Pixar Animation Studio has released its fourth-quarter financial results, declaring 2005 its most profitable year ever. The Emeryville, Calif.-based animation studio earned $152.9 million on revenues of $289.1 million, compared to earnings of $141.7 million on revenues of $273.5 million for the year ended January 1, 2005.
Pixar CEO Steve Jobs comments, “With the proposed merger of Pixar and Disney, this will likely be our last report as an independent public company, and I’d like to thank every Pixar shareholder for their support over the past decade in helping us build this amazing company.”
Pixar’s record year was driven by revenues from two major animated blockbusters. The Incredibles brought in $151.7 million from worldwide home video and consumer products licensing, while Finding Nemo continued to reel in the cash with $58.3 million from home video, worldwide television and consumer products licensing.
Approximately 23% of Pixar’s total film revenues for the year were generated from library titles, which contributed $63 million from home video, television and licensing. Software licensing kickd in another $14.4 million. In the fourth quarter, the company’s back catalog earned approximately $19.1 million, largely due to the domestic DVD re-release of Toy Story 2 and the international DVD re-releases of Toy Story and Toy Story 2.
More information regarding Pixar’s fourth-quarter results will be available through the company’s 2005 annual report on Form 10-K, accessible at http://corporate.pixar.com/edgar.cfm. The studio’s latest CG-animated feature, Cars, will be released by Disney on June 9, followed by Ratatouille in the summer of 2007.
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