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Walt Disney to buy Lucasfilm; Star Wars: Episode 7 in 2015

Written by James Delahunty (Google+) @ 30 Oct 2012 16:13 User comments (21)

Walt Disney to buy Lucasfilm; Star Wars: Episode 7 in 2015 Disney to buy Lucasfilm.
The reported deal is worth $4.05 billion in stock and cash, which is good news for George Lucas, who is the sole owner of the studio.

It was also announced that Star Wars: Episode 7 would be targeted for release in 2015. That will be followed by Episodes 8 and 9.

"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."

The $4.05 billion valuation is based on the terms of the agreement, and the closing price of Disney stock on Friday, with Disney paying approximately half of the consideration in cash and issuing approximately 40 million shares at closing.

"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."

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21 user comments

130.10.2012 16:19

holy shit! big move!

230.10.2012 16:30

Sweet deal. Now we can look forward to the super duper, mega, ultra enhanced, 3D, uncut, directors , remastered again, Bluray+DVD+digital download+ultra violet, tickle my balls while I watch, oh my god I got a small plastic toy with it, Darth Vader mask included, wonder edition!! I'm gonna be first in line for that wearing my storm trooper outfit.

330.10.2012 16:34

Originally posted by CNDLG:
Sweet deal. Now we can look forward to the super duper, mega, ultra enhanced, 3D, uncut, directors , remastered again, Bluray+DVD+digital download+ultra violet, tickle my balls while I watch, oh my god I got a small plastic toy with it, Darth Vader mask included, wonder edition!! I'm gonna be first in line for that wearing my storm trooper outfit.
Don't forget, about "the vault"

Custom Computer rebuild 2.80GHZ@6cores/8GBRAM|3DS | WII|360|PS3|

430.10.2012 16:46

Oh god, all the merchandise... Mickey as Luke, Donald as Han, Goofy as the Emperor!

Why can't I be 5 years old again?

530.10.2012 16:48

First Pixar then Marvel and now Lucasfilm. Not a bad 6 years for Disney. What's next...Nintendo?

630.10.2012 19:25

Darth Mickey:
https://pbs.twimg.com/media/A6faAAaCIAIWN5L.png:large
https://pbs.twimg.com/media/A6ftjRpCcAAvlDz.jpg:large

This message has been edited since its posting. Latest edit was made on 30 Oct 2012 @ 21:01

Live Free or Die.
The rule above all the rules is: Survive !
Capitalism: Funnel most of the $$$ to the already rich.

730.10.2012 20:25

Did anyone else see Star Wars: Episode 7 in the headline and think "That's got to be a joke"? Not sure how I feel about all this. Maybe at least now George will stop his incessant tinkering with the first two trilogies...


830.10.2012 21:23

Originally posted by nonoitall:
Did anyone else see Star Wars: Episode 7 in the headline and think "That's got to be a joke"? Not sure how I feel about all this. Maybe at least now George will stop his incessant tinkering with the first two trilogies...
Why a joke? It was always on the cards. There are nine of them afterall, only six have been made to major motion picture.

930.10.2012 22:25

always was intended to be 9 part series, even back in the late 70's when i was in my late teens seeing star wars 6x.

1030.10.2012 23:30

Originally posted by ddp:
always was intended to be 9 part series, even back in the late 70's when i was in my late teens seeing star wars 6x.

Lucas didn't want to make the last three because they were uneventful or something?

1131.10.2012 2:00

Originally posted by Dela:
There are nine of them afterall, only six have been made to major motion picture.

Hmm, first I'd heard of it. Guess that makes me feel marginally better. :-P

Still hope George stops messing with the old ones.

1231.10.2012 3:22

Originally posted by CNDLG:
Sweet deal. Now we can look forward to the super duper, mega, ultra enhanced, 3D, uncut, directors , remastered again, Bluray+DVD+digital download+ultra violet, tickle my balls while I watch, oh my god I got a small plastic toy with it, Darth Vader mask included, wonder edition!! I'm gonna be first in line for that wearing my storm trooper outfit.
lol

1331.10.2012 3:30

Let's just hope we get a decent Star Wars film out of this. The Avengers, at the very least, is amazing. Maybe Hollywood will actually get the point now: Good movies sell.



1431.10.2012 3:47

can't wait! I just can't wait to see where the story goes! I hope i don't die before they have all been made.


ZX Spectrum 128K

1531.10.2012 14:02

Will be very interested in this as well. The story line has to be good. I know I watch with my kid the anime of the clone wars. That is a decently written story.

1631.10.2012 14:03

Originally posted by WW3:
Originally posted by CNDLG:
Sweet deal. Now we can look forward to the super duper, mega, ultra enhanced, 3D, uncut, directors , remastered again, Bluray+DVD+digital download+ultra violet, tickle my balls while I watch, oh my god I got a small plastic toy with it, Darth Vader mask included, wonder edition!! I'm gonna be first in line for that wearing my storm trooper outfit.
Don't forget, about "the vault"
Ah crap... First poster got me all wound up until you threatened to lock away my Star Wars for 10 years!

Originally posted by Qliphah:
Oh god, all the merchandise... Mickey as Luke, Donald as Han, Goofy as the Emperor!

Why can't I be 5 years old again?
Bingo!

1731.10.2012 14:26

Originally posted by Han Solo:
I got a bad feeling about this.

Ditto.


1831.10.2012 16:55

I'm actually pretty happy to hear this; not much surprised, though: Lucas and Disney have been pretty tight for the last few decades (Star Tours, Indianna Jones ride, ETC).

As far as I'm concerned, the only good things to come from Star Wars post-Episode VI have been without Lucas' direct involvement, and the bad having all too much to do with him (I-III).

I can only pray VII uses some of the universe fans have been building for the past three decades.



1931.10.2012 20:18

I, too, would pay $4 billion to take the Star Wars franchise out of the hands of Lucas.

2031.10.2012 21:25

Dela, i think it was because of the time taken to do the 6 parts especially the time delay part 6 & part 1, he didn't think he'll live long enough to do parts 7-9.

211.11.2012 12:03

Originally posted by Dela:
Originally posted by ddp:
always was intended to be 9 part series, even back in the late 70's when i was in my late teens seeing star wars 6x.

Lucas didn't want to make the last three because they were uneventful or something?
No, because each movie consumed three or four years of his life. Even when he wasn't directing he was occupied full-time in story boards, planning sets, overseeing alien design, etc.

He's 68 now. When you get to be that age, you start thinking very seriously on how you want to spend your remaining time. Why do more Star Wars movies when he's overseen six before and could better spend the time on something new?

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