I would have preferred that Pixar create its own distribution company and compete with the industry as a full-fledged stand alone player—but this possible buyout by Disney may be the next-best thing. (The worst scenario would've been for Pixar's films to be distributed by another studio—Universal, Sony, or heaven forbid, Warner Bros.). Disney may be buying Pixar—but Pixar will be running the show—at least creatively, from the feature animation point of view. The optimist in me is delighted to have a visionary (Jobs) emerge as Disney's largest stock holder. An innovative risk taker and business leader, Jobs could truly reinvigorate the studio. The optimist in me is thrilled that an animator (Lasseter) will likely be head of Feature Animation. With a proven love of the medium, and as a skillful filmmaker himself, Lasseter will no doubt push the studio forward and, at the same time, surely find a place for traditional (hand-drawn) animation at the studio that mastered it for so long.
There is an opportunity here for an incredible Disney renaissance—as the creative reigns are handed, for once, to the right people at the right time. In this age of big corporations (and Disney is one of the biggest) and "bottom line" thinking, it's easy to see how this can all go wrong. But I think the pieces are in place for an exciting new era in animation. At least, I hope so.