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.
Edited by CP1708 - 12/2/14 at 5:07pm