Industrial Light and Magic (ILM)

This company was founded by George Lucas during the production of Star Wars: A New Hope (1977, Directed by George Lucas). It is in association with LucasFilms Ltd. and Skywalker Sound. 

Image obtained from: http://www.ilm.com/ on 23/10/2014

Industrial Light and Magic was founded in the May of 1975. However, in the December of 2012, LucasFilm was acquired by the Walt Disney Company.

Throughout its duration, ILM has been nominated 29 times for an Academy Award (winning 15) and 17 times for a BAFTA (winning 15).

The Abyss (1989) featured the first 3D modeling of water.

ILM blended photography with self built physical sets with CGI, that included trees, extras and buildings. This was for the The Avengers (2012) where they evidently built a digitally enhanced New York.

Skywalker Sound has been nominated for 45 Academy Awards, of which winning 19.

When Indiana Jones: Raiders of the Lost Ark was being put together, Steven Spielberg was hoping to direct a James Bond film. However, George Lucas convinced him to direct Indiana Jones, telling him he 'had something better'.

THX 1138 was extensively restored using ILM's 'digital intermediate' process. After the original negative was scanned, digital colour correction was applied thus creating a new digital master.

References:
http://lucasfilm.com/
http://www.ilm.com/