Steve Jobs Declares He Owns Everything

Drawing from Crookie's Blog

I don't know if everyone's been following the Disney/Pixar debates, but here's the scoop. A couple years ago, former Disney CEO Michael Eisner told Pixar to shove it when they asked for more control over their films. So, Pixar decided to make the upcoming film Cars their last movie made under the Disney name and pursue another studio to do business with. Well, that's when Disney executives realized that all the money they're making off movies is thanks mostly to Pixar (and Miramax, which kicked out its creators, Bob and Harvey Weinstein, earlier last year), and they fired Eisner, replacing him with Robert Iger, who offered Steve Jobs $7 billion in Disney stock in a bid for ownership of Pixar. Jobs agreed, Pixar is now owned by Disney, and the world may be spared a Toy Story 3 and Another Bug's Life, now that Pixar's creative leader and co-founder John Lasseter will be chief creative officer of all Disney productions. Of course, this now means that Steve Jobs has a big stake in Apple Computer, Pixar Animation, and Walt Disney Studios. Let's hope his first film idea doesn't involve animated iPods.

UPDATE: It's official. Toy Story 3 is kaputz.