Steve Jobs’ widow cuts Disney stake in half

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Laurene Powell Jobs is now the fourth-largest Disney shareholder.
Photo: Carl Banks/Disney

While he was alive, Steve Jobs was Walt Disney’s single largest shareholder, courtesy of his role running Pixar, the company which transformed him into a billionaire. (No, it wasn’t Apple!)

However, it seems that Jobs’ family aren’t holding onto their largest stakeholder position, as Jobs’ widow Laurene Powell Jobs has since cut her stake in Walt Disney in two.

Today in Apple history: Pixar makes Steve Jobs a billionaire

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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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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.

Disney CEO is totally in love with Apple TV

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Apple TV 4 brings iOS apps to the big screen.
Apple TV 4 brings iOS apps to the big screen.
Photo: Apple

Amazon, Google and Roku are all battling to win over your TV, but according to the Disney CEO Bob Iger, the new Apple TV tops them all, not only because it’s great for consumers, but also because it’s a win for content creators.

“One of the most important things that the industry needs to do is demand a better user experience,” Bob Iger told Bloomberg in an interview this morning. “The Apple TV box and the interface that it provides is the best user experience I’ve seen ever for television users.”

Watch Bob gush about Apple’s new box below:

iPad Pro meets the mouse during Disney test drive

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Animators are raving about the iPad Pro.
Animators are raving about the iPad Pro.
Photo: Apple

Apple gave Disney’s animators an early look at the iPad Pro with its accompanying pressure-sensitive Apple Pencil, and based on to the teams initial reactions, they’re in love.

“Let’s order a bunch,” said Disney Product Manager Paul Hildebrandt at the end of his brief hands-on with the iPad Pro. Disney’s artists got a preview of the iPad Pro’s drawing capabilities with apps like Pro Create and FiftyThree’s Pencil app that are both optimized for the iPad Pro, and they’re raving about the device’s sensitivity and palm rejection technology.

Check out some of the sketches Disney’s artists created during the demo: