Big Buck Bunny is an animation project by the Blender Foundation, created by the Blender Institute. Impressively, it was created using the free software 'Blender', an open source software, and is also distributed under an open license that gives artists free access to the entire studio database of assets and files used to make the movie.
This could finally provide some competition for pixar wich in turn would spur them on to the next level.
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