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Disney Buys Lucasfilm for $4B, Episode 7 in 2015

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Disney Buys Lucasfilm for $4B, Episode 7 in 2015

Postby JohnGreenArt » Tue Oct 30, 2012 1:15 pm


Disney Lucasfilm


I want to say stranger things have happened, but I can't think of anything right now. I'm pretty dumbfounded and have no idea how to react.

And no this is not a hoax; this is everywhere: 1 | 2 | 3 | Google News

Update: Disney plans on releasing a new Star Wars film every two years, so says their blog.

Press release below:


BURBANK, Calif. & SAN FRANCISCO--(BUSINESS WIRE)-- Continuing its strategy of delivering exceptional creative content to audiences around the world, The Walt Disney Company (NYSE:DIS) has agreed to acquire Lucasfilm Ltd. in a stock and cash transaction. Lucasfilm is 100% owned by Lucasfilm Chairman and Founder, George Lucas.

Under the terms of the agreement and based on the closing price of Disney stock on October 26, 2012, the transaction value is $4.05 billion, with Disney paying approximately half of the consideration in cash and issuing approximately 40 million shares at closing. The final consideration will be subject to customary post-closing balance sheet adjustments.

“Lucasfilm reflects the extraordinary passion, vision, and storytelling of its founder, George Lucas,” said Robert A. Iger, Chairman and Chief Executive Officer of The Walt Disney Company. “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.”

“For the past 35 years, one of my greatest pleasures has been to see Star Wars passed from one generation to the next,” said George Lucas, Chairman and Chief Executive Officer of Lucasfilm. “It’s now time for me to pass Star Wars on to a new generation of filmmakers. I’ve always believed thatStar Wars could live beyond me, and I thought it was important to set up the transition during my lifetime. I’m confident that with Lucasfilm under the leadership of Kathleen Kennedy, and having a new home within the Disney organization, Star Wars will certainly live on and flourish for many generations to come. Disney’s reach and experience give Lucasfilm the opportunity to blaze new trails in film, television, interactive media, theme parks, live entertainment, and consumer products.”

Under the deal, Disney will acquire ownership of Lucasfilm, a leader in entertainment, innovation and technology, including its massively popular and “evergreen” Star Wars franchise and its operating businesses in live action film production, consumer products, animation, visual effects, and audio post production. Disney will also acquire the substantial portfolio of cutting-edge entertainment technologies that have kept audiences enthralled for many years. Lucasfilm, headquartered in San Francisco, operates under the names Lucasfilm Ltd., LucasArts, Industrial Light & Magic, and Skywalker Sound, and the present intent is for Lucasfilm employees to remain in their current locations.

Kathleen Kennedy, current Co-Chairman of Lucasfilm, will become President of Lucasfilm, reporting to Walt Disney Studios Chairman Alan Horn. Additionally she will serve as the brand manager for Star Wars, working directly with Disney’s global lines of business to build, further integrate, and maximize the value of this global franchise. Ms. Kennedy will serve as executive producer on new Star Warsfeature films, with George Lucas serving as creative consultant. Star Wars Episode 7 is targeted for release in 2015, with more feature films expected to continue the Star Wars saga and grow the franchise well into the future.

The acquisition combines two highly compatible family entertainment brands, and strengthens the long-standing beneficial relationship between them that already includes successful integration of Star Wars content into Disney theme parks in Anaheim, Orlando, Paris and Tokyo.

Driven by a tremendously talented creative team, Lucasfilm’s legendary Star Wars franchise has flourished for more than 35 years, and offers a virtually limitless universe of characters and stories to drive continued feature film releases and franchise growth over the long term. Star Wars resonates with consumers around the world and creates extensive opportunities for Disney to deliver the content across its diverse portfolio of businesses including movies, television, consumer products, games and theme parks. Star Wars feature films have earned a total of $4.4 billion in global box to date, and continued global demand has made Star Wars one of the world’s top product brands, and Lucasfilm a leading product licensor in the United States in 2011. The franchise provides a sustainable source of high quality, branded content with global appeal and is well suited for new business models including digital platforms, putting the acquisition in strong alignment with Disney’s strategic priorities for continued long-term growth.

The Lucasfilm acquisition follows Disney’s very successful acquisitions of Pixar and Marvel, which demonstrated the company’s unique ability to fully develop and expand the financial potential of high quality creative content with compelling characters and storytelling through the application ofinnovative technology and multiplatform distribution on a truly global basis to create maximum value. Adding Lucasfilm to Disney’s portfolio of world class brands significantly enhances the company’s ability to serve consumers with a broad variety of the world’s highest-quality content and to create additional long-term value for our shareholders.

The Boards of Directors of Disney and Lucasfilm have approved the transaction, which is subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act, certain non-United States merger control regulations, and other customary closing conditions. The agreement has been approved by the sole shareholder of Lucasfilm.

