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Nemo Dethrones King, Disney Fights Current with Pixar Deal


Nemo Dethrones King, Disney Fights Current with Pixar Deal

Whatever game face they might be putting on over at the Walt Disney Company this morning, inside there’ll be more than a little concern. True, they’ve topped their own record, but at what cost?

This weekend, Finding Nemo became the biggest-grossing animated film of all-time knocking off the previous crown-holder, Disney’s mega-hit The Lion King. But with the acrimonious negotiations between Disney and Nemo-creator Pixar far from complete, this new development will only strengthen Pixar’s hard-line. Currently, Disney and Pixar split the profits from Pixar product. Company head Steve Jobs is looking for a new deal similar to the one George Lucas has with Fox concerning his Star Wars franchise. Under the terms of that deal Fox gets a distribution fee and no cut of the profits.

The $1 million Nemo took in this past weekend brought its domestic box office total to $329.8 million. That passed the $328.8 million The Lion King clawed up between its initial run and last year’s IMAX re-release.

In a related story, The Matrix Reloaded shrugged off its tepid media and fan response of earlier this summer to become the highest grossing film of the year to-date. So far it has grossed $730 million worldwide, boding well for the release of the franchise’s third chapter later this fall.

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