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PIXAR DUSTPixar felt the magic Feb. 24 when Disney cut a 10-year, five-film deal with the Toy Story animator. Investors raised Pixar's stock 49%, to $21. Under the deal, Pixar will share production costs but get half the profits from film and merchandise--up from the 10% it got for Toy Story. That has CEO Steve Jobs feeling like a kid again. When Pixar shares hit $40 after the 1995 IPO, he was a paper billionaire--briefly. Before the Disney deal, Pixar traded at about $14. Now his 78% stake is worth $600 million.
EDITED BY KELLEY HOLLAND
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Updated June 15, 1997 by bwwebmaster
Copyright 1997, Bloomberg L.P.
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