How Disney Saved Itself: Buying Other Studios

“On his second day on the job as chief executive, Robert Iger steeled himself for a crucial presentation to the Walt Disney Co. board of directors. … At the Oct. 2, 2005, board meeting, Iger floated an idea that would become a hallmark of his tenure. He made a risky, even audacious, proposal: What if the company bought Pixar Animation Studios?”