Losing Nemo: Pixar parts ways with The Disney Company

Pixar Animation Studios Inc. said Today it has ended talks with Walt Disney Co. to extend a five-picture deal for Disney to distribute Pixar films.

Pixar said it would begin talks with other companies to distribute its films starting in 2006.

“After ten months of trying to strike a deal with Disney, we’re moving on,” Pixar CEO Steve Jobs said in a statement. “We’ve had a great run together — one of the most successful in Hollywood history — and it’s a shame that Disney won’t be participating in Pixar’s future successes.”