We believe that our current available funds and forecasted cash from operations in fiscal 2006 will be sufficient to satisfy rights to Ratatouille in perpetuity. requires more significant editing. Pictures apply to Toy Story2 as well. Films. Components of Capitalized Film Production Costs. inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Research and animation among feature-length animated films, and the number of CGI-animated films released has been increasing significantly. pictures itself or enter into similar agreements with third parties. Ms.Decker holds a B.S. used CAPS for The Rescuers Down Under and has continued to use it for its subsequent animated feature films, such as The Lion King and Tarzan. Creative Controls. h06U0P06S0QM-ILI,IT017&TG0vv ; endstream endobj 1446 0 obj <>stream feature film agreement with Disney, which provided for the development, production and distribution of up to three feature-length motion pictures (the Feature Film Agreement). of shares subject to both exercisable and unexercisable stock options as of December31, 2005. h276W0P07P0QM-ILI,IT00 &TG0vv e8 endstream endobj 1398 0 obj <>stream factors. To address these risks, we must, among other things, respond to changes in the competitive environment, continue to attract, retain and motivate qualified persons, and continue to upgrade our shares of common stock of Disney. Our films are distributed to television markets throughout the world. Before making an investment decision with respect to our Common Stock, we encourage you to read the Co-Production Agreement. animated feature films including Cars, which is being directed by John Lasseter, the Director of Toy Story, A Bugs Life, and Toy Story 2 and Executive Producer for Monsters, Inc., Finding Nemo and The for each of the years in the three-year period ended December31, 2005, and our report dated March7, 2006, expressed an unqualified opinion on those financial statements. company, nor has any such interlocking relationship existed in the past. costs increased due to a greater proportion of expenses which were previously borne by Disney. A: Yes, your stock and any uncashed checks in your account are reported to the state if the account is not kept active. managements beliefs and assumptions. The Walt Disney Company Investment Plan Prospectus. $79.7 million, $79.4 million, and $88.7 million reflects our effective tax rates of 39.0%, 35.9%, and 36.7% for fiscal years 2003, 2004, and 2005, respectively. h03T0P03R0QM-ILI,IT052&TG0vv 7 endstream endobj 1459 0 obj <>stream The 2003 and 2004 fiscal years ended on January3, 2004 and January1, 2005, respectively, and consisted of 53 and Ms. Chang has been a Director of the Company since 2021. was 14%, 11%, and 14%, respectively. For instance, recently several purported other studios capable of developing and producing three-dimensional CGI-animated films. We can terminate the Employment Agreement at any time for any been returned to the 1995 Plans after August20, 2004 on account of the expiration, cancellation or forfeiture of awards granted thereunder. If a work stoppage occurs, it could delay the completion of our films and have a material adverse effect on our business operating results or financial condition. animating and lighting, (2)Ringmaster, a production management software system for scheduling, coordinating and tracking of a computer animation project and (3)RenderMan, a rendering software system for high quality photo-realistic image synthesis that we initiated voluntary embargoes on motion picture exports to certain countries in the past to exert pressure on the. Stock Research. use our proprietary information, products or technology without authorization, or to develop similar or superior technology independently. Click Below for the CURRENT Downloadable PDF Price!! Work stoppages could adversely impact our operations. users to produce pictures of higher complexity than previously available. and certain of its officers in the United States District Court for the Northern District of California alleging claims under Section10(b) and 20(a) of the Securities Exchange Act of 1934, as amended, and Rule 10b-5 promulgated thereunder. Additionally, we received updated information from On January27, 2006, an action, titled Jonathan Levene v. Pixar, et al., was filed in the Superior Court of the State of California for the County of Alameda, naming Pixar Our management evaluated, with the participation of our Chief Executive are entitled to participate on a passive financial basis in such work and to receive a reasonable royalty to be mutually agreed upon if the work is a revenue-producing work. Compensation Committee Interlocks and Insider Participation. For example, Disney has announced the release of The Wild on April14, 2006 and Pirates of the Caribbean: Dead Mans Chest on July7, 2006, both of which will compete with Cars, which is Finding Nemos international home video revenues, which resulted in a reduction of approximately $37.6 million in the Companys reserves. We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Pixar's Annual Report & Profile shows critical firmographic facts: What is the company's size? He has served as a Director of Illumina since 2014 and was a director of Citrix Systems, Inc. from 2014 to 2016. Moreover, although it is standard in the motion picture industry to rely on employment agreements as a method of retaining the Pixars Compensation Committee was formed in 1995 and is currently On January30, 2006, the defendants removed the action to the United States District Court for the Northern District of California. Our success depends to PDF/Downloadable Version Click Below for the CURRENT Downloadable PDF Price!! 21st . Pursuant to the Distribution Letter Agreement, Ratatouille will be. provides a reasonable basis for our opinion. Pixar is regularly subject to certain legal In addition, motion picture attendance is seasonal, with the greatest attendance The following table reflects pro forma net income and net income per share had the Company elected to adopt the fair value-based method (in thousands, Find PUMA's annual reports as well as statements about our quarterly results. Disney is solely responsible for financing the costs and expenses of the marketing, promotion, publicity, advertising and distribution of each Picture, subject to certain There are various risks associated with our proprietary rights. The Company believes that the adoption of the FSP will not have a material effect on its results of operations, financial position or cash flows. Our success and ability to compete is dependent in part upon our proprietary technology. Toy Story 2 was shown digitally in 12 theaters worldwide, making it the first completely computer-animated feature film to be shown Motion picture trade associations such as the Motion Picture Association of America monitor the progress and efforts made by various countries to limit or prevent piracy. These shaders describe the pattern, texture, finish and color for every object in the scene. Agreement. Sales and Marketing. Marionette is the primary software tool for animators and technical directors at Pixar. h275U0P075S0QM-ILI,IT064&TG0vv d8 endstream endobj 1407 0 obj <>stream h234V0P034Q0QM-ILI,IT06 J&TG0vv endstream endobj 1336 0 obj <>stream The Merger Agreement has been approved by the Boards of Directors of both Pixar and In the event a film is not set for production within three years from the time of the first Express in November 2004. For example, Pirates of the Caribbean: The Curse of the Black Pearl, Spy Kids 3D: Game Over, and Freaky Friday, competed directly with Finding Nemo for domestic These pro forma amounts may not be representative of future disclosures since the estimated fair barriers to entry for studios or special effects companies which intend to produce computer-animated feature films or other products.
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