Simplify the following text for a Grade 8 native English-speaking person.
Original: After extensive negotiations and much media and industry speculation , on March 30 , 2005 , Disney and the Weinsteins announced that they would not renew their contractual relationship when their existing agreements expired at the end of September 2005 .
Simplified: On March 30 , 2005 , Disney and the Weinsteins said that they would not renew their contract when their current one expired at the end of September 2005 .