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Disney buys Pixar $7.4 billion

Disney will buy Pixar for $7.4 billion. Is it the end of great movies like The Incredibles or is it the start of something even greater? Steve Jobs gets a seat on Disney's Board of Directors and other important Pixar employees get key positions which promises well;

Pixar Chairman and CEO Steve Jobs will be appointed to Disney's Board of Directors as a non-independent member, according to the agreement reached between the companies. Pixar President Ed Catmull will serve as President of the new Pixar and Disney animation studios, reporting to Iger and Dick Cook, Chairman of The Walt Disney Studios.

In addition, Pixar Executive Vice President John Lasseter will be Chief Creative Officer of the animation studios, as well as Principal Creative Advisor at Walt Disney Imagineering.