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Disney buys Lucasfilm. Star wars ep 7 in 2015

post #1 of 1379
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Global leader in high-quality family entertainment agrees to acquire world-renowned Lucasfilm Ltd, including legendary STAR WARS franchise.

Acquisition continues Disney's strategic focus on creating and monetizing the world's best branded content, innovative technology and global growth to drive long-term shareholder value.

Lucasfilm to join company's global portfolio of world class brands including Disney, ESPN, Pixar, Marvel and ABC.

STAR WARS: EPISODE 7 feature film targeted for release in 2015.

Burbank, CA and San Francisco, CA, October 30, 2012 – 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.

thats crazy. disney now owns marvel, lucasfilms and espn. Almsot everything I love

edit: I guess its a good thing, because Lucas wasnt going to make any more Star Wars movies. Im keeping my fingers crossed that somewhere along the line an Old Republic movie will be made
post #2 of 1379
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post #3 of 1379

i don't want anymore star wars let the franchise stay a classic. A reboot will soil the legacy

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post #4 of 1379

Oh man... I just don't know.  I'm all for more Star Wars but I won't be able to deal with another "Prequel-quality" of films.  eyes.gif

 

Don't &$#@ it up.

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post #5 of 1379
Thread Starter 
Quote:
Originally Posted by qtnettles View Post

i don't want anymore star wars let the franchise stay a classic. A reboot will soil the legacy

I dont think they would reboot it. but there are tons of novels that take place after the original trilogy, plus they can always go back before

and also disney isnt afraid to hire real directors to do stuff, unlike Lucas.
post #6 of 1379
Quote:
Originally Posted by qtnettles View Post

i don't want anymore star wars let the franchise stay a classic. A reboot will soil the legacy
OG star wars is good with or without a reboot.

However, kudos to Disney!
post #7 of 1379
Crazy move by Disney!

Makes sense for Lucas...they could only milk the original 6 movies for so long.
post #8 of 1379
Wow, this is crazy. As a Star Wars fanatic myself, I'm actually extremely excited just at the tonight of more live action Star Wars movies on the way. Now can Disney please let Joe Johnson film his Boba Fett movie???
post #9 of 1379
Obi wan in Kingdom Hearts 3 roll.gif

They should have left the original series alone. No need for episode 7

EDIT: Lucas is DONE with this franchise. After further review it's time to rejoice!

I also realized that Disney now owns Indiana Jones as well
Edited by HybridSoldier23 - 10/30/12 at 1:35pm
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post #10 of 1379
Oh my, this is
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post #11 of 1379
Thread Starter 
Now the article did say Episode 7, but Im not sure if they mean a 7th movie or a prequel etc. The movie could take place thousands of years after Jedi. who knows
post #12 of 1379
There is like 75 full novels they can go off of. I could write 20 films off the top of my stupid head there is so much material to choose from. There are comics they can go off of, there are the clone wars cartoons you could base off of.

They could jump ahead years after Jedi, they could jump back hundreds of years and start pre Vader era. They can do ANYTHING. Long as it has Sith, Jedi, lightsabers, and **** like that, they can just have my money.


I NEVER thought Lucas would sell. This is unbelievable. I'm so freaking geeked right now.

Thrawn, Mara Jade, Yuuzhan Vong, planet of the Sith, Talon Karde, Palleon, Jacen, Jaina, Anakin (not that one) the characters are ENDLESS.

This is an amazing day.
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post #13 of 1379
Quote:
Originally Posted by jQQQQQ View Post

Crazy move by Disney!
Makes sense for Lucas...they could only milk the original 6 movies for so long.

 

indiana jones titles as well. 

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post #14 of 1379
Thread Starter 
Now I just need Disney to somehow find a way to buy back the movie rights to Spiderman and the Xmen, then life will be complete.
Quote:
Originally Posted by NazDrowie View Post

indiana jones titles as well. 

ehh, maybe they should leave that 1 alone. lol
Quote:
Originally Posted by 100PROOF View Post

Thank God!
New star wars movies w/o Lucas there to F it up. And now maybe that TV series will get made.
2015 - Justice league, Avengers 2, and Star Wars 7, year of the geek pimp.gif

he's still there as a consultant, but I dont want him near the directors chair or writing table.
post #15 of 1379
I just read the "episode 7" book last week. It definitely needs to be the movie.
post #16 of 1379
Thank God!

New star wars movies w/o Lucas there to F it up. And now maybe that TV series will get made.

2015 - Justice league, Avengers 2, and Star Wars 7, year of the geek pimp.gif
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post #17 of 1379
I'm somewhat interested, but in the same token don't touch Star Wars anymore.

