The film production industry has grown into one of the biggest and most lucrative industries today. A lot of people have dedicated their mind, body, and soul to the film industry. There have been many people and big names all over the world who have made quite a good living from the film industry.
The film industry started around the early 1900s and has grown gradually ever since. The film industry has not just been growing on its own. The film industry grows along with other industries, such as the technological industry. Technological advancements go hand in hand with the growth of the film industry. The growth of technology gives film production the ability to create anything they wish to create.
With this fact in mind, many people have taken it as an advantage to excel in the film industry. With these improvements, there was the emergence of the animated film industry. The animated film industry grew quite fast, especially with the technological improvements being made.
There were people who invested their minds, time, and money in the film industry. An example of such people was Alexander Schure, whose interest in developing animated films drove him to create Pixar. Pixar has grown to be one of the biggest animated film production companies in the world and has created one of the best-animated films in the world.
Pixar got its start in 1974 when New York Institute of Technology’s (NYIT) Alexander Schure established the Computer Graphics Lab (CGL) recruited computer scientists who shared his ambitions of creating the world’s first computer-animated film. Alexander poured a lot of money into CGL, which landed him some trouble with NYIT.
The few individuals hired by Alexander decided that to make their dreams come true, they needed a real film studio, for which reason they resigned from CGL and ended up in Lucasfilm studios. The team at Lucasfilm worked together to cook something up, and in late 1983, they produced the animated short film, “The Adventures of Andre and Wally B.” Under Lucasfilm, the team was doing some good work in developing animated films such as the beginning of the release of the Star Wars Films.
In 1986, Pixar became an independent company, which was led by Edwin Catmull as president and Alvy Ray Smith as Executive Vice President. The company then sought out to find investors, after being turned down around 45 times, the company went for Steve Jobs, who invested $5 million of his own money.
Unfortunately, the company struggled at the time because of the lack of quality computer software and enough money. At the time, Walt Disney bought Pixar and used its Pixar Image Computer and custom software. In a bid to drive system sales, Jobs suggested making the system available to mainstream users, which led to the company’s largest convention.
The Image Computer did not sell that well, and this drove Jobs to invest more and more of his money in exchange for the company’s stake, which eventually gave him total control over the company.
In 1994, the company was facing some financial issues, but after releasing Toy Story, the company made enough sales to bring the company back to its feet. Pixar and Disney were on bad terms concerning the release of Toy Story 2. The two companies’ relationship continued worsening since Pixar wanted the story, character, and sequel rights, which Disney was not willing to give up.
On January 25, 2006, Disney completed the acquisition of Pixar for $7.4 billion. This acquisition of Pixar catapulted Jobs to Disney’s largest individual owner, with 7% of the company’s shares. Although Jobs lost his position as CEO of Pixar, he still landed a position at the Board of Directors’ table at Walt Disney.
With Pixar under the wing Disney, the company went on to achieve remarkable success. To maintain the company’s name and entity, it was decided that Pixar and DisneyToons Studios should run things on their own. If Pixar had issues, they were to sort them out on their own without any help from DisneyToons. The merging of the two companies was very successful. Pixar’s creations were being successfully marketed by Disney, and Disney, on the other hand, was gaining a lot of profits, especially from the animation sector.
Awards & Achievements
Pixar has really revolutionized the animation film industry by pushing the boundaries to make their mark in the film industry. The company was a flag bearer on so many occasions. They have made amazing films that have been box office bestsellers. For the incredible films that they have created and produced, they have managed to win 20 Academy Awards, 8 Golden Globe Awards, 11 Grammy Awards along with many other awards and acknowledgments.
Net Worth of Pixar in 2021
The animated film industry has grown immensely fast, and Pixar was a big part of the growth. Pixar has really grown over the years as a film production company. They pioneered a lot of technologies that set standards for many other companies. Apart from just the respect that the company has, Pixar has also gained a lot of monetary gains. At the moment, the company is estimated to have a net worth of $8 billion as of March 2021.
Pixar is reputably one of the best-animated film production companies in the world and has made one of the best-animated films in the world. It has offered employment to so many people and has allowed so many people to exploit their creativity and intelligence. Under the wing of Walt Disney, Pixar looks like it will really grow a lot as it continues to do what it does best.