Steve Jobs purchases the Computer Graphics Division from
George Lucas and establishes an independent company
to be christened "Pixar." At this time about 44
people are employed.
Luxo Jr. is completed. The short film, John Lasseter’s
directorial debut, is unveiled in August at SIGGRAPH and then
screened for general audiences at Los Angeles-area theaters
in November. Luxo Jr. will be the first three-dimensional
computer animated film to be nominated for the
Best Animated Short Film Oscar®.