Jump to content
LCVG
JoeyN

SHOCKER- Disney Buys Lucasfilm for $4 Billion (announces new film for 2015)

Recommended Posts

Here is the press release

Global leader in high-quality family entertainment agrees to acquire world-renowned Lucasfilm Ltd, including legendary STAR WARS franchise.

Acquisition continues Disney's strategic focus on creating and monetizing the world's best branded content, innovative technology and global growth to drive long-term shareholder value.

Lucasfilm to join company's global portfolio of world class brands including Disney, ESPN, Pixar, Marvel and ABC.

STAR WARS: EPISODE 7 feature film targeted for release in 2015.

Burbank, CA and San Francisco, CA, October 30, 2012 – 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 that Star 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 Warsfranchise 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 Wars feature 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 Warsfranchise 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 of innovative 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.

Note: Additional information and comments from Robert A. Iger, chairman and CEO, The Walt Disney Company, and Jay Rasulo, senior executive vice president and CFO, The Walt Disney Company, regarding Disney's acquisition of Lucasfilm, are attached.

Share this post


Link to post
Share on other sites

Uhhh...did you not see the really fucked up part?

 

"Star Wars Episode 7 set for release in 2015"

 

EDIT: Sorry, I see it in the release, I thought you would have put a huge flashing bold text on it. HAH.

Share this post


Link to post
Share on other sites

That's certainly got me thinking, yes. Just who has the absolute right to allow the originals to be restored and released I wonder?

 

Also, can Pixar turn their Dia de los Muertos film into a Grim Fandango movie now please... :)

Share this post


Link to post
Share on other sites

Wholly shit. Episode 7? Disney is Pixar, Marvel, and Star Wars now? It does kind of make sense. But wholly shit. Not sure what that means for Fox and their involvement with distributing Star Wars.

Share this post


Link to post
Share on other sites

Lucas may have some input on the series, but The Clone Wars Animated series is how good SW can be with others in charge/writing. Frankly, I hope they get good people behind these new movies, as well as the live action tv series that was being worked on.

 

The Circle is now complete Pixar, Marvel, Lucasfilm.

Share this post


Link to post
Share on other sites
with George Lucas serving as creative consultant. Star WarsEpisode 7 is targeted for release in 2015,

Hopefully it's only as creative consultant.

 

Reason for A New Hope?

 

[/rimshot]

  • Like 1

Share this post


Link to post
Share on other sites

Not sure what that means for Fox and their involvement with distributing Star Wars.

 

In so far as their logo being in front of the previous six it may not change, in the way that Paramount's logo on the Iron Man movies doesn't change (even with Iron Man 3). Distribution rights may fall to Disney in future however.

Share this post


Link to post
Share on other sites

I just imagine the people at Disney thinking "Well fox won't let the rights revert back to us for X-men, FF, Daredevil, etc. What can we do to really screw with them . Oh let's throw down 4 Billion for lucasfilm and take SW."

Share this post


Link to post
Share on other sites
This also means they own Indiana Jones, Willow and whatever other properties lucas has done.

Good. Get Willow out on Blu and quit fucking around.

 

Indy? He's dead. There's no need to rape the body.

Share this post


Link to post
Share on other sites

Update:

 

BenKuchera ‏@BenKuchera

 

Quote: Fox does not have future distribution rights to Star Wars. All future films will be co-branded Lucas / Disney.

Share this post


Link to post
Share on other sites
This also means they own Indiana Jones

Just wanted to mention that they don't have full rights to Indy as far as distribution is concerned. They still have to deal with Paramount on Indy who put money into those movies.

Share this post


Link to post
Share on other sites

Someone needs to photoshop the Disney mouse ears cap on Lucas. Would be brilliant.

 

There's a nice pic of the ears on the Yoda statue from outside of the Presidio office.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

×
×
  • Create New...