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Re: Disney Buys Lucasfilm

Postby cas » Tue Oct 30, 2012 1:19 pm

My mind. It's blown. I don't even.
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Re: Disney Buys Lucasfilm

Postby banthafodder » Tue Oct 30, 2012 1:30 pm

This is pretty mindblowing. It doesn't fit in well with Lucas giving up control though. However it may lead to some better movies than the last three. Even better new non clone lego sets!
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Re: Disney Buys Lucasfilm for $4B, Episode 7 in 2015

Postby JamesBenjamin » Tue Oct 30, 2012 1:33 pm

Wha what WHAT?
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Re: Disney Buys Lucasfilm for $4B, Episode 7 in 2015

Postby hatcher » Tue Oct 30, 2012 1:34 pm

For a minute there I thought it was April 1st. Not sure whether to be excited by this, or terrified.
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Re: Disney Buys Lucasfilm for $4B, Episode 7 in 2015

Postby onions » Tue Oct 30, 2012 1:36 pm

hatcher wrote:For a minute there I thought it was April 1st. Not sure whether to be excited by this, or terrified.



i think everyone is numb from this.
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Re: Disney Buys Lucasfilm for $4B, Episode 7 in 2015

Postby CloneEmperor » Tue Oct 30, 2012 1:36 pm

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Re: Disney Buys Lucasfilm

Postby onions » Tue Oct 30, 2012 1:39 pm

banthafodder wrote:This is pretty mindblowing. It doesn't fit in well with Lucas giving up control though. However it may lead to some better movies than the last three. Even better new non clone lego sets!



given the price tag, i'm not surprised.
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Re: Disney Buys Lucasfilm for $4B, Episode 7 in 2015

Postby dWhisper » Tue Oct 30, 2012 1:43 pm

This can go a couple of ways. They could lt it go like Pixar... while Disney has stressed some things with Pixar, overall, it's helped them. Marvel has similarly flourished under the Disney umbrella.

Or... it could go like ABC, ESPN, and become some sort of nightmare. Hashing out new games like they were Madden Football titles.

Either way, maybe we'll finally get digital releases on iTunes and a collector's set with all of the different versions of the films.
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Re: Disney Buys Lucasfilm for $4B, Episode 7 in 2015

Postby Chief » Tue Oct 30, 2012 1:49 pm

Star Wars out of Lucas' hands? I say BRING IT ON. :D
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Re: Disney Buys Lucasfilm for $4B, Episode 7 in 2015

Postby onions » Tue Oct 30, 2012 1:50 pm

what do you mean by espn and games? you can blame EA for the madden rehashes. i don't see how that relates to disney's television division.
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Re: Disney Buys Lucasfilm for $4B, Episode 7 in 2015

Postby Solo » Tue Oct 30, 2012 1:51 pm

I see little bad coming from this. Either the new direction Disney heads turns out great and fans can rejoice at how much better things are without Lucas being involved, or Disney might run it into the ground and fans can reminisce about the good ol' days and forget about all the wrongs of the past that they hate him for now.

But if the slated episode 7 winds up being directed by Jerry Bruckheimer and stars Johnny Depp, god help us all.
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Re: Disney Buys Lucasfilm for $4B, Episode 7 in 2015

Postby dWhisper » Tue Oct 30, 2012 1:53 pm

Also, there is this...

Epcot Center = Death Star

onions wrote:what do you mean by espn and games? you can blame EA for the madden rehashes. i don't see how that relates to disney's television division.


ESPN is the worst thing to happen to sports since John Rocker. It has the effect of dumbing down and sensationalizing everything about it. Not to mention it's all flash and no style or substance. As for EA, it was more the fault of the news cycle and ESPN that pulled development out of gameplay and into all the side stuff, which effectively ruined the series.

I'm more saying that they could just take it and pump it for all it's worth instead of building something sustainable.
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Re: Disney Buys Lucasfilm for $4B, Episode 7 in 2015

Postby onions » Tue Oct 30, 2012 1:58 pm

Solo wrote:I see little bad coming from this. Either the new direction Disney heads turns out great and fans can rejoice at how much better things are without Lucas being involved, or Disney might run it into the ground and fans can reminisce about the good ol' days and forget about all the wrongs of the past that they hate him for now.

But if the slated episode 7 winds up being directed by Jerry Bruckheimer and stars Johnny Depp, god help us all.


oh man, i didn't even consider that. i was too busy fantasizing about joss whedon directing a star wars film. the possibilities are endless....
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Re: Disney Buys Lucasfilm for $4B, Episode 7 in 2015

Postby dWhisper » Tue Oct 30, 2012 2:01 pm

But what if they got Joss Whedon to direct and Joseph Gordon-Levitt to star?
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Re: Disney Buys Lucasfilm for $4B, Episode 7 in 2015

Postby Ted495 » Tue Oct 30, 2012 2:03 pm

Thrawn Triology?


I would be so pumped I don't know if I could control myself.


The best SW films were always when it was Lucas's vision + others cutting\filming\editing\directing.
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Re: Disney Buys Lucasfilm for $4B, Episode 7 in 2015

Postby zhouston » Tue Oct 30, 2012 2:05 pm

"I have a bad feeling about this"
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Re: Disney Buys Lucasfilm for $4B, Episode 7 in 2015

Postby azoreg » Tue Oct 30, 2012 2:07 pm

Luckily... Didn't Lego just finish re-negotiating their Star Wars license? Negotiating with the Mouse would have been more difficult I think.
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Re: Disney Buys Lucasfilm for $4B, Episode 7 in 2015

Postby Solo » Tue Oct 30, 2012 2:10 pm

Why? They already have all kinds of Disney licenses. This should make things easier I'd imagine.
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Re: Disney Buys Lucasfilm for $4B, Episode 7 in 2015

Postby dWhisper » Tue Oct 30, 2012 2:10 pm

Ted495 wrote:Thrawn Triology?

I would be so pumped I don't know if I could control myself.


Doubtful. I could see them integrating parts of it, but the simple fact is, the principle cast is all far too old. More than that, while that story is well known in the more fanatic fringe, it's unknown entirely to pretty much the entire market for Star Wars and Disney.

Besides, those books are basically just Star Wars being Michael Bay-ized. Characters running from one explosion to the next, the whole lot of it.

Whatever they do either has to be set well into the future, or incorporate the characters later in life. Though it will be nice seeing a lot of the EU stuff basically negated.
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