Industrial Light & Magic, also known as ILM, is privately owned and headquartered in the US. A division of Lucasfilm and a subsidiary of Disney Entertainment, the company was founded in 1975 and employs approximately 4100 individuals. It reported $1.6B in revenue as of 2025. The company specializes in media managed services. Industrial Light & Magic Experiences, a division of ILM, focuses on experiential, interactive, and immersive entertainment development. Originally rooted in Lucasfilm Learning in the 1990s and formally accelerated through the 2015 establishment of ILMxLAB, this unit represents an evolution from traditional, passive linear visual effects into real-time interactive media. Functioning as an internal technology-driven creator rather than a standalone commercial software vendor, the company leverages proprietary real-time rendering, virtual production pipelines, and spatial computing. It designs location-based entertainment, VR narratives, MR installations, and live virtual staging, including immersive musical events for artists such as ABBA, U2, and KISS. Its operations for this division, including international studio arms, are also based in San Francisco, California.