WOW! Disney buys Lucasfilm for $4 Billion! New Star Wars in 2015 by DISNEY.

[2MuchMark]

Amazing!

Disney announced today it will buy Lucasfilm for $4 billion in cash and stock.

George Lucas, the creator of the Star Wars franchise and CEO of Lucasfilm, owns 100% of the company.

Even better: A new Star Wars movie, Episode VII, will debut in 2015. More Star Wars feature films are planned after that.

Here's the full press release:

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 strate!
gic 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.

http://www.businessinsider.com/disne...#ixzz2AoganH1e

[KillerK]

dude you are way behind...

timeline pic

[sperbonzo]

Originally Posted by **********

Amazing!



http://www.businessinsider.com/disne...#ixzz2AoganH1e

Hopefully it will be good stuff and they won't screw it up with things like storm troopers that you can kill off a dozen at a time with no effort, or characters like Jar Jar Binks....



... But I would love to see more star wars movies if they can get it right.





.

[StickyGreen]

Star Wars is fucking gay...

[Jman]

Sucks for the real fans, Disney's gonna fuck it up

[tony286]

its like did George have any other creative ideas besides this and raiders? The last sucked. Its like beating a dead horse.

[ColBigBalls]

http://media.giantbomb.com/uploads/0...inks_large.jpg


Be prepared.

[Rockhound]

Why am I afraid I'll hate the next Star Wars when there will be no deaths in it because it's now a "Disney family movie" and the theme song will be by Elton John

[sandman!]

[wehateporn]

[candyflip]

Originally Posted by Rockhound

Why am I afraid I'll hate the next Star Wars when there will be no deaths in it because it's now a "Disney family movie" and the theme song will be by Elton John

It didn't fair well at the box office (Biggest bomb this year), but John Carter wasn't awful. With the Star Wars IP, Disney will likely do more good for the franchise than Lucas has the past 15 years.

I haven't read anything about Indiana Jones, but I would assume that this factors into the acquisition as well.

[seeandsee]

[alex.missyouth]

Disney is gonna fuck it up BIG time.-