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.
Roy E. Disney
As announced, on September 30, Eisner resigned both chief executive and a member of the board. Severing all formal ties with the company, he waived his contractual rights to perks such as use of a corporate jet, a Golden Pass and an office at the company's Burbank headquarters. Bob Iger, Eisner's long-time lieutenant, who had been effectively running the company, now assumed the title of CEO. One of Roy Disney's stated reasons for engineering his second "Save Disney" initiative had been Eisner's well-publicized disputes with long-time production partner Pixar Animation Studios and its CEO Steve Jobs, with whom Disney had produced such computer animated hits as "Toy Story", "Monsters, Inc.", "Finding Nemo", which were both critically acclaimed and financially successful for both partners. Iger quickly repaired the estrangement, and on January 24, 2006, the company announced the acquisition of Pixar in an all-stock deal worth $7.4 billion. This deal made Jobs, best known as co-founder and CEO of Apple, Inc, Disney's largest shareholder with 7% of all outstanding shares and gave him a new seat on Disney's board of directors. Eisner, who retained 1.7% of shares, became Disney's second-largest shareholder, followed by Roy Disney, with 1% of shares. Disney's second "Save Disney" campaign against Eisner was chronicled by James B. Stewart in his best-selling book, "DisneyWar".