Pixar is best known for its feature films, technologically powered by RenderMan, the company's own implementation of the industry-standard RenderMan Interface Specification image-rendering API. Disney purchased Pixar in January 2006 at a valuation of $7.4+ billion by converting each share of Pixar stock to 2.3 shares of Disney stock. It was known as the Graphics Group before its spin-off as a corporation in 1986, with funding from Apple co-founder Steve Jobs who became its majority shareholder. Pixar started in 1979 as part of the Lucasfilm computer division. Since 2006, Pixar has been a subsidiary of Walt Disney Studios, a division of the Disney Entertainment division of the Walt Disney Company. Pixar Animation Studios ( / ˈ p ɪ k s ɑːr/) is an American computer animation studio based in Emeryville, California known for its critically and commercially successful computer-animated feature films.
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