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focusfocus The #1 Nigga, I Don't Need No Hype.Posts: 5,362 ✭✭✭✭✭
edited October 2012 in Lights, Camera, Action!
The Walt Disney Company Acquires LucasFilm; Star Wars: Episode VII Set for 2015
This is the most amazing thing you'll read all day.

by Jim Vejvoda OCTOBER 30, 2012

Holy crap, fanboys!

Not only did the news break today that the Walt Disney Company has acquired Lucasfilm Ltd. for $4.05 billion, but the studio press release also announces that a Star Wars: Episode VII feature film is targeted for a 2015 release! Yes, 2015 will give us The Avengers 2, Justice League of America and now a new Star Wars movie!


The original press release as follows:

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.



  • Elzo69RenaissanceElzo69Renaissance Never selling dreams, always serving cream SeattlePosts: 50,628 ✭✭✭✭✭
    Great look for Lucas but we dont need an episode 7 btw I wonder how much Spielberg got
    As I look back over a misspent life, I find myself more and more convinced that I had more fun posting on the IC than in any other enterprise. It is really the life of kings.

  • infamous114infamous114 Down in Miami where it's warm in the winter. Posts: 52,024 Regulator
  • VIBEVIBE Posts: 54,350 ✭✭✭✭✭
    WTF? Episode 7..

    MAAAAN, it's going to ruin Star Wars.
    El PayasoStoneColdMikeySwiffness!  Colin$mackabi$h
  • focusfocus The #1 Nigga, I Don't Need No Hype. Posts: 5,362 ✭✭✭✭✭
    edited October 2012
    I know niggas not about to act like this is immediately a bad thing? Look what Disney did for/with Pixar and Marvel.

    I'm not the biggest Star Wars fan, so maybe I see it differently. But if any universe still has tons of stories it can tell, its Star Wars.

  • Mr.LVMr.LV Posts: 14,055 ✭✭✭✭✭
    Fans of star wars don't even like episode 1,2,3 and that was from George Lucas.Episode 7 is going to get shitted on badly.

    StoneColdMikey313 wayz
  • focusfocus The #1 Nigga, I Don't Need No Hype. Posts: 5,362 ✭✭✭✭✭
    edited October 2012
    UPDATE: Disney announces in an investor conference call after today's announcement that they intend to make more than one new Star Wars movie, beginning with Episode VII in 2015 followed by Episodes VIII and IX "every other year" and then "we'll go from there."

    Also, this deal means Disney also now owns the Indiana Jones franchise as well as effects firm Industrial Light & Magic and Skywalker Sound.


  • KNiGHTSKNiGHTS Mr. Fifth Letter Your ConsciencePosts: 4,435 ✭✭✭✭✭
    Mr.LV wrote: »
    Mr.LV wrote: »
    Fans of star wars don't even like episode 1,2,3 and that was from George Lucas.Episode 7 is going to get shitted on badly.

    It's almost universally recognized that Star Wars anything is better when George Lucas isn't involved. Read some of the books or comics. You'll be surprised how far down the list his work falls.

    On the flip side, son sold his company for a 100 million less than the total gross of the films in the franchise. That's some boss shit.
  • 1CK1S1CK1S Posts: 27,472 ✭✭✭✭✭
    The fuck episode seven gonna be about?!!!
    I don't have dreams I have goals. Dreams are what you have when you are sleep. Goals are what you strive to reach when you are awake!
    VIBEocelot  Colin$mackabi$h
  • dogfromduckhuntdogfromduckhunt Posts: 694 ✭✭✭✭
    Wouldn't mind Thrawn or the X-Wing series of books hitting the screen. Got a lot to work with though. Lot of garbage too..like NJO. yeah.

    Don't think it's possible to do worse than Ep 1 so I'll give whatever they do a watch.
  • trilladelictrilladelic Posts: 4,454 ✭✭✭✭✭
    pro smoke, pro choke, anti-broke, conservative liberal..
  • grumpy_new_yorkergrumpy_new_yorker Use your head for more than a hat rack Posts: 5,961 ✭✭✭✭✭
    Hopefully they base it on The Thrawn trilogy (what the Dark Horse comics were based on.) Takes place 5 years after the episode VI. Those were good books. They cloned Skywalker in the last one.

    Sean Price (R.I.P.) - Lighters in the Air
  • DarthRozayDarthRozay Posts: 20,552 ✭✭✭✭✭
    I've always been wondering if they'd ever do episodes 7-9 after I seen the George Lucas article from the 80's where he said he planned to do episodes 1-3 and episodes 7-9, so this will be interesting at least from that standpoint. Hopefully they don't make this like episodes 1-3 where the original fans hate the movies.

  • El PayasoEl Payaso Posts: 1,446 ✭✭✭✭
  • AmotekunAmotekun Posts: 7,820 ✭✭✭✭✭

    A new reason to break out some Star Wars outfits.

    Ive got a whole Light Saber kata down pat.

  • dalyricalbanditdalyricalbandit Co-Owner Of AllhipHop.com, Super Moderator, Administrator, Moderator Posts: 67,804 Regulator
  • GhostdenithegawdGhostdenithegawd Up from da 36 chambers HarlemPosts: 16,197 ✭✭✭✭✭
    MobTown wrote: »
    this is actually a good idea, starwars didnt end with 6, the lore continued after with comics that are official lore sanctioned by George lucas. Everyone wants to see what happens next like Leia becoming a jedi, her twins balancing the force and all the stuff way after that

    yeah i remember dipping into that awile back seeing some star wars storys that where actually really good what they need to do is a KOTOR movie, i hope they dont overdose on that bullshit cgi like they did for 1-3
  • achewon87achewon87 Mash Out Posse Survivor Series '97Posts: 5,459 ✭✭✭✭✭
    Just going to milk it and water it down some more. Disney track record with sci-fi is not very good lately, John Carter, Tron anyone? Lucas has been making it a kids movie since the Ewoks of ROTJ so I can see why he did this besides the truckloads of $. I will keep expectations low and who knows might get surprised with a good Star Wars flick.

  • CopperCopper The WickPosts: 49,511 ✭✭✭✭✭
    icks86 wrote: »
    The fuck episode seven gonna be about?!!!

    Same thing i was thinking
    but lets not act like the last star wars wasn't dope
  • The Lonious MonkThe Lonious Monk Man with No Fucks Given Posts: 26,233 ✭✭✭✭✭
    This would have been cool, if they hadn't screwed up the prequel trilogy.
    Niggas think that they own things and man sits high upon thrones
    But when you die, tell me what the fuck you own.
    When your skin, flesh, and bones find a permanent home
    as food for worms or fossils trapped in stone. - Rza in "What's Going On?"

  • StoneColdMikeyStoneColdMikey mikeyismod CHITOWN THE BEST TOWNPosts: 33,492 Regulator
    If disney didnt fuck up with Marvel they shouldnt fuck up with this. I really hope they dont ruin star wars
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