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Walt Disney
The largest media conglomerate in terms of revenue
Leader in the American animation industry
Operates as five primary units and segments
Walt Disney Company
Walt Disney
Studios
Parks &
Resorts
Consumer
Products
Media
Networks
Interactive
Walt Disney Studios
Motion Pictures
Walt Disney Studios
Home Entertainment
Walt Disney
Animation Studios
Pixar
Animation Studios
Distribution
Company
Animation
Studio
Pixar
Originally graphic group of Lucas film
Steve Jobs bought Pixar and technical rights
Used to be high-end computer hardware co.
Short animations were made to show off device’s capabilities
Luxo Jr.(1986), TinToy(1988), Geri’s Game(1998)
Disney & Pixar
1991 3-movie Feature Film Agreement
1997 10year 5-movie Co-production agreement
Monster’s inc. Finding Nemo, The Incredibles, Cars, Ratatouille
Toy Story, A Bug’s Life, Toy Story 2
1986 Developed CAPS(ComputerAnimatedProductionSystem)
The Rescuers Down under, The Lion King etc.
“Pixar should not go ALONE”
<Internal New Ventures> Strategy
“Pixar should not go ALONE”
PRODUCTION
COMPANY
DISTRIBUTION
COMPANY
AND
“Pixar should not go ALONE”
Inherent Limitation as a
Hardware Producing Company
“Pixar should not go ALONE”
“Pixar Image Computer”
“Luxo Jr.”
“Pixar should not go ALONE”
Corporation Culture and
Human Resource Policies
“Pixar should not go ALONE”
“Pixar should not go ALONE”
Small Number of
Employees
Creative, Participating
Working Environment
“Pixar should not go ALONE”
Advertisements Using
Numerous Channels
Social Network Services
“Pixar should not go ALONE”
Limitation Regarding
Pixar Target Consumers
“Pixar should not go ALONE”
Brand Reputation?
For KIDS?
“Pixar should not go ALONE”
Value Rarity Inimitability Substitution
Pixar
Animation O O O X?
“Pixar should not go ALONE”
Pixar as a Film Making
Company
“Pixar should not go ALONE”
After Pixar released its animation ‘Toy story’,
IPO followed which makes
them gather more capitals.
“Pixar should not go ALONE”
5%
0%
95%
0%
Revenues in 2004
Software Animation Services
Film Patent Licensing
0
50
100
150
200
250
300
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
$millions
Revenues in Pixar
Software
Animation
Services
Film
Patent Licensing
“Pixar should not go ALONE”
0
100
200
300
400
500
600
$millions Animated Film Performance
U.S.box
International Box
“Pixar should not go ALONE”
Inbound
Logistics
Operations
Outbound
Logistics
Marketing
&Sales
Service
Firm Infrastructure
Human Resource Management
Technology Development
Procurement
Support
Activitie
s
Primary Activities
“Pixar should not go ALONE”
Industry
Growth
Rate
Relative
Market Share
High
Low
Low High
Parks &
Resorts
Fil
m
Question Marks Stars
Cash CowsDogs
Consume
r
Products
“Pixar should not go ALONE”
“No Disney? How About……”
66%
18%
8%
3%
5%
CJ CGV revenues (2013)
Ticket sales
pop-corn sales
Advertisement
sales
Equipment
sales
“No Disney? How About……”
35%
21%
41%
3%
Warner Bros Revenue (2011)
Subscription
Advertising
Content
Other
“No Disney? How About……”
28%
15%
28%
27%
2%
21 Century Fox, Inc. Revenue (2011)
Affiliate
Subscription
Advertising
Content
Other
“No Disney? How About……”
78%
12%
8%
2%
DreamWorks Animation SKG Inc.
