administrative personnel, insurance costs and professional fees. UNITED STATES SECURITIES AND EXCHANGE COMMISSION, ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d), For the fiscal year ended December31, The Merger Agreement contains certain termination rights for both Pixar and Disney and provides that in certain specified circumstances, Pixar must pay Disney a termination fee of $210million (generally in the The continued threat of terrorism within the United States and abroad, Home generally provides that Ratatouille will be deemed a Picture under and in accordance with the terms of the Co-Production Agreement, subject to certain exceptions discussed above in BusinessRelationship with The members of our Board of Directors as of February15, 2006 are as follows: Mr.Jobs Currently pending before the court is a motion for appointment of lead plaintiffs and their respective counsel. He has been a director of Pixar since February 1986. As the first fully Ms.Scali is also an accomplished performer, songwriter and recording artist. Once a film is released, capitalized film production costs are amortized in the proportion that the revenue during the period for each film bears to the estimated revenue to be received from all sources under the may differ from those reported by Disney. except per share data): Fair value-based compensation cost, net of taxes. of 1933. Moreover, although it is standard in the motion picture industry to rely on employment agreements as a method of retaining the distributed on April18, 2005, and reporting of our share price on a post-split basis commenced on April19, 2005. With regard to the Pictures (except for Ratatouille), we capitalize film production costs in excess of reimbursable amounts information from Disney and estimates by the Company to determine the Companys revenues for the period between Disneys period end and the Companys. The loss of the services of any of Messrs. Jobs, Lasseter, Bax, Dr.Catmull, Ms.Scali or of other key In addition to Mental Images products, Autodesk also markets internally developed Sciences and the British Academy of Film and Television Arts. h235W0P03P0QM-ILI,IT042 &TG0vv 3 endstream endobj 1358 0 obj <>stream patents, copyright and trade secret protection, nondisclosure agreements and cross-licensing arrangements to establish and protect our proprietary rights, we believe that factors such as the technical and creative skills of our personnel are more A: In accordance with unclaimed property laws, property may become inactive (and presumed to be abandoned by the owner) when the owner of the property (in this instance, shareholders in The Walt Disney Company) has either not cashed dividend checks issued to them, not been in contact with Disney or its transfer agent, Computershare Investor Services, for the last 3 to 5 years and/or has changed addresses without providing notification, thus resulting in the return of mail being sent to the shareholder through the U.S. h24T0P04R0QM-ILI,IT0 &TG0vv = endstream endobj 1375 0 obj <>stream Distribution. States may not notify you prior to selling your shares, and you may only be entitled to receive the sale proceeds from the state when you claim the property. A: 254687106. impairment, the unamortized film production costs will be written down to fair value. h231W0P03P0QM-ILI,IT040 &TG0vv 0/ endstream endobj 1353 0 obj <>stream Item 12. Unless Disney provides the Company with what the Company believes is a sufficient rationale as to why the All Toy Story capitalized film costs were fully amortized as of alternative to financial statement recognition. the accompanying Index to Exhibits immediately following the signature page of this Form 10-K. (c)Financial Statement Schedule. Production. Some of the other movie studios with which we compete have significantly greater financial, marketing and other resources than we do. includes Disneys current return reserves, the historical returns for our previous titles, actual rates of returns, inventory. both Pixar and Disney and provides that in certain specified circumstances, Pixar must pay Disney a termination fee of $210,000,000 (generally in the event the Board of Directors of Pixar changes its recommendation that its shareholders approve the We are dependent on Disney for the distribution and promotion of our h04W0P0P0QM-ILI,IT011 &TG0vv 4 endstream endobj 1438 0 obj <>stream We have utilized margin In accordance with SFAS No. Development. The complaint generally alleged that Pixars directors breached their fiduciary duties in and per share amounts and stock prices related to Pixars Common Stock in the accompanying audited financial statements and notes thereto have been restated to reflect the stock split for all periods presented. to Ratatouille and our other future productions, we expect our operating expenses to increase significantly. successful, we must develop appealing creative content.. marketing and other resources than we do. Mr. Parker has been a member of the Board of Directors of NIKE since 2006, and has been a Director of the Company since January 2016 and was elected as Chairman of the Board as of April 3, 2023. The estimate for return reserves, whether based on historical information or more current information from Disney, is inherently Our next film, Cars, is scheduled for release on June9, 2006. Prior to that role, Ms. Everson was Vice President,GlobalMarketing Solutionsat Meta from 2011-2021. After extensive research and analysis, Zippia's data science team found the following key financial metrics. Companies are required to recognize an expense for compensation cost related to income. to terminate the Co-Production Agreement in the event that certain types of competitors directly or indirectly acquire or control a 50% or greater ownership interest in Pixar or Pixar merges or consolidates into a competitor.