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Disney buys lucasfilms for $4B
Topic Started: Nov 5 2012, 03:10 PM (409 Views)
Cray

In a move sure to shock fans of the Mouse House and George Lucas, the Walt Disney Company said Tuesday it has agreed to acquire Lucasfilm for $4.05 billion in cash and stock. The company also announced that it is prepping Star Wars: Episode 7 for release in 2015.

“For the past 35 years, one of my greatest pleasures has been to see Star Wars passed from one generation to the next,” Lucas, the sole shareholder of Lucasfilm, said in a press release announcing the acquisition. “It’s now time for me to pass Star Wars on to a new generation of filmmakers.”

With the acquisition, Disney adds one of the world’s most enduring — and most profitable — sci-fi franchises to its ever-expanding stable. Disney, which has grown from humble animation company to massive media brand, successfully roped in Pixar in 2006 and bought Marvel Entertainment in 2009 (also for a $4 billion price tag). Buying Lucasfilm, Disney chairman Robert Iger said, was in line with the Marvel acquisition: The move essentially means Disney has cornered the market on superhero and sci-fi/fantasy films.


In a conference call with investors, Iger called Lucas a “true visionary” and applauded him for building a “company at the intersection of entertainment and technology.” As part of the deal, Disney will also take control of Industrial Light & Magic and Skywalker Sound. But the most lucrative part of the deal has to be the Star Wars brand, and to that end Disney announced it would be releasing a new film from the franchise in 2015, with more to follow.

“We believe we can do great things with these amazing assets,” Iger said.

Under the agreement, Kathleen Kennedy, Steven Spielberg’s producing partner who was named co-chair of Lucasfilm in June, will become president of the company within Disney. Lucas has been discussing retirement in recent months, particularly when Kennedy’s position was announced, and even though Iger noted that Lucas will stay on as an adviser for the new Star Wars trilogy, he is moving forward toward retirement.

“This transaction combines a world-class portfolio of content including Star Wars, one of the greatest family entertainment franchises of all time, with Disney’s unique and unparalleled creativity across multiple platforms, businesses and markets to generate sustained growth and drive significant long-term value,” Iger said in a statement.

The boards of both Disney and Lucasfilm have approved the acquisition, but it is still subject to clearance under U.S. and international business regulations.
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Snidely Whiplash
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Been meaning to post about this. Glad you did Cray. I'm excited at the news. With the plans for further episodes, I am really looking forward to this. Perhaps Leia's story. B-)
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Cray

psalongo
Nov 5 2012, 03:13 PM
Been meaning to post about this. Glad you did Cray. I'm excited at the news. With the plans for further episodes, I am really looking forward to this. Perhaps Leia's story. B-)
I hope they don't fuck the story up. But Star Wars under Disney means we can expect life brought back to a series that has so much potential
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Snidely Whiplash
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Cray
Nov 5 2012, 03:16 PM
psalongo
Nov 5 2012, 03:13 PM
Been meaning to post about this. Glad you did Cray. I'm excited at the news. With the plans for further episodes, I am really looking forward to this. Perhaps Leia's story. B-)
I hope they don't fuck the story up. But Star Wars under Disney means we can expect life brought back to a series that has so much potential
Yeah, I hope they don't fuck it up. It's important that the story takes precedent over special effects.
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Cray

psalongo
Nov 5 2012, 03:21 PM
Cray
Nov 5 2012, 03:16 PM
psalongo
Nov 5 2012, 03:13 PM
Been meaning to post about this. Glad you did Cray. I'm excited at the news. With the plans for further episodes, I am really looking forward to this. Perhaps Leia's story. B-)
I hope they don't fuck the story up. But Star Wars under Disney means we can expect life brought back to a series that has so much potential
Yeah, I hope they don't fuck it up. It's important that the story takes precedent over special effects.
Wonder what rides\attractions they will have too.

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Negrodamus
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psalongo
Nov 5 2012, 03:21 PM
Cray
Nov 5 2012, 03:16 PM
psalongo
Nov 5 2012, 03:13 PM
Been meaning to post about this. Glad you did Cray. I'm excited at the news. With the plans for further episodes, I am really looking forward to this. Perhaps Leia's story. B-)
I hope they don't fuck the story up. But Star Wars under Disney means we can expect life brought back to a series that has so much potential
Yeah, I hope they don't fuck it up. It's important that the story takes precedent over special effects.
Good luck with that.
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Cray

Nazara
Nov 5 2012, 03:24 PM
psalongo
Nov 5 2012, 03:21 PM
Cray
Nov 5 2012, 03:16 PM
psalongo
Nov 5 2012, 03:13 PM
Been meaning to post about this. Glad you did Cray. I'm excited at the news. With the plans for further episodes, I am really looking forward to this. Perhaps Leia's story. B-)
I hope they don't fuck the story up. But Star Wars under Disney means we can expect life brought back to a series that has so much potential
Yeah, I hope they don't fuck it up. It's important that the story takes precedent over special effects.
Good luck with that.
You think they will?
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Cray

Then again....didnt they make some stupid ass movie that made shit in theaters? John carter?
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Doctor Magnus Warlock
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Cray
Nov 5 2012, 03:29 PM
Then again....didnt they make some stupid ass movie that made shit in theaters? John carter?
They did John Carter & the Avengers in the same year.

Ya win some....ya lose some.
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Snidely Whiplash
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Yah, with Disney you just never know. They could do great stuff like Toy Story 3 or shit like John Carter.
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