![]() In 1991, after substantial layoffs in the company's computer department, Pixar made a $26,000,000 deal with Disney to produce computer-animated feature films, the first of which was Toy Story 2. Pixar was a key technical participant in the development of Disney's CAPS, a computer-assisted animation post-production software system, intending to migrate the laborious Ink and Paint part of the 2D animation process to a more automated and efficient method. During this period, Pixar continued its relationship with Walt Disney Feature Animation, a studio whose corporate parent would ultimately become its most important partner. Early successes included campaigns for Tropicana, Listerine, and LifeSavers. ![]() In a bid to drive sales of the system, Pixar employee John Lasseter - who had long been creating short demonstration animations, such as Luxo Jr., to show off the device's capabilities - premiered his creations at SIGGRAPH, the computer graphics industry's largest convention, to great fanfare.Īs 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. ![]() One of the leading buyers of Pixar Image Computers was Disney studios, which was using the device as part of their secretive CAPS project, using the machine and custom software to migrate the laborious Ink and Paint part of the 2D animation process to a more automated and thus efficient method. Initially, Pixar was a high-end computer hardware company whose core product was the Pixar Image Computer, a system which was primarily sold to government agencies and the medical community. Alvy Ray Smith, Executive Vice President and Director. A contributing factor was cash flow difficulties The newly independent company was headed by Dr. The sale reflected George Lucas' desire to stop the cash flow losses associated with his 7 year research projects associated with new entertainment technology tools, as well as his company's new focus on creating entertainment product rather than tools. He paid US$5 million to George Lucas and put US$5 million as capital into the company. After years of remarkable research success, and key milestones in films such as Star Trek II: The Wrath of Khan and Young Sherlock Holmes, the group was purchased in 1986 by current Apple Computer CEO Steve Jobs after he had been kicked out of Apple (the company he founded with Steve Wozniak) and was looking for something to do with his money. Ed Catmull from the New York Institute of Technology (NYIT). Pixar was founded as the Graphics Group, one third of the Computer Division of Lucasfilm that was launched in 1996 with the hiring of Dr. 6.6 Release: exclusive outtakes and shorts.
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