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| Type | Public (NASDAQ: PIXR) |
| Founded | December 9, 1985 |
| Location | Emeryville, California, USA |
| Key people | Steve Jobs, Chairman/CEO Ed Catmull, President John Lasseter, Vice President, Creative |
| Industry | CGI animation |
| Website | pixar.com |
Pixar Animation Studios NASDAQ: PIXR is an award-winning computer generated imagery (CGI) animation firm based in Emeryville, California (USA).
Though best known for its production of computer-animated feature films, Pixar also develops and markets high-end 3D computer graphics technology. Most notably, Pixar is the developer of the industry-standard rendering software RenderMan, which is used to generate high-quality, photorealistic images.
Pixar was founded as the computer division of Lucasfilm. It was purchased by current Apple Computer CEO Steve Jobs and the employees of the division for US$10 million in 1986, thereby establishing itself as an independent company. The sale reflected George Lucas' desire to see Pixar succeed on its own; within Lucasfilm, Pixar had long been overshadowed by Industrial Light & Magic, the world-famous Lucasfilm group focused on special effects. The newly independent company was headed by Dr. Edwin Catmull, President and CEO, and Dr. Alvy Ray Smith, Executive Vice President and Director. Jobs served as Chairman of the Board.
Initially, Pixar was a high-end hardware company whose core product was the Pixar Image Computer, a system which was primarily sold to government agencies and the medical community. The Image Computer never sold well. In a bid to drive sales of the system, Pixar employee John Lasseter began creating short animations, such as Luxo Jr., to demonstrate its power. His creations premiered at SIGGRAPH, the computer graphics industry's largest convention.
As poor sales of Pixar's computers threatened to put the company out of business, Lasseter's animation department began producing computer-animated commercials for outside companies. Early successes included campaigns for Tropicana, Listerine, and LifeSavers. During this period, Pixar began a relationship with Walt Disney Feature Animation, a studio whose corporate parent would ultimately become its most important partner. Pixar was a key technical participant in the development of Disney's CAPS, a computer-assisted animation post-production software system. In 1991, after substantial layoffs in the company's computer department, Pixar made a $26,000,000 deal with Walt Disney Studios to produce computer-animated feature films, the first of which was Toy Story. Pixar was re-incorporated on December 9, 1995.
All of Pixar's major features thus far have been made in collaboration with Walt Disney Pictures. All aspects of production, including writing, development, animation production, and post-production, have been handled in-house by Pixar, while production costs have been split between the two companies. Disney has handled all aspects of distribution and has borne all costs related to distribution and promotion. In 1997, after the release of Pixar's first feature-length film, Toy Story, the two companies signed a 10-year, 5-picture deal evenly splitting production costs and profits on subsequent movies. Reflecting the media giant's clout at the time the agreement was signed, Disney alone retained rights to the films and characters. In addition, Disney collects 10 to 15 percent of each film's revenue as a distribution fee. [1]
The arrangement has been very profitable for both companies. Pixar's five feature films have collectively grossed more than $2.5 billion, equivalent to the highest per-film average gross in the industry. Pixar and Disney's distribution and financing relationship is scheduled to end in 2006 after the release of the film Cars. Contentious negotiations to extend the relationship have been ongoing for more than two years. After a lengthy hiatus, talks recently resumed following the departure of Chairman and CEO Michael Eisner from Disney.
Pixar and Disney have had ongoing disagreements since the production of Toy Story 2. Originally intended as a straight-to-video release (and thus not part of Pixar's five picture deal), the film was upgraded to a theatrical release during production. Pixar demanded that the film then be counted toward the five picture agreement, but Disney refused.
The two companies attempted to reach a new agreement in early 2004. The new deal would be only for distribution, as Pixar intended to control production and own the resulting film properties themselves. As part of any distribution agreement with Disney, Pixar demanded control over films already in production under their old agreement, including The Incredibles and Cars. More importantly, Pixar wanted complete financial freedom; they wanted to finance their films on their own and collect 100 percent of the profits, paying Disney only the 10 to 15 percent distribution fee. This was unacceptable to Disney, but Pixar would not concede.
Pixar is currently looking for a new company to distribute its films, and many other firms are eager suitors. Disney retains the rights to all films under the five picture agreement and can make sequels to them. It has begun production of Toy Story 3, without Pixar's involvement. As of December 2005, Pixar has yet to reach an agreement with another party since most other distributors have also found the terms unacceptable.
Robert Iger, the president and new CEO of the Walt Disney Company, has resumed talks with Steve Jobs, stating he hopes the two companies can find "common ground." It has also been rumored that either Disney or Pixar delayed the release of Cars from its original 2005 release date in order to buy time to negotiate after Eisner left Disney.
On January 24, 2006, Disney announced that it had agreed to buy Pixar for around $7.4 billion in an all-stock deal. The deal makes Steve Jobs Disney's largest individual shareholder. Jobs originally purchased 50 percent of the company for US $10 million.
Today, Jobs continues in his role as chairman, and is also the company's CEO. Catmull remains president. Lasseter —a two-time Academy Award-winning director and animator— oversees all of the company's projects as Executive Vice President of the Creative Department. Other notable members of the executive team are Sarah McArthur (Executive Vice President of Production), Simon Bax (Executive Vice President and CFO), and Lois Scali (Executive Vice President and General Counsel).
A movie called Ray Gun was rumored to be released by Pixar in 2007, but latest reports indicate that this will be a 2D feature which Pixar has no interest in developing. Currently Warner Brothers owns the rights to develop this film.
There are several things that Pixar puts in every one of their feature films.
John Ratzenberger (most widely known as the character Clifford Clavin from the television sitcom Cheers) is always a character voice, referred to by the studio as their "good luck charm". The following is a list of his roles in the first seven Pixar movies:
He also voiced a character in the English dub of Spirited Away, overseen by John Lasseter. Actor Wallace Shawn also appears in multiple Pixar Films.
Despite his recurring role as Hamm in the Toy Story movies, it is known that John is more loyal to Pixar than the movie series, as he has refused to play Hamm in Toy Story 3.
Every Pixar film has included cameo appearances of characters or objects from their other movies or short films.
Examples:
Similar to George Lucas' 1138, the letter-number sequence A113 is an animation in-joke which appears in all Pixar films to date. It is a reference to one of the room numbers at CalArts (where several of the employees are alumni).
The Pizza Planet Truck which featured prominently in Toy Story appears in each of the Pixar films. The truck is noticeable for only showing the letters "Yo" (the only letters left from the car's brand; "Gyoza", not "Toyota" as is commonly thought.) Examples:
The Pixar teaser trailers since A Bug's Life consist of footage created specifically for the trailer, spotlighting certain central characters in a comic situation. Though similar scenes and situations may appear, these sequences are not in the films being advertised, but instead are original creations.
Examples:
In an homage to Ray Harryhausen, stop motion animation pioneer and designer of countless cinematic monsters, the restaurant in Monsters, Inc. is named "Harryhausen's."
| Pixar |
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| Feature Films |
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Toy Story (1995) - A Bug's Life (1998) - Toy Story 2 (1999) - Monsters, Inc. (2001) - Finding Nemo (2003) - The Incredibles (2004) - Cars (2006) - Ratatouille (2007) |
| Short Films |
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Luxo Jr. (1986) - Red's Dream (1987) - Tin Toy (1988) - Knick Knack (1989) - Geri's Game (1997) - For the Birds (2000) - Mike's New Car (2002) - Boundin' (2004) - Jack-Jack Attack (2005) - One Man Band (2005) |
| See Also |
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The Adventures of André and Wally B. (1984) - Toy Story 3 (2007) |