Steve Jobs purchases the Computer Graphics Division from
George Lucas and establishes an independent company
to be christened "Pixar." At this time about 44
people are employed.
Based out of Emeryville, CA, Pixar is an award-winning animation studio famous for its computer-animated film shorts and for the feature films that it produces in conjunction with Disney, who splits costs of production and distribution by covering all distribution issues while Pixar handles production.
Pixar is the pixel profits paradise that paved the way for the entire 3D industry. Disney was the deity that’s responsible for the entire 2D industry.