Pixar%20Animation%20Studios%20or%20Pixar%2C%20is%20an%20animation%20studio%20that%20is%20known%20to%20produce%20critically%20and%20commercially%20successful%20animated%20feature%20films.%20The%20company%20is%20based%20in%20Emeryville%2C%20California%2C%20and%20is%20currently%20held%20as%20a%20subsidiary%20by%20the%20Walt%20Disney%20Studios.

The%20company%20began%20its%20journey%20in%201979%20and%20was%20founded%20by%20Edwin%20Catmull%20and%20Alvy%20Ray%20Smith%20as%20a%20part%20of%20Lucasfilm.%20It%20then%20spun%20off%20as%20a%20corporation%20with%20the%20help%20of%20funding%20from%20Apple%20co-founder%20Steve%20Jobs.%20Disney%20purchased%20Pixar%20in%202006%20at%20a%20valuation%20of%20%247.4%20billion.%26nbsp%3B

In%201982%2C%20the%20Pixar%20team%20began%20working%20on%20special-effects%20film%20sequences.%20After%20years%20of%20research%2C%20and%20key%20milestones%20such%20as%20the%20Genesis%20Effect%20in%20Star%20Trek%20II%3A%20The%20Wrath%20of%20Khan%20and%20the%20Stained%20Glass%20Knight%20in%20Young%20Sherlock%20Holmes%2C%20the%20group%20was%20spun%20out%20as%20a%20corporation%20in%20February%201986%20by%20Catmull%20and%20Smith.

On%20February%203%2C%201986%2C%20Steve%20Jobs%20invested%20%245%20million%20for%20technology%20rights%20and%20%245%20million%20cash%20as%20capital%20into%20the%20company%2C%20joining%20the%20board%20of%20directors%20as%20chairman.%20Disney%20bought%20the%20company%20in%20January%202006%20for%20approximately%20%247.4%20billion%20in%20an%20all-stock%20deal.%20Following%20Pixar%20shareholder%20approval%2C%20the%20acquisition%20was%20completed%20May%205%2C%202006.%20The%20transaction%20catapulted%20Jobs%2C%20who%20owned%2049.65%25%20of%20total%20share%20interest%20in%20Pixar%2C%20to%20Disney%27s%20largest%20individual%20shareholder%20with%207%25%2C%20valued%20at%20%243.9%20billion%2C%20and%20a%20new%20seat%20on%20its%20board%20of%20directors.

%3Ca%20class%3D%22mention%22%20data-mention%3D%22%23Pixar%22%20data-user-id%3D%2206ry272d8qDL%22%20href%3D%22/topic/pixar%22%3E%23Pixar%3C/a%3E%20%3Ca%20class%3D%22mention%22%20data-mention%3D%22%23Disney%22%20data-user-id%3D%22FBbvLn9Uh3n4%22%20href%3D%22/topic/disney%22%3E%23Disney%3C/a%3E%20%3Ca%20class%3D%22mention%22%20data-mention%3D%22%23SteveJobs%22%20data-user-id%3D%222bS47ldu8uwo%22%20href%3D%22/topic/stevejobs%22%3E%23SteveJobs%3C/a%3E%26nbsp%3B

%26nbsp%3B