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Pixar reports financial results; shopping for new partnership

Pixar, the animation studio headed by Apple CEO Steve Jobs, today reported financial results for its fourth quarter and fiscal year ended December 28, 2002. For the quarter, Pixar earned US$17 million, or $0.31 per diluted share, on revenues of $39.4 million. For fiscal 2002, the company earned $90 million, or $1.68 per share, on revenues of $201.7 million. “2002 was the most financially successful year in Pixar’s history, driven by the phenomenal success of Monsters, Inc. and our growing film library,” said Jobs. “Our next film, Finding Nemo, may be Pixar’s best film to date.” Also of note, the Los Angeles Times [free subscription required] reports that Jobs has begun preliminary talks with executives from Hollywood studios interested in a partnership should Pixar’s distribution deal with Walt Disney fall through.

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