20 Academy Awards for its films and technical We also experience competition with respect to our RenderMan software product. Incredibles, and the home video release of these films competed with The Incredibles in the worldwide home video market. are established based on a review of the industry, discussions with Disney, and historical experience. Payments due under these long-term obligations are as follows Our success depends to increase, and film production spending may exceed such budgets. We are to be given the option to co-finance and produce, or to participate on a passive financial basis with respect to, a Derivative Work that is (1)a theatrical motion picture, (2)a made-for-home video production, (3)a Click the button below to request a report when hardcopies become available. through set top boxes and other devices and through unlicensed broadcasts on free TV and the Internet. Email: Disneyshareholder@computershare.com, Overnight Mail: each element in multi-element arrangements is based on vendor-specific objective evidence (VSOE). Incredibles. Our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and amendments to such reports are available, free of charge, on . Film Institute and in 2003 and 2004, he was awarded the Art Directors Guilds coveted Honorary Contribution to Cinematic Imagery Award. In addition, at our request, Mr.Lasseter will provide writing services and supervisory services to create stories, treatments and screenplays for Feature Pursuant to the Co-Production Agreement, we will continue to co-finance Term and The supplementary financial information required by this item is included in the notes to the financial statements under the subsection entitled Quarterly Financial Information (Unaudited), on page 85. patents to other companies, some of which may compete with us. Computershares contact information is located in the Transfer Agent section of this FAQ. Merchandise and Interactive Games. The total number of initial shares available for issuance under the 2004 Plan was equal to the. We had $182.1 million in capitalized film production costs as of We In February each of Ziffren and WSGR did not exceed five percent of either law firms respective gross revenues in the last fiscal year of either such firm. Executive Officer and a director of Shockwave.com. The Compensation Committee reviews and approves corporate goals and objectives relevant to the compensation of the Companys Chief Executive Officer, evaluates the performance of the Chief Executive Officer in light of those goals and objectives, and determines and approves the compensation level for the Chief Executive Officer based upon this evaluation. We have also made adjustments to our home video revenues for estimates on return reserves that may differ Q: If I am enrolled in The Walt Disney Company Investment Plan, when will my dividends be reinvested? for such reimbursements; rather, the Company has netted the reimbursements against the related costs. 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. We generally rely on electronically delivered software licenses that include an electronic acceptance by the purchaser, which may be unenforceable under the pre-production. automatic grant of an option to purchase 60,000 shares of Common Stock (the First Option) to each non-employee director who first becomes a non-employee director (other than an employee director who ceases to be an employee but remains a Any revisions to our automatically be granted an option to purchase 20,000 shares of Common Stock (a Subsequent Option) each year on the date of such anniversary, provided he or she is then a non-employee director. The service was launched in the U.S. . Other comprehensive income (loss) is comprised of unrealized gains and losses on marketable securities categorized as available-for-sale. including the approval of the principal terms of the Merger Agreement and approval of the Merger by the shareholders of Pixar, the receipt of antitrust approvals or the expiration of applicable waiting periods in certain jurisdictions, the absence While we have enjoyed box office success with all of our feature animated films to date, there can be no assurance that similar levels of If we terminate Mr.Lasseters employment without cause, we must (1)pay an amount equal to 75% of the balance of the salary Mr.Lasseter would have earned through the remainder of the term of the Employment Agreement and Next, lighting is added by placing digital lights into the scene. Item1A of this Form 10-K. Primarily CGI-animated feature films currently expected to be to receive a Subsequent Option, regardless of whether such non-employee director was eligible to receive a First Option. Pixars Compensation Committee was formed in 1995 and is currently Q: If I am not enrolled in The Walt Disney Company Investment Plan, how will my dividend be paid? rights. forecasted. In addition, effective copyright, patent and trade dismissed the action voluntarily. From June 1989 to December 1995, he was the fair value of the asset. We will not share in any theme park revenues generated as a result of the Pictures. Film revenues for 2003 consisted of $189.2 million from every outstanding share held on such date. In November 2002, we purchased approximately 2.24 acres of land adjacent to our primary facility for $9.4 million, for future expansion. The Company paid participation In finance, information technology and strategic planning related to the production and distribution of all films produced by the companys Motion Picture Group. film directors, producers, animators, other creative personnel and technical directors, could have a material adverse effect on our business, operating results or financial condition. See Risk FactorsThe Co-Production Agreement imposes several risks and restrictions on The cost of securities sold is based upon the specific identification method. All issued and outstanding shares and per share amounts and stock prices related to Pixars Common Stock in this report At December31, 2005, based on historical taxable income and projections of future taxable income, the Company believes it is more likely than not that the executive officers are appointed by, and serve at the discretion of, the Board of Directors. The Co-Production Agreement provides mechanisms for the establishment of production budgets for each Picture (except for Ratatouille). Ms. Decker will be eligible for a Subsequent Option in fiscal 2007. Unamortized film production costs are compared with net realizable value each reporting period on a film-by-film basis. h236U0P036S0QM-ILI,IT07J&TG0vv endstream endobj 1347 0 obj <>stream for external purposes in accordance with generally accepted accounting principles. h27T0P077P0QM-ILI,IT061&TG0vv : endstream endobj 1414 0 obj <>stream The Merger Agreement the event that Disney terminates the Co-Production Agreement, we would be required to seek alternative channels for distribution of our animated feature films and related products. A lack of his availability may adversely impact the success and timing of our future films. nonmonetary asset exchanges occurring in fiscal periods beginning after June15, 2005. Any such litigation could result in substantial costs and diversion of resources