Today in Apple history: Pixar makes Steve Jobs a billionaire

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Steve_Jobs_2007
The start of Jobs' professional turnaround.
Photo: Ben Stanfield/Flickr CC

Nov29November 29, 1995: Capitalizing on the success of Toy Story, Pixar floats 6.9 million shares on the stock market. The IPO makes Steve Jobs, who
owns upward of 80 percent of the company, a billionaire for the first time.

After the windfall, one of the first people Jobs calls is his friend Larry Ellison, already a member of the billionaire’s club.

“Hello, Larry?” Jobs tells his friend on the phone. “I made it.”

Hulu’s live TV stream will deliver ESPN, Disney and Fox

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The new Hulu will launch next year.
The new Hulu will launch next year.

Hulu scored two new partnerships for its upcoming streaming TV service that it plans to use to help cable subscribers finally cut the cord.

Both Disney and 21st Century Fox have agreed to be part of Hulu’s skinny bundle that will allow customers to stream live TV from at least two of the top networks in the US for a monthly fee.

Apple approached Time Warner about possible acquisition

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Apple TV might get exclusive TV shows.
Buying Time Warner would be great for Apple TV.
Photo: Apple

AT&T isn’t the only company interested in acquiring HBO’s parent company Time Warner Inc.

Apple executives approached the company about a potential merger a few months ago, according to a new report that claims the iPhone-maker is keeping a close eye on Time Warner’s advanced acquisition talks with AT&T.

Apple’s hardline negotiating tactics stalled TV expansion

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apple tv and siri remote
An Apple TV streaming service will probably never come.
Photo: Ste Smith/Cult of Mac

The tough negotiating tactics made famous by former Apple CEO Steve Jobs are starting to hurt the company in the era of Tim Cook, according to a new report that reveals the company’s planned TV service failed to launch as a result.

Eddy Cue, Apple’s senior VP of internet software and services, supposedly angered TV industry execs more than any other Apple employee during the negotiations with companies such as Disney and Time Warner.

Barista shuts down Tim Cook’s request to use Apple Pay

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Tim Cook greeting the people on his way to breakfast.
Tim Cook greeting the people on his way to breakfast.
Photo: Drew Angerer

Apple CEO Tim Cook has spent the past few days hanging out with the biggest figures in tech and media during the Sun Valley Idaho conference, but apparently not everyone in town has heard of Tim’s preferred way to pay for coffee.

During a visit to a local coffee shop, Cook reportedly tried to use Apple Pay which allows iPhone and Apple Watch owners to make transactions wirelessly. Even though the tech debuted two years ago, Tim ran into a roadblock when he busted out his iPhone to take care of the check.