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
I’m doing this off the top of my head, so bare with me.
The opening 5 minutes of the movie, I was already furious. The Viceroy’s, look, and dialogue. Atrocious. Horrible accents, horrible lines, horrible costume look. They looked like evil muppets, but worse.
Obi Wan’s dialogue.
The “Humor” and I use that term VERY loosely. They tried to be funny, to kids. They used the same someone just stepped in **** joke like 3 times, NONE of that belongs in a Star Wars movie.
Watto, same as the Viceroys. Horrible dialogue, horrible speech delivery.
The king Gungan in the underwater city. Yet another horrible speech and delivery. If you look at Jabba as an ugly, fat, terrible looking puppet, at the very least they changed his language so that he was unique. These guys, they just gave terrible accents and called that good. **** that.
The podraces. So freaking pointless.
Midi Clorians. Really?
The blockade. A bunch of ships in a circle. Hell, you are the galactic alliance, you could send 50 ships and surround those bumbling idiots, but no, send two Jedi instead.
Qwi Gon. Useless, ineffective, and pointless. The OG trilogy gave us the map, Obi Wan says flat out that he tried to teach Anakin, and that Yoda was the one that instructed him. Well then what the **** do we have this useless Liam Neeson for?
The title, Phantom Menace, which speaks on none other than Darth Maul………who trains for years to become a Sith, and has all the anger and hatred within him……….kills a single Jedi, then dies. Kiss my ****ing *** George. A Sith, trained all those years, and kills one guy. Are we serious? And ironically, the Jedi “leadership” that is Yoda and Mace are confused, was he the Master, or the Apprentice? HE KILLED ONE DUDE GUYS, HOW CAN YOU NOT KNOW THAT WITH ALL YOUR JEDI “WISDOM”??????
Anakin, an 8 year old boy. The leader of the planet Naboo, is a 14 year old girl. Really? A planet full of people, is ran by a 14 year old girl, and I’m supposed to be ok with this? Princess Leia was 18, and a bad *** and she didn’t run no damn planet. Give me a freakin break.
Anakin, saves the day, randomly flying one **** to destroy an entire blockade. But the freaking Galactic Alliance couldn’t have done that.
Jar Jar, son.
The big, stupid, fish. Absolutely terrible.
Green Screens, on green screens.
“Humorous” droids. Roger Roger.
One little ship gets away, oh but a part is failing, have to land on Tatooine, and we’ll try to find the one part in the galaxy to fix it, at a junkyard. Instead of just calling for another ship to come pick them up, being a Queen and all. With an entire Jedi Order of people you can trust, or other Senators, a billion other planets, etc etc etc. Come on.
Anakin has no father now. Born of the Force, oh God.
Jedi are a bunch of sensitive do gooders. But Qwi Gon has a temper and doesn’t follow orders, Obi Wan doesn’t follow orders, Anakin doesn’t follow orders. None of the Jedi follow orders, in the Jedi Order. Ok.
Here’s what they got right.
Darth Maul’s look, and “menace”. Perfect. Dude was insane with it. Every time he was on screen (all 18 minutes) I had goosebumps.
Maul’s lightsaber. One of the greatest enhancements from the OG. A duel lightsaber. Brilliant
The force fields randomly coming down during the fight. Maul, pacing back and forth, full of anger, hitting the field with his lightsaber, angry, like a caged animal, a true Sith. While Qwi Gon sleeps on his knees, a sensitive Jedi, feeling his force. (absolute great way to show the difference between the two sides, Jedi v Sith. Easily one of the only things George got right, and I guarantee it was by accident. )
The underwater city was beautiful, and a great idea. They just ruined it with Gungans.
The droid army, forcefield, etc. Loved the look of it. Needed better than Gungans fighting them tho.
Palpatine running the Sepratists, and the Alliance at the same time. Terrific setting there.
The movie was terrible, and yet was loaded with so much potential. It could have been a great start, much like A New Hope, to get the trilogy off on the right foot. Instead they had a child defeating a blockade, a 14 year old girl running a planet, a Jedi out of nowhere they killed for no reason, a Sith out of nowhere they killed for no reason, Yoda still talking backwards, and Samuel L Jackson.
I’m sure there’s more that I’m forgetting, but that’s because I’m trying to forget that movie, and just live with the “real” movie in my mind. The one that should have been made.
For a long time, ROTJ was my favorite as well. The story had been elevated, stuff was completed, filming was improved.
As I've gotten older, I have learned to appreciate Empire so much more, and it was clearly the cleaner, more polished film, and certainly darker, but outside of the Ewoks, Jedi was the "funner" film.
The battle at Jabba's barge, the Rancor, Sarlacc, Boba Fett, the battle of Endor, Luke v Vader, the battle at the Death Star, and the Emperor shooting lightning out his finger tips was all incredible stuff. In 1983 no less!!!
If you look at the first battle at the Death Star in ANH, compared to ROTJ, it's not even close how much better it was in Jedi. More ships, more speed, everything was faster and more elevated.
The only thing that harms Jedi is the tone lightened, and the damn Ewoks came. If they would have kept the mood dark, like Empire, but still finished everything off with the good guys winning and what not, it would have been much better received. Killing Fett as they did, killing Jabba as they did, the Ewoks, all made it too light and fluffy.
ROTS was tremendous, considering the amount of garbage it had to follow. In theory, if I would have done the first two movies, ROTS should have been the best film of the 6, BY FAR. But Lucas completely screwed the first two films, and created a huge hole to dig out of in ROTS, but I'll be damned if he didn't do a pretty good job getting out.
