The combination of Pixar and Walt Disney is going well, according to Disney Studios chairman Dick Cook. Cook told Reuters that the integration of the two companies is going "better than we had ever dreamed it would".

Disney is acquiring Pixar in a $7.4 billion stock deal that brings Apple and Pixar CEO Steve Jobs to Disney's board of directors. Once the deal is done, the combined firm aims to release two animated movies each year - one from Pixar, another from Disney.

Disney CEO Bob Iger spoke up to stress his company's intention to explore the opportunities of legitimate distribution of movies using the internet.

He told Reuters: "I remain rather sobered by the experience that the music industry had. The bottom line is that they were not in tune with what their customers wanted, and what the world was demanding of them. And I think it hurt them significantly."