Walt Disney announced in January 2006 that it was acquiring Pixar, the animated film studio led by Steve Jobs, in a $7.4 billion deal. Disney and Pixar are now corporate cousins, with Disney owning Pixar. Pixar was founded in 1986 when Steve Jobs purchased the computer graphics division of Lucasfilm and established it as an independent company. Pixar's first feature film, Toy Story, released in 1995, was a major commercial success and impacted the future of filmmaking. The merger between Disney and Pixar was seen as beneficial because it allowed Disney to leverage Pixar's popular computer animated characters across its businesses and Pixar became part of a large international conglomerate