Post by Evan on Jun 22, 2005 19:45:33 GMT -5
LOS ANGELES (AFP) - Entertainment giant Walt Disney Co. will reportedly release the third episode of its hit "Toy Story" films in mid-2008 following its divorce from animator Pixar.
But even as the house of Mickey Mouse announced it would release "Toy Story 3" without Pixar Animation Studios, the two firms are rekindling talks to renew their Oscar-winning production deal, Daily Variety said.
If the deal between the two powerhouses is not renewed, "Toy Story 3" would be the first in the series to be produced and distributed by Disney alone after talks about renewing the 10-year deal collapsed last year.
Disney Consumer Products chair Andy Mooney announced that the company would take up its option of producing sequels to movies produced under the deal with Pixar at a meeting in New York, Variety said.
The film would hit US screens in three years time, 13 years after 1995's original "Toy Story," the tale of a boy's toys that have lives of their own, the daily reported.
The "Toy Story" movies were among the early blockbuster hits born of a 10-year collaboration between Disney and Pixar that has raked in 2.6 billion dollars at the box office.
But Pixar announced in January 2004 it was pulling out of the deal after next year's "Cars" after negotiations deadlocked, reportedly over Disney's refusal to agree to Pixar's demands for a greater share of profits, which are split 50-50, less an 11 percent cut for Disney's distribution services.
But Variety said that the two companies had "recently begun preliminary negotiations again."
The storied deal has produced films including 1999's "Toy Story 2" and "A Bug's Life," "Finding Nemo," "The Incredibles" and "Monsters Inc."
But even as the house of Mickey Mouse announced it would release "Toy Story 3" without Pixar Animation Studios, the two firms are rekindling talks to renew their Oscar-winning production deal, Daily Variety said.
If the deal between the two powerhouses is not renewed, "Toy Story 3" would be the first in the series to be produced and distributed by Disney alone after talks about renewing the 10-year deal collapsed last year.
Disney Consumer Products chair Andy Mooney announced that the company would take up its option of producing sequels to movies produced under the deal with Pixar at a meeting in New York, Variety said.
The film would hit US screens in three years time, 13 years after 1995's original "Toy Story," the tale of a boy's toys that have lives of their own, the daily reported.
The "Toy Story" movies were among the early blockbuster hits born of a 10-year collaboration between Disney and Pixar that has raked in 2.6 billion dollars at the box office.
But Pixar announced in January 2004 it was pulling out of the deal after next year's "Cars" after negotiations deadlocked, reportedly over Disney's refusal to agree to Pixar's demands for a greater share of profits, which are split 50-50, less an 11 percent cut for Disney's distribution services.
But Variety said that the two companies had "recently begun preliminary negotiations again."
The storied deal has produced films including 1999's "Toy Story 2" and "A Bug's Life," "Finding Nemo," "The Incredibles" and "Monsters Inc."
news.yahoo.com/s/afp/20050622/ennew_afp/afpentertainmentusfilm_050622190041
I am overjoyed. *rolls eyes*
Never Say Never -From countless deaths, the phoenix rises. The title for one who keeps coming back.
