Founded in 1979 as a hardware company, Pixar initially focused on developing high-end image processing tools. However, after hiring John Lasseter in 1984, they transitioned into producing animated films to showcase the capabilities of their hardware. Eventually, Pixar became an independent company and gained recognition for their groundbreaking computer-animated shorts. In 2006, Pixar was acquired by The Walt Disney Company, solidifying its position as a leading film studio in the art of computer animation. With a portfolio that includes iconic films like "Toy Story," "Monsters, Inc.," and "Inside Out," Pixar has won numerous Academy Awards and generated over $14 billion in worldwide box office revenue.