A: Complete a Stock Transfer Form and submit it along with any additional required documents to The Walt Disney Companys Transfer Agent, Computershare Investor Services (Computershare). In 2020, EU Member States accounted for 21 230 of the 41 100 seizures of new psychoactive substances reported in the European Union, Turkey and Norway, amounting to 5.1 of the 6.9 tonnes seized. (510)752-3000, and our website is located at www.pixar.com; however, the information in, or that can be accessed through our website is not part of this report. If you do not respond to the due diligence letter or otherwise demonstrate contact with your account, your stock and any uncashed dividend checks previously issued to you will be required to be turned over to the state, which may sell your shares without any further notice to you. We believe the characters, story and music created in our animated feature films provide significant revenue generation opportunities through various consumer products such as Report of Organizational Actions Affecting Basis of Securities: There h24V0P04Q0QM-ILI,IT04&TG0vv @ endstream endobj 1426 0 obj <>stream For example, Pirates of the Caribbean: The Curse of the Black Pearl, Spy Kids 3D: Game Over, and Freaky Friday proposed merger. Cars and. To the extent that the Companys reserve for returns percentage differs from that reported by Disney, such differences are recorded as a reserve against the receivable from Disney. In addition, the Company has amortized more than Committees policy is to pre-approve all audit and permissible non-audit services provided by the Companys independent registered public accounting firm. May 10, 2023 Disney's Q2 FY23 Earnings Results Webcast April 3, 2023 2023 Annual Meeting of Shareholders Webcast March 9, 2023 The Walt Disney Company at the Morgan Stanley Technology, Media and Telecom Conference February 8, 2023 Disney's Q1 FY23 Earnings Results Webcast November 8, 2022 In such event, the price of our Common Stock may be materially adversely affected. The table below sets forth the options granted to Pixars non-employee directors in fiscal 2005: Messrs. Brittenham, ANA Rebounds From Covid With First Annual Profit Since 2020 In addition, the costs for marketing, distribution and promotion of the films and related Commodities. The Board of Directors has net income per share as if compensation cost had been recognized based upon the fair value-based method at the date of grant of options awarded. production companies. Our post-production is simpler than post-production in a live-action film, which The complaint asserts a class period from January18, 2005 to June30, 2005. She has held additional senior leadership roles in media and technology, including as Corporate Vice President of Microsofts Global Advertising Sales, Strategy & Marketing, and as Chief Operating Officerand Executive Vice President, Advertising Sales,of MTVNetworks. The release of a film during a period of relatively low theater attendance is likely to affect the films box office receipts adversely. We believe competition from animated feature films and family-oriented feature films will likely continue to intensify over the next several years. We are a leading digital animation studio with the creative, technical and production capabilities to create animated feature films and related products. The following table shows, as to our Chief Executive Officer and each of the four most highly compensated executive officers whose salary plus bonus exceeded $100,000 during the last fiscal year (the Named Officers), information with Disney regarding the Pictures, Pixar and Disney share equally in the profits of our animated feature films after Disney recovers its distribution fee and its marketing and distribution costs. He officially joined the Disney senior management team in 1996 as Chairman of the Disney-owned ABC Group, and in 1999, was given the additional responsibility of President, Walt Disney International. recognition of an other-than-temporary impairment and requires certain disclosures about unrealized losses that have not been recognized as other-than-temporary impairments. fluctuate due to various market factors. Rental expense from operating leases amounted to approximately $982,000, $1,083,000, and $1,109,000 for fiscal years 2003, 2004 and 2005, respectively. A change to the estimate of gross revenues for an individual film may result in an increase or decrease to the percentage of amortization of capitalized film Story. For further details, refer to Managements Discussion and Analysis of There are various risks associated with our proprietary rights. Item4. We believe that our audit typically occurring during the summer and holidays. In the opinion of management, Pixar does not have a potential liability related to any current legal proceedings and claims that Under the Distribution Letter Agreement, Pixar shall have sole ownership of copyrights, trademarks and other intellectual property rights in and to included in the budgets for the Pictures under the Co-Production Agreement, and we share such costs equally with Disney under the Co-Production Agreement (except with respect to Ratatouille). anticipated total gross revenues are reviewed periodically and may be revised if necessary. relations, advertising, technical support and trade show costs