Pixar Animation Studios

2054 WordsMay 17, 20139 Pages
Pixar Animation Studios Pixar has a very interesting early history. It began in 1979 as the Graphics Group, which was one third of the Computer Division of Lucasfilm[->0]. After moving to Lucasfilm, they worked on creating the precursor to RenderMan[->1], called REYES, meaning "renders everything you ever saw" and developed a number of critical technologies, including "particle effects" and various animation tools. After parting ways with Lucas film, Pixar became a corporation in 1986 with funding by Apple Inc.[->2] co-founder Steve Jobs[->3], who became its majority shareholder. The Walt Disney Company[->4] bought Pixar in 2006 for $7.4 billion, which made Steve Jobs Disney 's largest shareholder. Pixar started as a…show more content…
Following Pixar shareholder[->15] approval, the acquisition was completed May 5, 2006. The transaction catapulted Steve Jobs, who was the majority shareholder of Pixar with 50.1%, to Disney 's largest individual shareholder with 7% and a new seat on its board of directors. Jobs ' new Disney holdings surpassed holdings belonging to ex-CEO Michael Eisner[->16], the previous top shareholder, who still held 1.7% and Disney Director Emeritus Roy E. Disney[->17], who held almost 1% of the corporation 's shares. Disney and Pixar studios did not mean that the two studios were merging, however. In fact, additional conditions were laid out as part of the deal to ensure that Pixar remained a separate entity[->18], a concern that analysts had expressed about the Disney deal. Some of those conditions were that Pixar HR[->19] policies would remain intact, including the lack of employment contracts. Also, the Pixar name was guaranteed to continue, and the studio would remain in its current Emeryville, California[->20] location with the "Pixar" sign. Finally, branding of films made post-merger would be "Disney•Pixar". Pixar has produced thirteen feature films[->21], beginning with Toy Story[->22] in 1995. Toy Story was one of my favorite films at the time. The animation was groundbreaking for its time. It was followed by A Bug 's Life[->23] in 1998, Toy Story 2[->24], 1999, Monsters, Inc.[->25], 2001, Finding
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