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Technology Stocks : Pixar Animation

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To: steve barneke who wrote (1938)12/8/1998 9:32:00 AM
From: Linda Kaplan  Read Replies (1) of 3261
 
Headline: Disney/Pixar's ''A Bug's Life'' Captures Top Box Office Spot for
Second Weekend in a Row

======================================================================
POINT RICHMOND, Calif.--(BUSINESS WIRE)--Dec. 8, 1998--In its
second weekend of wide release (12/4-6), "A Bug's Life," the
extraordinary computer-animated feature film from Disney/Pixar, once
again captured the top spot at the nation's box office with a
sensational 3-day gross of $17.33 million at 2,701 theaters. This
follows the film's record-setting Thanksgiving weekend opening, in
which it grossed an unprecedented $45,729,516 over the 5-day holiday
period. In just 12 days of release the film's cumulative gross stands
at $68.9 million. A Walt Disney Pictures presentation of a Pixar
Animation Studios (NASDAQ:PIXR) film, "A Bug's Life" was directed by
John Lasseter and co-directed by Andrew Stanton.
"We are thrilled with the continued success of "A Bug's Life",
said Steve Jobs, Chairman and CEO of Pixar Animation Studios.
"Disney's marketing has been extraordinary and audiences of all ages
are enjoying the film."
Richard Cook, chairman of The Walt Disney Motion Pictures Group
commented, "The success of 'A Bug's Life' underscores the great
partnership of the Disney organization and the talented filmmakers at
Pixar. They have created a film that is a joy to watch and provides
great entertainment on many different levels. With a fantastic sequel
to "Toy Story" well into production for release next Thanksgiving and
many other exciting feature projects in the works, we look forward to
a long and prosperous association with Pixar."
Pixar Animation Studios combines creative and technical artistry
to create original characters and stories in the new medium of
computer animation. Pixar created and produced the first
computer-animated feature film, the Academy Award winning "Toy Story",
and in 1997 entered into an equal partnership with The Walt Disney
Company to finance, produce, and distribute five computer-animated
feature films and related products. Pixar's stock is traded on the
Nasdaq National Market under the symbol PIXR.

CONTACT: Pixar Animation Studios
Katherine Singson, 510/620-6276
Bryn Richardson, 510/620-3577
or
Niehaus Ryan Wong Public Relations
David Libby, 650/827-7084

KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED ENTERTAINMENT
INTERACTIVE/MULTIMEDIA/INTERNET PRODUCT

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