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Posted by Adenn`Verda on Oct 30th, 2012


The Walt Disney Company Acquires LucasFilm; Star Wars: Episode VII Set for 2015

This is the most amazing thing you'll read all day.


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.

Post comment Comments
Headhunter128
Headhunter128 Oct 30 2012, 4:57pm says:

NOOOOOOOOOOOOOOOOOOOOO!

Of all companies... WHY DISNEY!?!?!

Great... new Star Wars movie is gonna be PG13 >.<

+5 votes     reply to comment
Adenn`Verda
Adenn`Verda Oct 30 2012, 5:01pm replied:

When I saw this news I stared at the moniter of my comp saying over and over gain "no"

+3 votes     reply to comment
Ρrʌжis
Ρrʌжis Oct 30 2012, 6:35pm says:

Nooooooooooooooo.com

Just keep pressing it until your hearts content.

If Lucas stays the **** away from the studio that's making EP VII it will already be 50% better.... now if only Disney wasn't the one producing it >.< I want it R-rated dammit!

+3 votes     reply to comment
_w_
_w_ Oct 30 2012, 6:37pm replied:

it will never be content again.

+2 votes     reply to comment
_w_
_w_ Oct 30 2012, 6:38pm says:

i could handle the ****** prequels, the 'meh' TCW series. but this?
and what about the games? -__-

well i've taken my precautions..

+2 votes     reply to comment
_w_
_w_ Oct 30 2012, 6:53pm replied:

i've made my char compatible to the latest events, tremble!

+3 votes     reply to comment
Fenris58
Fenris58 Oct 30 2012, 9:40pm says:

"On October 30, 2012, LucasArts was acquired by The Walt Disney Company through the acquisition of its parent company Lucasfilm in a deal for $4.05 billion dollars. Disney stated that its present intent was for all employees at Lucasfilm and its subsidiaries to remain at their present positions. All projects are reported to still be on, as a LucasArts representative said that "for the time being, all projects are business as usual"."

+1 vote     reply to comment
AK151
AK151 Oct 30 2012, 10:05pm says:

Well, there's an opportunity wasted.

Seriously! New hands, and they've already destroyed their only chance of making a movie that's not going to **** off SOME fan faction.

MAKE A KOTOR MOVIE!!!

+1 vote     reply to comment
Ρrʌжis
Ρrʌжis Oct 30 2012, 10:16pm replied:

So...Are you angry about them selling out to Disney or happy? :/

+1 vote     reply to comment
AK151
AK151 Oct 30 2012, 11:14pm replied:

I try to be optimistic. They make the movie good (small chance, but still, you never know), good for them and for the franchise. They make the movie bad, I get to burn some more effigies...

:D

+1 vote     reply to comment
Sab3rr
Sab3rr Oct 31 2012, 9:00am says: +2 votes     reply to comment
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