Pixar's profit is double estimates, Jobs' wallet spontaneously combusts
Ok, so maybe Steve's wallet hasn't burst into flames (yet), but can this guy be on any more of a roll right now? Pixar yesterday reported profits that are double that of Wall Street estimates, boasting a profit of $27.4 million on revenue of $45.8 million. Why all the good news? Well Finding Nemo, of course – DVD sales have been through the roof (I think I heard it's the best-selling DVD of all time now) and from the Reuters report, it's a good bet revenue from Nemo hitting the television networks is going to lend some good numbers in the 4th quarter as well.
It also sounds like things haven't changed from who knows how long ago on the Disney-Pixar partnership (dictatorship?): Pixar is still "deep in discussions" with Disney about a new distribution deal. The Cult of Mac Blog, where I found this, mentioned that Pixar has quite the stockpile of cash these days and is probably looking to finance their own flicks. Maybe I just don't understand enough about how the industry works, but: since their name is so well-known in this day and age, couldn't they just start distributing their own movies now? Who needs the flailing, sinking boat that is Disney anyway?