Pixar is a CGI production company based in Emeryville, California, United States. The studio has earned numerous awards for their feature films and other work, including twenty-six Academy Awards, five Golden Globes and three Grammys. Pixar is best known for CGI-animated features created with PhotoRealistic RenderMan, its own implementation of the industry-standard Renderman image-rendering API used to generate high-quality images.
As of June 2012, Pixar has released thirteen films, all released under the Walt Disney Pictures banner. The company produced its first feature-length film, Toy Story, in 1995. The film won an Academy Award and was nominated for three others. It set a benchmark in terms of animation to which other film companies have since aspired. The success of the film led Pixar to release a sequel, Toy Story 2, in 1999, following their second CGI production, A Bug's Life in 1998. Monsters, Inc. was the next project to be released in 2001, and the following six features Finding Nemo, The Incredibles, Cars, Ratatouille, WALL-E, and Up were highly successful. The eleventh film, Toy Story 3, has become the highest-grossing animated film of all time worldwide. Pixar's twelfth film is Cars 2 which is a sequel to Cars, the second film to have a sequel. Both Toy Story 3 and Cars 2 are the most expensive Pixar movies to ever be produced, at an estimated budget of $200 million each. Its thirteenth film, Brave, had an estimated budget of $185 million.
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