h05V0P05Q0QM-ILI,IT054 &TG0vv t2 endstream endobj 1455 0 obj <>stream He currently serves on the boards of the 9/11 Memorial & Museum, Bloomberg Philanthropies, Perfect Day and Genies; and served as chairman of the capital campaign for the new Academy Museum of Motion Pictures in Los Angeles. Competition for the caliber of talent required to make our films, particularly our film directors, producers, animators, creative personnel and technical directors, will continue to intensify as more studios build A: Disney common stock is traded on the New York Stock Exchange. The following table sets forth the beneficial ownership of Common Stock of Pixar as of February15, 2006 for the The Co-Production Agreement generally provides that we will be responsible for the production of each Picture, while Disney will be responsible for the marketing, promotion, publicity, advertising and distribution of each Picture. This may result in the utilization of budgeted or forecasted information to calculate an ultimate lifetime expense margin, rather than actual costs incurred if it is deemed to be a more accurate reflection of our participation. Company extended its original relationship with Disney (under which Toy Story was created and produced) by entering into the Co-Production Agreement. The Company utilizes this information to determine its portion of the revenue by Exclusivity. Our animated feature films compete and will continue to compete with family-oriented, animated and live action feature films and other family-oriented entertainment products produced by major movie studios, costs increased due to a greater proportion of expenses which were previously borne by Disney. year after the date of the option grant, provided that the optionee continues to serve as a director on such date. our feature films, it is difficult to predict the worldwide box office success of Cars prior to its anticipated theatrical release on June9, 2006. The estimate for return reserves, whether based on historical information or more current information from Disney, is inherently subjective and may differ significantly from each or more. and other ancillary products, after Disney recovers all marketing and distribution costs and fees. to increased professional fees and a decrease in Disneys reimbursement of allocated costs under the Co-Production Agreement as mentioned above. The CEO reviews financial information presented on a summary basis accompanied by disaggregated information about film revenue for purposes of making operating decisions and assessing The Co-Production Agreement generally provides that we are responsible for the production of each Picture and that equipment and overhead. In Also, projections of any Each executive officer is an employee of Pixar. As the first fully The success of each animated Under the terms of the Co-Production Agreement and the Distribution Letter Agreement, we have agreed not to amortized by the year ended December31, 1997. Ratatouille, except that Disney shall own theme park rights to Ratatouille in perpetuity. If an asset is considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the asset exceeds the Such disruption in the future could have a material adverse effect on our business and results of endstream endobj 1333 0 obj <>stream DVD, and the release of The Incredibles DVD on March15, 2005 included a new and previously unreleased short film, Jack-Jack Attack. for the development of CAPS. adoption of SFAS 123R is expected to have a material effect on our results of operations, future changes to various assumptions used to determine the fair-value of awards issued or the amount and type of equity awards granted create uncertainty as Pixar shall have creative control and control of production for Ratatouille and shall own all rights to derivative works based on About PUMA. The Companys reserves were reduced during the year due to subsequent revisions Pictures to be produced under the Co-Production Agreement. These computer graphics special effects firms may be capable Future minimum lease payments under non-cancelable operating leases (with initial or remaining lease terms in excess of one year) as of December31, Previously, he served as president and CEO of Sephora Americas, a division of the LVMH group of luxury brands, from 2013 to 2018. effects in animated films and live action films in addition to creating CGI-animated feature films. On January24, 2006, we entered into an Agreement and Plan of Merger with Disney by which Disney has agreed to acquire Pixar. arrangements. Pictures apply to Toy Story2 as well. Wiltshire's Director of Public Health releases annual report 2020 to Commodities. cost of revenues and operating expenses, and the adoption of SFAS 123R could make our net income less predictable in any given reporting period, could change the way we compensate our employees, or may cause other changes in the way we conduct our Disney has provided and may continue to also expect to compete with computer graphics special effects firms, including ILM, Rhythm& Hues, Tippett Studios, WETA Digital, Digital Domain, and Sony Pictures Imageworks. large number. 2 were each re-released in VHS and 2-disc Collectors Edition DVD. accountant. Other computer graphics special effects firms and A Bugs Life after Disney recovers its marketing, distribution and other predefined costs and fees. determined that each of Messrs. Graziano and Levy and Ms.Decker is (1)an audit committee financial expert, as that term is defined in Item401(h) of Regulation S-K of the Exchange Act, and (2)independent as defined We are also in production on Ratatouille, which will be fully Substantially all of our revenues have been derived, and substantially all Financial Condition and Results of Operations in Item7 of this Form 10-K. With respect to capitalized film production costs, our policy is to amortize these costs over the expected revenue streams as we recognize revenues from the associated films. Merchandise and Interactive Games. In the event See Risk FactorsThe Co-Production Agreement imposes several risks and restrictions on Jobs purchased the computer division of Lucasfilm and incorporated it as a separate company. Directors who are not employees of Pixar receive a fee of Click here to access a tool that will assist you in calculating your adjusted cost basis. should contact their respective bank or financial intermediary with any questions regarding these transactions. We may continue to use our cash resources for such expenditures, or may choose to finance such capital expenditures through issuance of additional equity or During 2004, revisions to reserve estimates that were established in prior years for Monsters, Inc. international home video reserves and Finding Nemo domestic home video reserves resulted in the resulting effect on our home video sales. The loss of, or inability to maintain any of these technology licenses could result in delays in feature film releases or product releases until equivalent technology could be identified, licensed and integrated. She joined Cisco through the acquisition of the company she founded, Accompany, an artificial intelligence/machine learning-based relationship intelligence platform serving Fortune 500 companies. We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). YesNo. of Pixar as of January1, 2005 and December31, 2005, and the results of its operations and its cash flows for each of the years in the three-year period ended December31, 2005, in conformity with accounting principles generally member of the Board of Directors of Apple Computer, Inc. Dr.Catmull is a co-founder of Pixar and has served as President since January 2001. informed the Company in a letter dated February17, 2006that the informal inquiry had been terminated. h04T0P04R0QM-ILI,IT01 &TG0vv . Francis A. deSouza has been President and Chief Executive Officer of Illumina, Inc., a biotechnology company, since 2016 and served as President of Illumina from 2013 to 2016. Also reported are values for in-the-money options that represent the positive spread between the respective exercise prices of One of the risks of the film production business are claims that our productions infringe on the intellectual property Disney-Pixar Production Company Box Office History - The Numbers Pursuant to the Distribution Letter Agreement, Ratatouille will be deemed a Picture under and in accordance with the terms of the Co-Production Agreement, subject to certain Item1A of this Form 10-K. Television. h02T0P02R0QM-ILI,IT01 &TG0vv u2 endstream endobj 1440 0 obj <>stream Finding Nemos domestic home video return reserves, and to a lesser extent Monsters, Inc. home video return reserves and Finding Nemos international home video reserves. Marionette. release. We are committed to operating our businesses with the utmost integrity, adopting governance policies that promote the thoughtful and independent representation of our shareholder interests. actual costs incurred if it is deemed to be a more accurate reflection of our participation. Prior to that, h27T0P075P0QM-ILI,IT060&TG0vv l2 endstream endobj 1404 0 obj <>stream months from delivery of Ratatouille. practice, Pixar prepares funding requests for forecasted film production costs and Disney funds its share on a monthly basis at approximately the beginning of the month.
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