Technicolor, Inc. had been operating at a loss in 1931–1933, mostly servicing old contracts for its two-component color system, and badly needed a movie studio that would move the new three-component process into feature filmmaking.
[5] Instead, Pioneer designated the musical short La Cucaracha (1934) to be its Technicolor live-action showcase, and subsequently won an Academy Award for it.
[6] Becky Sharp (1935), an adaptation of Thackeray's novel Vanity Fair, became the first feature-length motion picture in full color, followed by Dancing Pirate (1936).
[a] Helen Gahagan became the first actor under a multi-picture contract with Pioneer Pictures,[7] while John Ford was engaged to direct several color productions, starting with The Life of Custer.
[10] Selznick International, which also used the RKO studio and Forty Acres backlot, carried out Pioneer's commitment to produce features in Technicolor.