The latest on Pixar. Officially called Pixar Animation Studios, the studio has created films like the Toy Story franchise, The IncrediblesInside Out and Up, among many others. The studio started as an off-shoot of Lucasfilm in 1979 before going out on their own in 1986 with principle funding from Apple's Steve Jobs. The Walt Disney Company purchased the company in 2006. The studio holds the distinction of producing two of the only three animated films that have been nominated for the Best Picture Oscar, Toy Story 3 and Up