Definition of Irony: Steve Jobs' Trust gets richer from sales of DROID branded phones

Definition of Irony: Steve Jobs' Trust gets richer from sales of DROID branded phones
Steve Jobs threatened a "thermonuclear war" to destroy the Android platform, which he considered a "stolen product". Yet, in an ironic turn of events, the Steve P. Jobs Trust managed by his wife could make money from the sale of each Android flavored Motorola DROID branded phone. How did this happen? When Steve Jobs helped arrange the sale of Pixar to the Walt Disney Company on January 24th 2006, the $7.4 billion deal was an all-stock transaction. Jobs' Pixar holdings were converted into Disney shares, leaving him with 7.7% ownership of the Burbank company. That meant that Steve Jobs was the largest individual shareholder of Disney.

Disney now owns the DROID name

Disney now owns the DROID name

After Jobs' death, his shares were transferred to the Steven P. Jobs Trust which is managed by Jobs' wife. The Trust is now the largest individual owner of Disney shares. Disney, as you might have heard, has purchased Lucasfilm for $4.05 billion. Back in 2009, George Lucas had made a deal with Verizon for the use of the DROID name. This is why overseas versions of the same Motorola phones do not use the DROID moniker. On most ads or documents related to a Motorola DROID phone, you will see the statement "DROID is a trademark of Lucasfilm Ltd. and its related companies. Used under license."

So what does this all mean? It means that Disney will now get the licensing fees and royalties from Verizon for using the DROID name which could result in a higher stock price. And who benefits the most from a higher price for Disney shares? That would be the company's largest shareholder, the Steve P. Jobs Trust. Despite his deep and profound hatred of the platform, sales of Motorola DROID handsets could make Steve Jobs richer. That is irony. Of course, Jobs can't spend a penny of this windfall which is another irony, albeit a sadder one.

source: Forbes

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35 Comments

2. Savage unregistered

Haha, Classic. Maybe this will prompt Apple to stop suing Android makers. Or likely not, as Apple cares about making more money for itself rather than some Ex-CEO's trust.

10. wendygarett unregistered

Apple and Steve job concern more on profit, they will be stakeholder of the Disney, get droid trademark, and then invest on lawsuit, to taunt consumer to get droid to show madness towards Apple, hence the money coming... You should know Apple is a very evil company when it come to money :)

13. HäckeMáte

Posts: 168; Member since: Feb 28, 2012

Shut up wendy

27. techytechtech

Posts: 33; Member since: Oct 10, 2012

homeboy is killing competition even while 6 feet deep getting decomposed. now that you dont see everyday. jobs I salute you for your money making strategies. what surprises me is why you didnt go in charity and stuff. cause man o man i think he could have killed poverty lol

3. MeoCao unregistered

If jobs were alive he would write a memoir: "How I wanted to bite the hand that feeds me" :).

5. Hemlocke unregistered

The miniscule amount he would make from that licensing, especially given the relatively poor sales of Droid-branded devices, is nothing compared to what he made off Pixar.

7. Sniggly

Posts: 7305; Member since: Dec 05, 2009

Poor sales, eh? The monthly numbers from the Razr Maxx outselling the iPhone beg to differ.

11. jroc74

Posts: 6023; Member since: Dec 30, 2010

Exactly. The Droid 1, Droid Incredible, Droid X1, RAZR family has been among Verizon hottest sellers. What is he talking about?

26. Reluctant_Human

Posts: 910; Member since: Jun 28, 2012

that a liscensing fee is a lot smaller than huge amount of money he made off Pixar and technically under the same umbrella of the Pixar deal.. As I'm writting I'm starting to realize how much that comment made no sense..

33. InspectorGadget80 unregistered

because the RAZR HD AND MAXX HAVE THE BEST BATTERY LIFE than any other phone which i say MOTOROLA needs to put their phones on every carrier

6. JcHnd

Posts: 243; Member since: Apr 30, 2012

I guess that's why most new motorola phones are RAZR now, I haven't seen any new DROID phones recently

12. jroc74

Posts: 6023; Member since: Dec 30, 2010

The RAZR's on Verizon are Droid phones. Since the Droid Incredible, Verizon has put Droid in front of names for some phones. Only the Motorola Droid phones with the hard keyboards have Droid as the whole name. Can probably count the Droid X as the whole name being Droid.

28. JcHnd

Posts: 243; Member since: Apr 30, 2012

Well then I don't get this whole crap, thank you! :)

8. pikapowerize

Posts: 1869; Member since: May 03, 2012

haha... irony at its best!! maybe android fans of verizon wont buy a droid phones now, coz that awkward moment that you are feeding your enemy!

17. kanagadeepan

Posts: 1189; Member since: Jan 24, 2012

No Dear... We are NOT as mad as apple for MONEY.. So we will continue to buy , what we like...

20. rusticguy

Posts: 2828; Member since: Aug 11, 2012

Guys on this side of fence have what is known as "Brain & Heart". So don't expect such things to happen in wildest dreams. For that to happen it needs "Fanatacism" of Apple and their flock :)

9. Bluesky02

Posts: 1439; Member since: Dec 05, 2011

Motorola so far have been targeting its phone for male geek audience. Their branding and phone design show the market they are targeting and trust me don't be surprised to see Motorola losses. They need to make phone for everyone, not the same geeky branding and look all over.

14. aoikemono27

Posts: 177; Member since: Feb 27, 2012

Jesus christ, how many degrees of separation is that? You could give Fox News and their attempts to link Obama to Soviet communists a run for their money.

18. rusticguy

Posts: 2828; Member since: Aug 11, 2012

Isn't this better and befits a civilsied world order rather than IPHONE Vs IFONE recently?

25. Aeires unregistered

Good, maybe now the term "Droid" will die. It's Android, not Droid.

30. downphoenix

Posts: 3165; Member since: Jun 19, 2010

So basically you are feeding apple now if you buy a verizon DROID phone? Hilarious!

34. InspectorGadget80 unregistered

Then Verizon should change it's DROID name before APPLE cough up it's profits

* Some comments have been hidden, because they don't meet the discussions rules.

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