Revenues(2013)
Feature Films
Television Series
and Specials
Consumer
Products
All Other
“No Disney? How About……”
66%
18%
8%
3% 5%
CJ CGV revenues
(2013)
Ticket sales
pop-corn sales
Advertisement
sales
Equipment sales
etc
35%
21%
41%
3%
Warner Bros Revenue
(2011)
Subscription
Advertising
Content
Other
78%
12%
8%
2%
DreamWorks Animation SKG
Inc. Revenues(2013)
Feature Films
Television Series
and Specials
Consumer Products
All Other
28%
15%
28%
27%
2%
21 Century Fox, Inc.
Revenue (2011)
Affiliate
Subscription
Advertising
Content
Other
“No Disney? How About……”
“Disney should AQUIRE Pixar”
<Acquisition> Strategy
“Disney should AQUIRE Pixar
Mutual Supplementation
Weakness
Weakness
Weakness
Weakness
“Disney should AQUIRE Pixar
Strengths Weakness
•Loyal customers
•Effective communication
•Market share
leadership in 3D
animation filed
•10 years of
proprietary software
system
•High value of employees(most of them held PhD)
•Long Development Time Needed for Movies
•Poor supply
chain
•No distribution
channel
Opportunity Threats
•Inter national movie audience is growing
•3D animation was rapidly supplanting hand-drawn animation.
•One product failure could be serious set back
•Other animated studios could threaten Pixar
•Digital piracy could decrease sales of Pixar movies
“Disney should AQUIRE Pixar
Strengths Weakness
•Lot of movie
Industry knowhow
and experience.
•Many distribution
channel
•Good supply
chain
•Loyal customers
•Lack of CG skills
•Strict company culture
Opportunity Threats
•International movie audience is growing •Other animated studios could threaten Disney
•Digital piracy could decrease sales of Disney movies
•3D animation was rapidly supplanting hand-drawn
animation.
“Disney should AQUIRE Pixar
Market share leadership in 3D animation filed (1995)
“Disney should AQUIRE Pixar
Distribution channel of Disney
“Disney should AQUIRE Pixar
“Disney should AQUIRE Pixar
“Disney should AQUIRE Pixar
Already too late for catch up
in 3D animation field
New rivals appeared
at the beginning of 21th In CG animation.
• 20th century FOX
•“Ice age”
• 2002
• Box-office profit:
$383,237,136
(in US-176,387,405
Worldwide-206,869,731)
“Disney should AQUIRE Pixar
Rivalry among competitors at the beginning of 21th.
• Katzenberg’s studio
Dreamworks
•“Shrek”
• 2001
• Box-office profit :
$484,409,218
(in US-267,665,011
Worldwide-
6,744,207)
“Disney should AQUIRE Pixar
The failure of 2D film
• Walt Disney
•“Lilo & Stich”
• 2002.06.21
• Box-office profit :
$273,144,151
(in US-145,794,338
Worldwide-127,349,813
“Disney should AQUIRE Pixar
The Pixar’s movie at the beginning of 21th.
• Pixar
•“Monsters, INC”
• 2001.11.02
• Box office profit :
$525,366,597
(in Us-255,873,
Worldwide-269,493,347)
“Disney should AQUIRE Pixar
The Gap is growing bigger and bigger! (2004)
Box-Office Profit
: $103.9mill
Box-Office Profit
: $631.4 mil
Box-Office Profit
: $918.5 mil
“Disney should AQUIRE Pixar
“Disney should AQUIRE Pixar
Threat of Possible New
Alliances
Among Competitors
• Strategic alliance has ended between us
and Pixar. a New alliance can be a threat
of us.
Walt Disney Pixar
DreamWorks
20th Fox
Centuries
“Disney should AQUIRE Pixar
“Disney should AQUIRE Pixar
Unlimited Potential of Pixar
“Disney should AQUIRE Pixar
“Disney should NOT AQUIRE Pixar
<Strategic Alliance> Strategy
“Disney should NOT AQUIRE Pixar
Overestimated Value of Pixar
Generating Too Much Cost
5.9
billion
7.4
billion
“Disney should NOT AQUIRE Pixar
“Disney should NOT AQUIRE Pixar
“Disney should NOT AQUIRE Pixar
Integration Difficulties Resulting
in
Cultural Clash and High
Turnover
Top down
Big bureaucracy
Hierarchical structure
Bottom up
Small number of employees
Horizontal structure
“Disney should NOT AQUIRE Pixar
“Disney should NOT AQUIRE Pixar
“Disney should NOT AQUIRE Pixar

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