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.
Pixar
In 1985, while still at Lucasfilm, they had made a deal with the Japanese publisher Shogakukan to make a computer animated movie called "Monkey", based on the Monkey King. The project continued some time after they became a separate company in 1986, but in the end it became clear that the technology was simply not there yet. The computers were not powerful enough and the budget would be too high. So it was decided to focus on the computer hardware business some more years while waiting till Moore's law made a computer animated feature possible.