Pixar Studios is an american computer animation film studio best known for its CGI animated feature films. Pixar first began in 1979 as The Graphics Groups, a computer division of Lucasfilm, before it became its own company with funding by Steve Jobs in 1986. Originally, Pixar began as a hardware company specializing in visual processing computers. When the company nearly went out business due to lack of sales, the animation team started producing commercials for varies clients. That is how the multimillion dollar company began. With the release of Toy Story in 1995, it paved the way for Pixar’s future.
The Studio has produced fourteen films, Toy Story (1995) the first and Monsters University (2013) the most resent. All fourteen films have been given a CinemaScore of at least an A- and all are among the 50 highest grossing films of all time. Pixar has received 27 Academy Awards, 7 Golden Globes and 11 Grammys over the years. Pixar became the modern formula of animation. After many disagreements, Walt Disney bought Pixar Studios in 2006 however the studio remained a wholly-owned subsidiary of The Walt Disney Company.