Pixar Animation Studios is an American computer animation studio known for its critically and commercially successful computer animated feature films. It is based in Emeryville, California, and is a subsidiary of Walt Disney Studios owned by The Walt Disney Company.
Pixar began in 1979 as part of the Lucasfilm computer division, 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. 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. 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 application programming interface. Luxo Jr., a desk lamp from the studio's 1986 short film of the same name, is the studio's mascot.
Pixar has produced 23 feature films, beginning with Toy Story, which is the first fully computer-animated feature film; its most recent film was Soul. Aside from the films that have skipped theaters and instead debuted on Disney+, they have all had CinemaScore ratings of at least an "A?", which indicates a positive reception with audiences. The studio has also produced dozens of short films. As of July 2019, its feature films have earned approximately $14 billion at the worldwide box office, with an average worldwide gross of $680 million per film. Toy Story 3, Finding Dory, Incredibles 2, and Toy Story 4 are all among the 50 highest-grossing films of all time, with Incredibles 2 being the fourth highest-grossing animated film of all time, with a gross of $1.2 billion; the other three also grossed over $1 billion. Moreover, 15 of Pixar's films are in the 50 highest-grossing animated films of all time.