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How Steve Jobs Saved Pixar from Bankruptcy

August 7, 2019
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Pixar Animation Studios (also known as Disney/Pixar or simply Pixar)(/ˈpɪksɑːr/) is an American animation studio based in EmeryvilleCalifornia, 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.

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