Pixar Posts Huge Profits

By Jack February 4, 2000 11:28 AM

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(SB)-Steve Jobs had more cause for celebration Thursday.?Only weeks after Apple Computer, one company that he heads, reported better-than-expected earnings, Pixar Animation Studios, the other company that he heads, did the same thing.?Profits for Pixar's fourth quarter were in fact nine times higher than they were a year ago, thanks largely to overseas video sales of A Bug's Life and merchandise connected with that film.?The film was the first picture released under a new joint-venture deal between Pixar and Disney in which Pixar receives a greater share of the profits on movies that it produces and that Disney distributes than it did earlier.?"This is the first year which really demonstrates Pixar's earnings potential from our new Disney partnership," Jobs said in a conference call with analysts Thursday.

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