Luxo Jr., a desk lamp from the studio's 1986 short film of the same name, is the studio's mascot, with their first feature film being created in 1995. 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. ![]() It also competes with Illumination, DreamWorks Animation, Sony Pictures Animation, and Locksmith Animation. It is a member of Disney's big three animation studios, the other two are Walt Disney Animation Studios and 20th Century Animation (which includes Blue Sky Studios). 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, a transaction that resulted in Jobs becoming Disney's largest single shareholder at the time. Pixar began in 1979 as part of the Lucasfilm computer division, known as the Graphics Group, before its spin-off as a corporation on February 3, 1986, with funding from Apple co-founder Steve Jobs, who became its majority shareholder. It is based in Emeryville, California, and is a subsidiary of Walt Disney Studios owned by The Walt Disney Company. Pixar in the advertising) is an American computer animation studio known for its critically and commercially successful computer animated feature films. ![]() Pixar Animation Studios (commonly known as just Pixar or Disney
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