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LOS ANGELES (AP) - The Walt Disney Co. and Pixar Animation Studios Inc. have agreed to extend their current distribution agreement to include Pixar's 2007 release, "Ratatouille," a deal that will be moot if Disney's proposed acquisition of Pixar closes this summer as expected.
The two companies negotiated what amounts to a one-picture extension as a fail-safe measure in case the acquisition doesn't happen.
"This is a deal that Disney and Pixar negotiated independent of the proposed merger to handle the distribution of 'Ratatouille' until such time as the transaction closes," Pixar said Thursday in a statement.
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