Pixar Animation Studios (also known as Disney/Pixar or simply Pixar)(/ˈpɪksɑːr/) is an American animation studio based in Emeryville, California, that is a subsidiary of The Walt Disney Studios, owned by The Walt Disney Company.
Pixar began in 1979 as the Graphics Group, part of the Lucasfilm computer division, before its spin-out as a corporation in 1986, with funding by Apple Inc. co-founder Steve Jobs, who became the majority shareholder.[2] Disney purchased Pixar in 2006 at a valuation of $7.4 billion by converting each share of Pixar stock to 2.3 shares of Disney stock,[4][5] a transaction that resulted in Jobs becoming Disney’s largest single shareholder at the time. Pixar is best known for CGI-animated feature films created with RenderMan, Pixar’s own implementation of the industry-standard RenderMan image-renderingapplication programming interface, used to generate high-quality images.
