Funded the Spinout of The Graphics Group (Later Renamed Pixar) From Lucasfilm

In 1986, Steve Jobs made a pivotal investment that would change the landscape of animation and technology forever. He funded the spinout of The Graphics Group, which would later be known as Pixar, from Lucasfilm's computer graphics division. This strategic move came at a cost of $10 million, with $5 million allocated as capital for the newly formed company and the remaining $5 million paid to Lucasfilm for essential technology rights. This investment not only provided Pixar with the necessary resources to innovate but also laid the groundwork for its future successes in the animation industry. Under Jobs' guidance, Pixar would go on to produce groundbreaking films, starting with 'Toy Story' in 1995, which marked the first-ever fully computer-animated feature film. Jobs' vision and financial backing were instrumental in transforming Pixar into a powerhouse of creativity and technology, ultimately leading to its acquisition by Disney in 2006. Today, Pixar is celebrated for its storytelling and technological advancements, continuing to influence the animation industry worldwide. #mooflife #mof #MomentOfLife #Pixar #SteveJobs #Lucasfilm #Animation #Technology