I say make a whole new saga with a new name, and dub it Episode 1.
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post #18 of 1379

After the new trilogy and what Lucas did to the old stuff.. there's no risk of "ruining" anything. There's more than enough material out there and I'm sure plenty who are excited to give their take on the saga, I'm excited for what they come up with.

post #19 of 1379

Full statement.

http://thewaltdisneycompany.com/disney-news/press-releases/2012/10/disney-acquire-lucasfilm-ltd

 

 

October 30, 2012

DISNEY TO ACQUIRE LUCASFILM LTD.

An investor conference call will take place at approximately 4:30 p.m. EDT / 1:30 p.m. PDT today, October 30, 2012. Details for the call are listed in the release.
DISNEY TO ACQUIRE LUCASFILM LTD.

Global leader in high-quality family entertainment agrees to acquire world-renowned Lucasfilm Ltd, including legendary STAR WARS franchise.

Acquisition continues Disney's strategic focus on creating and monetizing the world's best branded content, innovative technology and global growth to drive long-term shareholder value.

Lucasfilm to join company's global portfolio of world class brands including Disney, ESPN, Pixar, Marvel and ABC.

STAR WARS: EPISODE 7 feature film targeted for release in 2015.

Burbank, CA and San Francisco, CA, October 30, 2012 – 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 Warsfranchise 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 Warsfranchise 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.

Investor Conference Call:

An investor conference call will take place at approximately 4:30 p.m. EDT / 1:30 p.m. PDT today, October 30, 2012. To listen to the Webcast, turn your browser to /investors/eventsor dial in domestically at (888) 771-4371 or internationally at (847) 585-4405. For both dial-in numbers, the participant pass code is 33674546.

The discussion will be available via replay on the Disney Investor Relations website through November 13, 2012 at 5:00 PM EST/2:00 PM PST.

About The Walt Disney Company

The Walt Disney Company, together with its subsidiaries and affiliates, is a leading diversified international family entertainment and media enterprise with five business segments: media networks, parks and resorts, studio entertainment, interactive media, and consumer products. Disney is a Dow 30 company with revenues of over $40 billion in its Fiscal Year 2011.

About Lucasfilm Ltd.

Founded by George Lucas in 1971, Lucasfilm is a privately held, fully-integrated entertainment company. In addition to its motion-picture and television production operations, the company's global activities include Industrial Light & Magic and Skywalker Sound, serving the digital needs of the entertainment industry for visual-effects and audio post-production; LucasArts, a leading developer and publisher of interactive entertainment software worldwide; Lucas Licensing, which manages the global merchandising activities for Lucasfilm's entertainment properties; Lucasfilm Animation; and Lucas Online creates Internet-based content for Lucasfilm's entertainment properties and businesses. Additionally, Lucasfilm Singapore, produces digital animated content for film and television, as well as visual effects for feature films and multi-platform games. Lucasfilm Ltd. is headquartered in San Francisco, California.

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post #20 of 1379
Disney taking over da h0e gawt damn world.
post #21 of 1379
Thread Starter 
I kinda hope they dont go for the live action TV show tho. Thats kinda overdoing it, and saturating the market with a little too much. Im fine with just movies and possibly video games. But Lucas arts wasnt mentioned in the deal
post #22 of 1379
Gimmie a Shadows of the Empire movie or series and a KOTOR movie or series pimp.gifpimp.gifpimp.gif
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post #23 of 1379
I would think Disney is more happy to have the rights to selling merchandise. That seems to be more of a big deal then making films. Also I hope they make more Star Wars theme rides in the future. The new 3D versions of Star Tours are cool but they need something else.
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post #24 of 1379
Exar Kun ftw
post #25 of 1379

George Lucas is so paid.

 

Melody Hobson won. grin.gif

post #26 of 1379
They paid in cash? If so #BALLLLLLIN
post #27 of 1379
Amazon x Google x Oracle x Disney merger by 2020. sick.gif

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post #28 of 1379
Thread Starter 
Quote:
Originally Posted by GeNeRaTiOnZ View Post

They paid in cash? If so #BALLLLLLIN

half cash, half in stock consideration.
post #29 of 1379
Quote:
Originally Posted by blakep267 View Post

Quote:
Originally Posted by GeNeRaTiOnZ View Post

They paid in cash? If so #BALLLLLLIN

half cash, half in stock consideration.

And its not like Disney's stock ever falls. mean.gif sick.gif

post #30 of 1379

I can't believe this.  I knew they'd have to make more movies at some point, but I never thought Lucas would sell everything.  The possibilities are endless.pimp.gif

Quote:
Originally Posted by blakep267 View Post

I kinda hope they dont go for the live action TV show tho. Thats kinda overdoing it, and saturating the market with a little too much. Im fine with just movies and possibly video games. But Lucas arts wasnt mentioned in the deal

LucasArts, Industrial Light and Magic, Skywalker Sound all of that stuff is under the Lucasfilm umbrella.  Disney owns all of that now.

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