Pixar
Pixar Animation Studios, commonly referred to as Pixar (), is an American computer animation film studio based in Emeryville, California, that is a subsidiary of 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. 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, 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-rendering application programming interface, used to generate high-quality images.
Knick Knack
In 1988, Pixar's third short film, "Tin Toy", won the Academy Award for Best Animated Short Film, the first computer-animated film to claim the award. It was also the first win for the hardware company, which was still struggling to sell its main product: the Pixar Image Computer. The key animator and director behind "Tin Toy", John Lasseter, had once worked at Disney several years prior but was fired by unknowingly stepping on his superiors' toes with his support for computer animation. Now, Disney took notice of the Oscar win for "Tin Toy" and began a campaign to win Lasseter back.