Pixar Animations
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In 1986, Steve Jobs purchased Pixar Animations from George Lucas 10 million dollars. Pixar turned into a computer hardware company, whose main product was the Pixar Image Computer. The Image Computer didn't sell very well, so John Lasseter, a creator of short film productions, tried to show off the computer's capabilities. Still the computer did not sell, now threatening to put the company out of business. Jobs kept investing more and more of his own money into the company, trying to keep Pixar from bankruptcy. In April of 1990, Pixar sold its hardware division to Vicom Systems, and transferred 18 of Pixar's employees there. In 1991, 30 employees had to leave Pixar, reducing its number to 42. Making a 26 million dollar deal with Disney to produce 3 computer-animated films, Pixar was still on the edge of the cliff. Although the income of these products were very high, Pixar was still losing money, and Jobs often considered selling it. Only when he learned that Toy Story was a success, he made himself CEO of Pixar. The company went on to make 4 billion dollars. Later, Pixar went made more movies: "Toy Story", "Finding Nemo", and "The Incredibles". Apple bought Pixar in 1997 for 429 million dollars, and merged with Walt Disney in 2006.