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India's Animation Film Studio Delights The World

Originally published by Sramana Mitra on LinkedIn: India's Animation Film Studio Delights The World

In this series, Sramana Mitra shares chapters from her book Vision India 2020, that outlines 45 interesting ideas for start-up companies with the potential to become billion-dollar enterprises. These articles are written as business fiction, as if we’re in 2020, reflecting back on building these businesses over the previous decade. We hope to spark ideas for building successful start-ups of your own.

I have always been fascinated by Pixar. The Incredibles enthralled me. Ratatouille mesmerized me. And apparently I am not alone: The former, with a production budget of $92 million, grossed $631 million worldwide; the latter, with a production budget of $150 million, grossed $621 million. So much for cartoons as child’s play.

The answer to how such numbers were reached boils down to enchanting characterization, tight, moving screenplays, superb graphics, and outstanding editing. It was only a matter of time before I started looking for ways to apply this formula to an India-based studio, working with Indian stories, colors, and culture. Disney had tried oriental stories earlier, with Mulan and Aladdin. However, the treatment in those movies remained distinctly American. I was after something much more Indian.

Now, to achieve the Pixar benchmarks in graphic excellence, we needed advanced technology combined with screenwriting and editing finesse. The latter two were relatively lower barriers to entry, skills abundantly available in Hollywood. Innovative technology, however, could be a formidable differentiation, especially if we were able to reduce the exorbitant cost of animation filmmaking. With this basic analysis in hand, we set up Elixar Studios in 2008. The mission of our venture: To make high quality films based on Indian mythology and culture, while rewriting the economics of animation filmmaking through technological innovation.

We put together a board of directors early on with people who understood our vision and were able to connect the right dots. Dominique had worked with Steve Jobs and Greg Brandeau (CTO of Pixar) at NeXT. Greg and Dominique became the first two board members of Elixar, and they immediately brought on John Lasseter, one of the founders of Pixar and director of studio hits like Toy Story. They then brought on Brad Bird, the two-time Academy Award-winning director of The Incredibles and Ratatouille. With such a rich and varied group of mentors to guide the project, we were able to gain funding through Disney’s venture capital arm, Steamboat Ventures. Disney would distribute all our films, as they did with Pixar.