Pixar Animation Studios' revenues for the first quarter were $3.4 million
compared with $5.0 million in the first quarter of 1998. Net income for the
first quarter was $900,000 compared with $3.8 million for the first quarter
of 1998. Diluted earnings per share for the first quarter were $0.02
compared with $0.08 for the first quarter of 1998.


A BUG'S LIFE has earned $162 million in domestic box office receipts and
$190 million in international box office receipts, totaling $352 million
and approaching Toy Story's global box office receipts of $354 million. A
Bug's Life has now become one of the top five grossing animated films of
all-time. First quarter revenues include a small amount of royalties from A
Bug's Life interactive products. Under the co-production agreement with The
Walt Disney Company, Pixar's profit sharing from A BUG'S LIFE will commence
upon Disney's recovery of all marketing and distribution fees and costs.
Upcoming film releases include TOY STORY 2, which is targeted for
release this November and Pixar's fourth film, which is currently
targeted for release in summer 2001.