Toy Story 3 won an Oscar for Best Animated Picture.
The Academy Awards are given each year by the Academy of Motion Picture Arts and Sciences ( AMPAS or the Academy ) for the best films and achievements of the previous year . Toy Story 3 . It became the second Pixar film ( after Up ) and third animated film overall ( after Beauty and the Beast and Up ) to receive an Academy Award nomination for Best Picture . The film received four more Academy Award nominations for Best Adapted Screenplay , Best Sound Editing , Best Animated Feature and Best Original Song , winning the latter two .