Now, I surely would have liked to have seen more. For instance, had he done better in 1-2, he could have had Anakin become Vader within the first 45 minutes of Sith, and spent the next hour and a half killing Jedi in a way that would have probably killed me with happiness right then and there. I mean, from the very first movie, the first 35-40 minutes, Ben Kenobi tells us of Luke's Father, who was a great Jedi and fighter pilot, who was murdered by Darth Vader during the Clone Wars. That lore sat with everyone the entire time from 1977 to 1999, and somehow, he couldn't get it right?
Vader should have been choppin fools down for 90 minutes in Sith, not killin kids and gettin his *** kicked by Owi Wan.
But like I said, despite all that, the tone was MUCH darker, the severity of everything was felt, the killing of all the Jedi, while done wrong, was still powerful. The creation of Vader was awe inspiring, my theater was SILENT while that **** went on. And when the breathing kicked in.......... *wipes tear*
I remember walking out, happy, feeling good, but also ANGRY that I knew this kind of stuff was still in him, in the franchise, and that he had wasted my ******* time with the first two prequels that completely let me down.
Star Wars was the beginning, and a HUGE moment in movie history.
Empire upped the ante and is one of the best 3-5 films in movie history.
Jedi was a fulfilling close, albeit a bit too fluffy.
Menace was a piece of crap, with Darth Maul
Clones was a piece of crap, with the start of a famous war that should have stolen my breath.
Sith was a solid conclusion, with much darker tones, and the right feel as the 6th film closed and you knew how 4 would be.
Had he just gotten 1 and 2 right.........
Revenge of the Sith could have been the best movie ever made. It would have made Empire look like a childrens book. It could have been the darkest, saddest damn story ever told. Shoulda sent Ben and Yoda hiding, scared to their cores. Could have seen Vader in his prime, young, angry, completely lost following Palpatine. Jedi slaughtered, Boba Fett helping Vader hunt down Jedi, a complete, utter altering of the galaxy, til closing credits. Knowing, the next film would restore all "Hope".
Damn it George.
It just amazes me that the man was able to screw up one of the easiest stories to tell in cinematic history, something that would have been so amazing, he would have probably tripled what he made anyways.
When you break it all down, the OG trilogy was Luke's story. Very simple, Luke Skywalker became the galaxies hero.
The Prequel trilogy was very simply supposed to be the rise and fall of Anakin Skywalker, who becomes Darth Vader.
How on earth do you **** that up?
Now look at the 3 movies as they are. First two suck, third one is much better. And guess what, Anakin, is a child in the first two. Hellllllllooooooo George.
While he was busy trying to fascinate kids, he lost what made the OG's so great. Story, fear, heroes, backstory, drama, and dialogue.
Ewan McGregor is a great actor. He was literally worthless in the first two films. Natalie Portman, Samuel L freaking Jackson. Liam Neeson. They all sucked. Not because they didn't do their jobs, the writers didn't do theirs. Horrible plots, dumb storylines, pointless scenes, just watered down, dumbed down, stupidity.
By Sith, the story was locked in, they had no other Jar Jar **** to screw around with, they stayed in the lane they shoulda been in the whole time, and guess what, all of them played MUCH better. Ewan was great, he really was Obi Wan. He was decimated by Anakin turning. Samuel was better. Portman was MUCH better. Even Jimmy Smits did solid work as Bail Organa. All because the story was clearer to tell.
Lucas completely screwed himself with all that sepratist crap in Menace, and podracing children, and born of the force, blah blah blah. Get the **** outta here.
#2 is Attack of the Clones. They fight for 12 minutes at the end of the film.
Darth Maul gets 19 minutes of screen time.
The story of Anakin, the rise of Darth Vader, and Vader gets 2 minutes of screen time.
How in the blue **** do you do stupid **** like that, in 7 hours worth of movies? My God, Lucas should be brought up on charges.
You start Menace with some Sidious, Maul, Padme in danger, upper teens/lower 20's promising young Jedi Anakin, they get together, battle some Sith, spaceships, mix in some political positioning, Senates, etc like the first one eludes to. Two sides opposing, creation of a clone army, on the brink of war, roll credits. My **** is hard.
Come back for 2, Clone Wars pop off (cinematic history!!!) Jedi fighting, Maul out there dancin, Anakin is able to take him, but has to dance on the darkside to get there. Stuff goes on with Padme, Sidious uses her as a pawn, gets Anakin viewing things differently, tension with Obi Wan, etc etc. By the end of the 2nd film, you can see Anakin is swaying, the Clone Wars are in full effect, mix in some other plot points/storylines, you close the film, we're all ready for the final chapter.
Sith, like I said, in the first 30-40 minutes, Anakin is turned. He faces off with Obi Wan, doesn't work out, black suit, Vader emerges, here we go. Boba Fett comes in, other bounty hunters, Vader hunts the Jedi down, kills them one by one. Hell, have him storm the freaking Jedi Temple with Sidious and Fett, and watch people like myself suddenly become one with the force and die in their seats. Yoda escapes, runs into hiding. Padme delivers twins, Vader doesn't know (nor care) and Ben takes Luke to Tatooine, Bail with Leia, no problem there.
The whole point would be, you would have 3 full movies of Anakin, just like you did Luke, only darker, sadder, and move evil. Vader in his prime, slaying Jedi would be about the most epic story ever told, and it would make more money than The Notebook on Valentines day. Prime Vader with his red lightsaber, not the old man that fought his own son 25 years later.
The story of Anakin, and we didn't get one single glimpse of Darth Vader and his red lightsaber doin work.
Edited by CP1708 - 6/3/15 at 7:57am