ESPN Cripes source ESPN News article Disney’s Walt Disney Animation Studios is planning to acquire the animation studio Pixar, a source close to the negotiations said.
The Disney acquisition is expected to close in the first half of next year.
The acquisition would bring the two companies closer together, according to the person familiar with the matter.
The announcement comes as Pixar has been criticized by many for having a hard time making its animated films, which are often criticized for lacking strong female leads.
Disney’s animated films are considered some of the most successful and critically acclaimed in the company’s history.
The deal would give Disney a massive platform to sell animated films across the world.
It would also be a huge coup for Pixar, which has had an outsized influence on Disney films such as Frozen, which received critical acclaim and earned $1.6 billion in global ticket sales last year.
The acquisition would give Pixar control of Disney’s animation studios, the source said.
Pixar has had a difficult time making movies since its debut in 2008, when it produced two films that were critical hits.
The two films made nearly $1 billion worldwide.
The third film, Monsters University, was a box office flop.
A Pixar spokesperson did not immediately respond to a request for comment.