "We plan to finish Cars on its original schedule, and look forward to Cars and our future films benefiting by summer theatrical releases and holiday DVD releases."
Pixar has released most of its movies in the fall, but on the company's earnings call Nov. 11, Jobs raised the possibility that the company might start releasing its movies in the summer.
In discussing the possible shift, Jobs compared the performance of Finding Nemo, which was a summer release, with that of Monsters Inc., which was released in the holiday season. Most of Finding Nemo's relatively better box-office revenue, said Jobs, stemmed from the greater midweek attendance enabled by releasing the movie at a time when many children didn't have to be in school.
At the time, Jobs wouldn't say whether Cars was under consideration for a release-date shift.
I wonder if this is the real reason for the delay!
Chris
#5
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Yeah, it doesn't look that interesting. But, moving it to summer where there is more competition doesn't exactly make sense following that line of reasoning. Who knows.
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Originally Posted by Deftones, Esq
Yeah, it doesn't look that interesting. But, moving it to summer where there is more competition doesn't exactly make sense following that line of reasoning. Who knows.
#7
DVD Talk Godfather
Originally Posted by mrpayroll
The move means that Pixar, the highly regarded computer animation studio behind such blockbusters as Finding Nemo and The Incredibles, will have a year-and-a-half gap until its next release, rather than the usual one-year gap that the company has usually has.
Toy Story: 95
A Bugs Life: 98
Toy Story 2: 99
Monsters Inc: 01
Finding Nemo: 03
Incredibles: 04
Cars: 06
#8
DVD Talk Legend
Originally Posted by Michael Corvin
Since when does Pixar release a movie every year? They've done it twice, I would hardly call that an annual thing.
Toy Story: 95
A Bugs Life: 98
Toy Story 2: 99
Monsters Inc: 01
Finding Nemo: 03
Incredibles: 04
Cars: 06
Toy Story: 95
A Bugs Life: 98
Toy Story 2: 99
Monsters Inc: 01
Finding Nemo: 03
Incredibles: 04
Cars: 06
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Originally Posted by Jepthah
I smell 'tweaking' in the works. Perhaps Pixar is concerned about this one. The teaser seems to have underwhelmed a lot of people.
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I really don't think this is that good of an idea. The main reason why they want to do this move is to make more money, and while Finding Nemo did make more money than Incredibles will likely, there was very little family film competition than. Come on...Nemo opened up against flicks like Bruce Almighty and The Italian Job. I really like seeing Pixar films around Thanksgiving in lieu of the summer. Plus, Incredibles is doing incredible with all of the other animated competition.
While summer openings sometime do better, that is not always the case. Both of the Harry Potter films that opened around Thanksgiving outperformed the one that opened in the summer. I think they should just keep the release date where it's at, but what do I know.
While summer openings sometime do better, that is not always the case. Both of the Harry Potter films that opened around Thanksgiving outperformed the one that opened in the summer. I think they should just keep the release date where it's at, but what do I know.
#13
DVD Talk Hero
Gee... look what movie got moved to Nov 2005
Chicken Little
Disney's website still shows it at Summer of 2005 but maybe it was a domino effect.
Chicken Little
Disney's website still shows it at Summer of 2005 but maybe it was a domino effect.
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Originally Posted by MasterofDVD
Cars looks very weak to me and I can't see anything glimmer of hope right now that would make me want to see it or own it. I hope they can make me eat my words.
Fortunately, Pixar has made me eat my words twice already with those two - and I'm guessing that Cars will probably be serving #3 for me.