The animation directors of Pixar studios have won the Venice Film Festival's lifetime achievement award - the first team to be given the honor. Chief creative officer John Lasseter and its other directors are behind hits including Finding Nemo and Toy Story. Pixar has made 10 films, four of which have won best animation Oscars. Lasseter, 52, who directed 1995's Toy Story - the first fully computer-animated feature film - told reporters: The extension of the number of nominees for best picture opens up opportunities for very popular films and other films including animation. Venice Film Festival is the oldest film festival in the world. Founded by Count Giuseppe Volpi di Misurata in 1932, the festival has since taken place every year in late August or early September on the island of the Lido, Venice, Italy.