- Won Best Animated Feature Film
- Won Best Original Song "We Belong Together" by Randy Newman
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Sir Miles Axlerod is a former oil baron who has sold off his fortune, converted himself into an electric vehicle and has devoted his life to finding the renewable, clean-burning energy source of the future—ultimately discovering what he believes is the fuel everyone should be using. Axlerod is also the car behind the World Grand Prix, a three-country race he created that attracts the world’s top athletes—but it’s really an excuse to show off his new wonder-fuel, Allinol.
As poor sales of Pixar's computers threatened to put the company out of business, Lasseter's animation department began producing computer-animated commercials for outside companies. Early successes included campaigns for Tropicana, Listerine, and LifeSavers.[10] In April 1990 Jobs sold Pixar's hardware division, including all proprietary hardware technology and imaging software, to Vicom Systems, and transferred 18 of Pixar's approximate 100 employees. The same year Pixar moved from San Rafael to Richmond, California.[11] During this period, Pixar continued its relationship with Walt Disney Feature Animation, a studio whose corporate parent would ultimately become its most important partner. In 1991, after a tough start of the year when about 30 employees in the company's computer department had to go (including the company's president, Chuck Kolstad),[12] which reduced the total number of employees to just 42,[13] Pixar made a $26 million deal with Disney to produce three computer-animated feature films, the first of which was Toy Story. At that point, the software programmers, who were doing RenderMan and CAPS, and Lasseter’s animation department, who made television commercials and a few shorts for Sesame Street, was all that was left of Pixar.[14]
Despite the total income of these products, the company was still losing money, and Jobs often considered selling it. Even as late as 1994, Jobs contemplated selling Pixar to other companies, among them Microsoft. Only after confirming that Disney would distribute Toy Story for the 1995 holiday season did he decide to give it another chance.[15] The film went on to gross more than $350 million worldwide.[16] Later that year, Pixar held its initial public offering on November 29, 1995, and the company's stock was priced at US$22 per share.