The document provides background information on Pixar, the animation studio. It describes how Pixar was originally founded in 1986 as part of Lucasfilm to develop computer hardware. Steve Jobs later bought the graphics division from George Lucas, renaming it Pixar. While initially focused on hardware, the company transitioned to animation under John Lasseter. Pixar found success creating short films and eventually partnered with Disney to produce the first fully computer animated feature film, Toy Story, in 1995. This led to a lucrative partnership and many highly successful films between Pixar and Disney. Disney later acquired Pixar from Jobs in 2006 for $7.4 billion.