Word: offing
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Dates: during 1990-1999
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Once a division of Lucasfilm, Steve Jobs bought it out in 1986, renaming it Pixar Animation Studios. Within its first year as a spin-off, Pixar won its first Academy Award nomination for Luxo Jr. Establishing its presence in computer animation and graphics industries, Pixar quickly moved into movies. It...
Being the new kin on the movie block, Pixar had yet to be a force in the movie industry. Luckily, Pixar and Disney teamed up in 1991 and committed to making up to three feature-length animated films. The first project, Toy Story rocked the movie industry. Under the terms...
With the success of their first venture, Pixar and Disney's friendship formalized in 1997 with a five-picture deal. The first picture, A Bug's Life, was released in 1998. Again, the friendship achieved critical and financial success. A Bug's Life broke the 1996 record for biggest Thanksgiving...
Not quite. With the 1997 agreement, Pixar assumed more control of distribution, marketing, and merchandising. With this, Disney has exclusive rights to Pixar films for the next 10 years and about 2.5% ownership of Pixar with the option of further stock purchases. Moreover, Pixar is still grappling with internal issues...
Disney is not likely to let go either. Not only to three pictures remain in their contract, Disney still needs Pixar. Not only does Disney rely on Pixar for the latest developments in animation technology, their joint efforts have been the Disney's last few animated films, although financial and...