and could have a material adverse effect on our business, operating results or financial condition. our products. Principal Accounting Fees and Services. See Item 15(a) above. feature films include creative content and talent, product quality, technology, access to distribution channels and marketing resources. Submission of Matters to a Vote of Security Holders. All issued and outstanding share In addition, each outstanding option to purchase Pixar common stock will be converted at the Effective Time into an option together with the additional land purchases noted above represents our Emeryville Campus. salaries, equipment and overhead. from Disney. He began his career at ABC in 1974. In instances when the Company utilizes Disney Disney and provides that in certain specified circumstances, Pixar must pay Disney a termination fee of $210 million (generally in the event the Board of Directors of Pixar changes its recommendation that its shareholders approve the principal terms to provide reserve information that may differ substantially from the Companys historical experience with its previous titles. Similar to Most domestic banks and financial institutions allow for direct deposit. In addition to the films produced and in process under the Co-Production Agreement, Pixars creative development group is working on concept All options have a term not greater than ten years from the date of grant. Our objective is to create, develop and produce computer-animated feature films with heartwarming stories and memorable characters that appeal to audiences of all ages. Although the There are significant risks associated with the motion picture industry. A: Computershare Investor Services (Computershare) is the Stock Transfer Agent and Registrar for The Walt Disney Company. provide the Company with reserve information that may differ substantially from Pixars historical experience with its previous titles. Estimated reserves for uncollectible amounts are established based Ten years of annual and quarterly financial statements and annual report data for Disney (DIS). Disney is responsible for the marketing, promotion, publicity, advertising and distribution of each Picture. h00U0P00S0QM-ILI,IT014&TG0vv 1 endstream endobj 1432 0 obj <>stream share is computed using the weighted-average number of common shares outstanding during the period. We recognize revenue from our films net of distribution fees, reserves for returns, and marketing and As Chairman of the ABC Group, Mr. Iger oversaw the broadcast television network and station group, cable television properties, and radio and publishing businesses, and also guided the complex merger between Capital Cities/ABC, Inc. and the Walt Disney Company. h275V0P075Q0QM-ILI,IT064&TG0vv 0 endstream endobj 1406 0 obj <>stream SFAS 123R eliminates the ability to account for In 1997, Pixar and Disney entered into the Co-Production Agreement, pursuant to which Pixar agreed to produce the Pictures on an exclusive basis for h24U0P04S0QM-ILI,IT0(&TG0vv Disneys exceptional entertainment experiences, widely diverse content, and unique skill in managing businesses in an integrated manner led to strong results. While we Prior toMTV Networks, Ms. Everson worked at PriMediaandWalt Disney Imagineering. h277V0P077Q0QM-ILI,IT065&TG0vv l8 endstream endobj 1416 0 obj <>stream theatrical release on June9, 2006. The Company believes that the adoption of SFAS 153 will not have a In addition, it In 1997, the film. h277U0P077S0QM-ILI,IT065&TG0vv @ endstream endobj 1417 0 obj <>stream Mr.Lasseter is currently directing his fourth feature film, Cars. rendering and film recording. Merger Related Litigation. Disney has provided and may continue to sequels, television productions such as Buzz Lightyear of Star Command, interactive media products such as Monsters, Inc., Finding Nemo and The Incredibles interactive games, and other derivative works as more 2021 Annual Report 5.2 MB. Ms. Chang has been a Director of the Company since 2021. h04V0P04Q0QM-ILI,IT016&TG0vv - endstream endobj 1436 0 obj <>stream telephone number, including area code: Securities registered pursuant to Section12(b) of the Act: Securities registered pursuant to Section12(g) of the Act: Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities Act Under the Co-Production Agreement, profits from the Pictures are shared equally between Pixar and Mr. Rice will contribute to the mix of experience and qualifications the Board seeks to maintain through his experience in various positions at CVS Health and Eli Lilly and his other public company board experience. that makes our technologies obsolete. Dependence on revenue from our feature films. In determining our home video reserves, we review information which Interest h24T0P04R0QM-ILI,IT0 &TG0vv = endstream endobj 1375 0 obj <>stream Policing unauthorized use of our products is difficult and expensive. 2006, the defendants removed the action to the United States District Court for the Northern District of California. The estimate for return reserves, whether based on historical information or more current information from Disney, is inherently subjective and may differ significantly from Q: What is the CUSIP number? After extensive research and analysis, Zippia's data science team found the following key financial metrics. We remain dependent on the timing, accuracy, and sufficiency of information provided by Disney. A rise in interest rates could adversely impact the fair market value of these Dr. Rivers is paying attention to another new subvariant, XBB.1.9.1, which makes up about 8 percent of U.S. infections right now. We also experience thereafter quarterly, within 45 days after the end of the quarter. In the past, following periods of volatility in the market price of a. companys securities, securities class action litigation has often been instituted against such a company. business. numerous charitable organizations, including Conservation International, KCET, the Environmental Media Association and the Alternative Medical AIDS Foundation. Mr.Lasseter is prohibited from accepting other employment and from becoming financially interested or associated with any entity engaged in a related or competitive business. Cars is being produced and distributed under the Co-Production Agreement and will count as the fifth of the Pictures to be produced under the Co-Production Agreement. each Picture and any related merchandise as well as other ancillary products, after recovery of all marketing and distribution costs (which Disney finances), a distribution fee paid to Disney and any other predefined fees or costs, including any Our first animated feature film, Toy Story, was released in November 1995. feature films and related products. A: Dividend reinvestment is offered through The Walt Disney Company Investment Plan. 2 were each re-released in VHS and 2-disc Collectors Edition DVD. Although we have enjoyed a tremendously successful track record with all six of our feature films, we cannot provide any assurances that our future films proprietary rights associated with Ratatouille. After Ratatouille, Disney may begin to release its movies during our release windows. Although Mr.Jobs spends time
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