Disney paid $500 million more for Pixar than General Motors is now worth ...
GM's shares have plummeted to less than $12, the lowest level since 1955.
That means the world's largest auto maker has a stock market value of only about $7 billion. That compares with a market cap of about $56 billion in 2000, when the stock was at its all-time high of $94.62 a share.
Disney's purchase price for the Emeryville 'Toon factory? $7.5 billion. The world turned upside down.
The thoughts and observations of the leaders of The Animation Guild (TAG), Local 839 IATSE. Jason MacLeod is the Business Representative, KC Johnson is the President. Mike Sauer is Assistant to the Business Representative.
This weblog reflects their individual personal opinions and does not necessarily represent the official position of the Animation Guild.
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9 comments:
Worth every penny, and then some.
GM doesn't make cute robots, thus they are automatically worth less.
Can't completely say I'm sorry for GM Motors, but Pixar, in my opinion, is worth a bit more.
Just saw Wall-e.
JEEZUS, what a MAGNIFICENT motion picture.
My jaw is just now coming up from the floor.
I like to call it 'Short Circuit 3'
What's a "Short Circuit 3?"
Short Circuit is WALLE's bigger older brother that was in theatres in the 80's.
http://www.cinemablend.com/images/news_img/4032/4032.jpg
Hmmm. Like a BILLIOn other people, I don't watch Ally Sheedy/Steve Gutenberg movies. That looks AWFUL.
And it looks like they ripped the design off of Popular Science magazines of the 50's.
Thank goodness "Wall-e" has personality, charm, WIT, and great storytelling. I doubt anyone will remember that crappy movie after this weekend.
Don't pay attention to him, he's just a bitter Dreamworks employee...
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