Pixar was founded in 1986 by Steve Jobs after he bought the Graphics Group from George Lucas. Under Jobs, Pixar shifted from producing computer hardware to animated films. Pixar's first film was Toy Story in 1995, which was a massive success and began Pixar's partnership with Disney. This led to many hugely successful and acclaimed films over the following decades that revolutionized computer animation. After some tensions in the early 2000s, Disney ultimately acquired Pixar for $7.4 billion in 2006, allowing their partnership to continue producing innovative and beloved films.