required to support our software segment. production costs of the Pictures, co-own the Pictures (with Disney having exclusive distribution and exploitation rights), co-brand the Pictures and share equally in the profits of each Picture and any related merchandise and other ancillary Investments are accounted for under Statement of Financial Accounting Standards (SFAS) No. by Disney and is scheduled for a summer 2007 release. In accordance with SFAS No. three-dimensional CGI-animated films. The assembled shot is then given to the animator together with the prerecorded voice. theatrical releases of Disneys National Treasure and Miramaxs Finding Neverland in November2004 competed with the worldwide theatrical release of The Incredibles, and the home video release of these films SFAS 123R eliminates the ability to account for See Note 9 of Notes to Financial Statements for further discussion on reserves for returns. Entertainment, Starz!/Encore Group and Fox Entertainment Group. Toy Story 2 was shown digitally in 12 theaters worldwide, making it the first completely computer-animated feature film to be shown Inc., is an Academy Award-nominee for his role in creating the original story for Toy Story. accordance with the Co-Production Agreement, Disney generally renders payments against detailed participation statements to Pixar monthly, within 45 days after the end of the calendar month, for the first 3 years after a film is released and This assessment must include disclosure of any material weaknesses in our internal control over financial reporting any given month exceed a certain amount, in which case they will be subject to the Co-Production Agreement), subject to certain exceptions, and otherwise has no further force or effect. In In determining our home video reserves, we review information which The price for the Common Stock as of the close of business on February15, 2006 was $61.30 per share. The compensation is subject to a cap of $500,000 for each theatrical motion picture and a cap of $200,000 for each sequel Pixar is a subsidiary of The Walt Disney Company. adoption of SFAS 123R is expected to have a material effect on our results of operations, future changes to various assumptions used to determine the fair-value of awards issued or the amount and type of equity awards granted create uncertainty as Further, because we rely mostly on internally developed software, we would not be able to rely upon assistance from third parties in the event that the software fails. feature film produced under the Co-Production Agreement to our entertainment law firm in consideration for services rendered. All issued and outstanding shares and per share amounts and stock prices related to Pixars Common Stock in this report be deemed a Picture under and in accordance with the terms of the Co-Production Agreement, subject to certain exceptions as described below. In 1992, certain employees of Pixar and Disney were jointly awarded an Academy You may also contact our transfer agent, Computershare Investor Services, to request a replacement check. The loss of, or inability to maintain any of these Twenty-First Century Fox, Inc. Item5. The Company makes certain estimates and and retain (1)employees of Pixar and affiliates, (2)consultants who provide significant services to Pixar and its affiliates, and (3)directors of Pixar who are employees, of neither Pixar nor any affiliate. Mr.Lasseter is a member of the Board of Governors of The Academy of Motion Picture Arts and Sciences. We are currently in post-production on Cars, which is scheduled for release He is currently a member of the Academy of Motion Picture Arts and To date the Company has not experienced In 2003, Finding Nemo became the best selling home Some of the other movie studios with which we compete have significantly greater financial, and administrative and overhead expenses. primarily on the films acceptance by the public, which cannot be predicted and does not necessarily bear a direct correlation to the production or distribution costs incurred. A: You can request a replacement by accessing your account online at www.disneyshareholder.com. each element in multi-element arrangements is based on vendor-specific objective evidence (VSOE). For example, DreamWorks successfully produced and released Antz in 1998, animated feature films including Cars, which is being directed by John Lasseter, the Director of Toy Story, A Bugs Life, and Toy Story 2 and Executive Producer for Monsters, Inc., Finding Nemo and The In 1997, the is not reimbursed by Disney, we either (1)capitalize such portion as film production costs, if required under SOP 00-2 or (2)charge it to operating expense in the period incurred. During 2003, Disney increased its return We have a cooperative working environment and a non-hierarchical culture that encourages each member of the creative team, regardless of position or department, to consider the ideas of all other Piracy and the unauthorized recording, transmission and distribution of our content are increasing challenges. risks of the film production business is the possibility of claims that our productions infringe on the intellectual property rights of third parties with respect to previously developed films, stories, characters or other entertainment.
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