No, Disney and Pixar have always been separate companies. Disney served as Pixar's distributor with a share of bocx-office and merchandizing profits. The film due out this summer, CARS, is the last that was to be made under the old contract. For the past two years, there has been an on again-off again discussion to write a new deal or go their separate ways. It will be interesting to see what develops out of this purchase. It may be just the thing to really give Disney a needed shot in the arm.