Schure kept pouring money into the computer graphics lab, an estimated $15 million, giving the group everything they desired and driving NYIT into serious financial troubles.
Edwin Catmull and Malcolm Blanchard were the first to be hired and were soon joined by Alvy Ray Smith and David DiFrancesco some months later, which were the four original members of the Computer Graphics Lab, located in a converted two-story garage acquired from the former Vanderbilt-Whitney estate. Pixar got its start in 1974, when New York Institute of Technology's (NYIT) founder, Alexander Schure, who was also the owner of a traditional animation studio, established the Computer Graphics Lab (CGL) and recruited computer scientists who shared his ambitions about creating the world's first computer-animated film. History Early history A Pixar computer at the Computer History Museum in Mountain View with the 1986–95 logo on it The physical award was ceremoniously handed to Lucasfilm's founder, George Lucas. On February 10, 2009, Pixar executives John Lasseter, Brad Bird, Pete Docter, Andrew Stanton, and Lee Unkrich were presented with the Golden Lion award for Lifetime Achievement by the Venice Film Festival. Toy Story 3 and Up were also nominated for the Academy Award for Best Picture.
Since its inauguration in 2001, eleven Pixar films have won the Academy Award for Best Animated Feature, including Finding Nemo (2003), The Incredibles (2004), Ratatouille (2007), WALL-E (2008), Up (2009), Toy Story 3 (2010), Brave (2012), Inside Out (2015), Coco (2017), Toy Story 4 (2019), and Soul (2020). Pixar has earned 23 Academy Awards, 10 Golden Globe Awards, and 11 Grammy Awards, along with numerous other awards and acknowledgments. Moreover, 15 of Pixar's films are in the 50 highest-grossing animated films of all time. Toy Story 3 (2010), Finding Dory (2016), Incredibles 2 (2018), and Toy Story 4 (2019) all grossed over $1 billion and are among the 50 highest-grossing films of all time. As of July 2023, its feature films have earned over $15 billion at the worldwide box office with an average gross of $546.9 million per film. The studio has also produced many short films. Pixar has produced 27 feature films, starting with Toy Story (1995), which is the first fully computer-animated feature film its most recent film was Elemental (2023). The studio's mascot is Luxo Jr., a desk lamp from the studio's 1986 short film of the same name. Pixar is best known for its feature films, technologically powered by RenderMan, the company's own implementation of the industry-standard RenderMan Interface Specification image-rendering API. Disney purchased Pixar in January 2006 at a valuation of $7.4+ billion by converting each share of Pixar stock to 2.3 shares of Disney stock. It was known as the Graphics Group before its spin-off as a corporation in 1986, with funding from Apple co-founder Steve Jobs who became its majority shareholder. Pixar started in 1979 as part of the Lucasfilm computer division. Since 2006, Pixar has been a subsidiary of Walt Disney Studios, a division of Disney Entertainment, which is owned by The Walt Disney Company. Pixar Animation Studios ( / ˈ p ɪ k s ɑːr/) is an American computer animation studio known for its critically and commercially successful computer-animated feature films.
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