The world of cinema changed forever on Nov. 22, 1995, when Toy Story premiered. It was the first feature film to be entirely computer-animated, and it marked the beginning of a long and fruitful partnership between Disney , the films financial backer, and Pixar, the pioneering animation studio behind Buzz and Woody. This partnership became a family a decade later, when Disney acquired Pixar in 2006. by Alex Planes
At the time of Toy Storys release, Pixar was owned by Steve Jobs, founder of Apple and then-CEO of NeXT Computer. Jobs control of Pixar would be a point of contention in the negotiations between Pixar and Disney that would eventually lead to Toy Story -- the Pixar crew had originally planned to produce a half-hour TV special, but Disney film honcho Jeffrey Katzenberg insisted on a feature film during an initial meeting. His financing terms were extremely high: In exchange for support, Katzenberg wanted the rights to Pixars 3-D animation technology. Jobs, whose career had been built on proprietary software (and hardware), understandably refused this demand and countered with deal that allowed Pixar part-ownership of the films characters, as well as video and sequel rights.
However, Disney was in a much stronger position, as Pixar was nearly bankrupt. Jobs and Pixar were forced to cave to a deal that granted Pixar only about 12.5% of the ticket revenue and nothing further. The deal was signed in mid-1991. Disney did not get access to Pixars animation technology, though, and this critical bargaining chip proved more important than the take for Toy Story over the long run.
Production also proved contentious. Numerous rewrites left the film a steaming mess, requiring a completely new script and a brief production shutdown. Toy Storys shooting script was finally approved in 1994, but the tech-heavy crew soon ballooned from 24 to 110 people. Toy Storys initial $17 million budget was not going to cut it, and by this point, Jobs had endured several years of frustration at a time when he was also swimming in red ink at his post-Apple start-up, NeXT -- that company first posted a narrow profit in 1994. As the films premiere drew near, Jobs initially underwhelmed attitude changed to excitement as the Toy Story came together, and he decided to take Pixar public soon after the films release.
Toy Storys success was immediate, and it earned virtually unanimous acclaim. Released over the Thanksgiving holiday, Toy Story earned $39 million in its first week of release and remained in first place at the box office for three straight weeks. By the end of the year it was the top-grossing film in the country, and it eventually went on to sell $362 million worth of tickets around the world.
Pixar has released 13 more completely computer-animated films since Toy Story made the company a household name. Every single one has managed to earn at least $300 million in global box-office receipts, and the total take for all 14 Pixar films now stands at $8.6 billion. That doesnt count the merchandising bonanza Pixar has created through these films -- the Cars franchise, Pixars crown jewel, is by itself responsible for more than $10 billion in global merchandising revenue.
The next entertainment revolution Disney can capitalize on
Pixar helped transform the silver screen, but Disney also sits at the crossroads of a huge small-screen opportunity thats started an all-out $2.2 trillion media war. This war pits cable companies like Cox, Comcast, and Time Warner against technology giants like Apple, Google, and Netflix, with content superstars like Disney standing in the middle of the action holding the big guns. The Motley Fools shocking video presentation reveals the secret Steve Jobs took to his grave, and explains why the only real winners are these three lesser-known power players that film your favorite shows.
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The world of cinema changed forever on Nov. 22, 1995, when Toy Story premiered. It was the first feature film to be entirely computer-animated, and it marked the beginning of a long and fruitful partnership between Disney , the films financial backer, and Pixar, the pioneering animation studio behind Buzz and Woody. This partnership became a family a decade later, when Disney acquired Pixar in 2006. by Alex Planes
