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.
Toy Story 3
In January 2006, Disney bought Pixar in a deal that put Pixar chiefs Edwin Catmull and John Lasseter in charge of all Disney Animation. Shortly thereafter, Circle 7 Animation was shut down and its version of "Toy Story 3" was cancelled. The following month, Disney CEO Robert Iger confirmed that Disney was in the process of transferring the production to Pixar. John Lasseter, Andrew Stanton, Pete Docter, and Lee Unkrich visited the house where they first pitched "Toy Story" and came up with the story for the film over a weekend. Stanton then wrote a treatment.