Pixar Animation Studios, an American animation studio headquartered in Emeryville, California, operates as a subsidiary of Walt Disney Studios. Originally established in 1979 as the Graphics Group—a computer engineering division of Lucasfilm—the company was spun off as an independent corporation in 1986 under the capitalization of Apple co-founder Steve Jobs. In May 2006, the studio was acquired by The Walt Disney Company. With approximately 3,960 employees, Pixar reported $1.3B in revenue as of 2025. Functioning as a tier 1 media tech buyer specializing in content rights, the studio operates under the executive and creative leadership of Chief Creative Officer Pete Docter and President Jim Morris. It is known for developing the world's first fully computer-animated feature film in 1995. The studio maintains a multi-billion-dollar intellectual property portfolio, which has been recognized with 23 Academy Awards, 11 Golden Globes, and numerous Grammys. Its catalog features franchises such as Toy Story, The Incredibles, Finding Nemo, Monsters, Inc., Cars, Ratatouille, WALL-E, Up, Coco, Soul, and Inside Out 2.