What if Pixar was founded in 1960?

Most people know that Pixar Animation Studios was founded in 1986 by Edwin Catmull and Alvy Ray Smith. But, in this alternate reality idea, imagine this: what if it was actually founded in 1960, starting as an Independent film company, before expanding into a whole film studio. Here's how it could've been.

Changes

 * It would be founded by Phil Freeman and Xavier Jackson (not real people, but just made-up).
 * It would be known as Phil Freeman Productions (1960-1986), Pixar Pictures (1986-2006), Pixar Animation (1986-1996), and Pixar Animation Studios (1996-).
 * Pixar would make a distribution deal with Metro-Goldwyn-Mayer (1960-1967), American International Pictures (1967-1979), Filmways (1979-1983), and Orion Pictures (1983-1987) before Pixar would get it's own distribution arm.
 * The company would be sold in 1986 to Edwin Catmull and Alvy Ray Smith.
 * as Disney bought Pixar in 2006, the live-action Pixar would close and it's pre-1986 live action library would get sold back to MGM.
 * it's eight films (A Bug's Life, Ratatouille, Wall-E, Up, Brave, Inside Out, The Good Dinosaur, Coco) would be made into Live-action films.
 * Brave would be a 1964 British-American live-action film produced by Phil Freeman Productions and distributed by MGM in North America and the Rank Organisation Overseas.
 * Coco would be a 1992 Mexican-American live-action film distributed by Pixar in the USA, Canada and Mexico and the Rank Organisation in the UK, Ireland and Spain.