Steve Jobs dream of being a Hollywood mogul might after all be real. The Wall Street Journal reports that Walt Disney is in serious talks to buy Pixar Animation Studios for about $6.7 billion in a stock transaction. This would make Steve Jobs the single largest stock holder in Walt Disney. Or what I have labeled, iDisney! Steve owns about 60 million Pixar shares, or roughly 50.6% of the company. The Pixar team would become Pixaires, since old terms like millionaires don’t make much sense for those who get stupendously rich for doing what they love.
I hope WD doesn’t screw Pixar’s iconic culture up too much, and leaves it alone to print money for the aging animation studio owner. I think this in the long run would be good for Apple. Steve, can sit with the content owners and finally make a convincing argument that he is on their side. As a majority shareholder in Disney, he can say he got skin in the game… etc etc etc. Perhaps, it could help Apple stop the Microsoft and its DRM plan, which for now Hollywood likes.