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Thread: Disney Buys Lucasfilm - New Star Wars Film Announced

  1. #1
    Administrator Ian Jane's Avatar
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    Dec 2010
    Queens, NYC

    Disney Buys Lucasfilm - New Star Wars Film Announced

    An impending sign of the end times?

    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 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 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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    Rock! Shock! Pop!

  2. #2
    So that last trilogy was George pitching woo to the mouse? Explains everything.

  3. #3
    Gearing his films for the children in the audience was always Lucas's intention from the start, and it's one of the reasons the franchise has lasted as long as it has.

    On another point, Disney has become too big.

    They're also quite dense when it comes to hearing demands of the fans for back catalog titles. They're still releasing their old widescreen films full-frame and pan & scan.

    So don't look for the original theatrical cut of Star Wars on blu-ray anytime soon.
    "I've been to college, but I can still speak English when business demands it."
    - Raymond Chandler, 1939.

  4. #4
    like a hole in the head Toyboy's Avatar
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    Jan 2011
    They should put out some toys. Those would go over well. Any merchandise would be a good thing I think.

    Pajamas. Pillow cases.

  5. #5
    Don't forget juice-box holders.

    I so glad someone invented those. Up until now, I kept dropping my juice box.

  6. #6
    like a hole in the head Toyboy's Avatar
    Join Date
    Jan 2011
    I didn't know there was such a thing. I have the same problem.

    I would drink box juice out of Luke's head.

  7. #7
    Man that's creepy.
    "Ah! By god's balls what licentiousness!"

    Marquis de Sade, The 120 Days of Sodom.

  8. #8
    like a hole in the head Toyboy's Avatar
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    Jan 2011
    Here's art for the new STAR WARS film.

  9. #9

    Re: Disney Buys Lucasfilm - New Star Wars Film Announced

    Lucas' audience wasn't kids, that last go-round, it was Disney. That's why such a long-lived franchise failed it's faithful audience so badly. George, think of the children.

    It's no wonder they turned to the juice.

  10. #10
    Senior Member The Silly Swede's Avatar
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    Aug 2011
    I guess will see one new star wars film/cartoon/toy launch every year until 2053 just for Disney to break even.
    "No presh from the Dresh!"

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