Disney buys Lucasfilm Star Wars: Episode VII: The Force Awakens December 18, 2015

Frankie_b

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Aug 31, 2009
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i dont know what a plinkett is

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 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 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.
 

LiddyRules

I'm Gonna Be The Bestest Pilot In The Whole Galaxy
Jun 1, 2005
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#4
First off, I sincerely doubt that there'll be a Star Wars 7 in 2015. I'd put money on no Star Wars 7 in 2015 unless it's all animated like The Clone Wars.

Secondly Frankie_b do you really not know who Lord Plinkett is? Get thee to www.redlettermedia.com forthwith.

So Disney buys Marvel and Lucasfilms...interesting.
 

NuttyJim

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Feb 18, 2006
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#5
Fucking Sell Out
 

Neon

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#7
First off, I sincerely doubt that there'll be a Star Wars 7 in 2015. I'd put money on no Star Wars 7 in 2015 unless it's all animated like The Clone Wars.

Secondly Frankie_b do you really not know who Lord Plinkett is? Get thee towww.redlettermedia.com forthwith.

So Disney buys Marvel and Lucasfilms...interesting.
Heed the words of the Apostle Liddy; for the path to truth lies within this webzone. "What's wrong with your face???" sayeth the LORD.
 

Neon

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#9
OK, speculate-speculate time:

I say the movie will be about Han and Leia's daughter. I expect them to cast Kristin Stewart. Mark the date.
 

LB75

Registered User
Dec 7, 2007
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#10
OK, speculate-speculate time:

I say the movie will be about Han and Leia's daughter. I expect them to cast Kristin Stewart. Mark the date.
Yep, I can see the whole Legacy of the Force series being turned into a movie.
 

Neon

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#12
@Redlettermedia
No need to inform us of the Lucasfilm/Disney situation. We are aware. The internet imploded in on itself immediately after the announcement.
 

Frankie_b

Talk softly and drive a big tank!
Aug 31, 2009
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#17
they are saying theres going to be a new trilogy 7 - 9 with the likely hood of even more :meh:
 

silentbob8201

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Jun 29, 2005
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#18
Hammil's gotta Eat! And we already know Disney is very respectful to Star Wars Canon
 

kidconnor

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Mar 16, 2005
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#19
OK, speculate-speculate time:

I say the movie will be about Han and Leia's daughter. I expect them to cast Kristin Stewart. Mark the date.
I want to say there are a lot of star wars books out. Like too many to say what's going to happen. I did read about 3 of them. In the ones I read Han and Leia had twins. There was some female that became the right hand of the Sith lord that was almost romantically involved with Luke. And there ws some war on the wookie planet.

It was a long time time ago.


If its a generation change then I will probably hate it. Although I liked the new star trek so who knows. Plus I will most likely become more miserable in 2-3 years and may hate everything.
 

thekidslepthere

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May 19, 2004
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#20
First off, I sincerely doubt that there'll be a Star Wars 7 in 2015. I'd put money on no Star Wars 7 in 2015 unless it's all animated like The Clone Wars.

Secondly Frankie_b do you really not know who Lord Plinkett is? Get thee to www.redlettermedia.com forthwith.

So Disney buys Marvel and Lucasfilms...interesting.
Lucas does have around 50 scripts complete for that rumored Bounty Hunter TV series (trust me I know someone who worked on it).

Of course ABC doesn't have a cable network it would work on, but they did just create a division to handle scripted material for cable channels they don't own a month ago, coincidence?

And who knows, maybe there's a script for episode seven already in the can.
 

Neon

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#21
George Lucas is just a workaholic. He can't wait to get out there and... sit in a chair drinking coffee watching two monitors in shot/reverse shot. That man has the creative bug.
 

Yesterdays Hero

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#22
Well there's a fuck ton of books that continue the story of the original trilogy. Unless they're going WAY forward in time, I doubt it works out well.
 

silentbob8201

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Jun 29, 2005
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#23
Lucas does have around 50 scripts complete for that rumored Bounty Hunter TV series (trust me I know someone who worked on it).

Of course ABC doesn't have a cable network it would work on, but they did just create a division to handle scripted material for cable channels they don't own a month ago, coincidence?

And who knows, maybe there's a script for episode seven already in the can.
I'd be willing to bet there is atleast an Outline. Knowing it's usually takes 3 years at the least to make one of these movies.
 

Frankie_b

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Aug 31, 2009
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#24
I'd be willing to bet there is atleast an Outline. Knowing it's usually takes 3 years at the least to make one of these movies.
they've mentioned in this call about Star Wars on TV, i think they said Disney XD
 

Neon

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#25
I just realized that because the original trilogy doesn't exist on Blu-Ray, there is officially nothing about the Star Wars franchise that I currently like. Until that is released, I'm calling it - Star Wars officially sucks.