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PostPosted: Tue Oct 30, 2012 3:40 pm 
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The Walt Disney Company announced today it has agreed to acquire Lucasfilm and is planning Star Wars Episode 7 for 2015! This is following such big purchases as Pixar and Marvel Entertainment. Here is the full press release:

Continuing its strategy of delivering exceptional creative content to audiences around the world, The Walt Disney Company 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.

http://www.comingsoon.net/news/movienews.php?id=96524


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PostPosted: Tue Oct 30, 2012 3:48 pm 
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So, I'm sure you guys are now finding out due to Facebook and other shit, but yes, the day has come....


George Lucas will no longer own Star Wars and Disney will run Lucasfilms. Star Wars Episode VII is set to release in theaters 2015.


Being a lifetime fan (so far), I'm trying to look at all angles here. They could go with the Admiral Thrawn trilogy (which is a safe bet), or they could attempt original stories, which could totally suck.


The other question is, WHO THE FUCK WILL BE CAST? The entire cast is too old to return (and in most cases, they won't be returning), I doubt they're gonna do what they did with Indiana Jones.


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PostPosted: Tue Oct 30, 2012 5:34 pm 
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That's funny...I could have sworn it wasn't April 1st yet. :?

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PostPosted: Tue Oct 30, 2012 6:12 pm 
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Hey, it´s not as if Disney can do worst then Lucas....

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PostPosted: Tue Oct 30, 2012 6:43 pm 
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holy fuck, do you know what this means? the POTC and Money Island franchises are now owned by the same company...

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PostPosted: Tue Oct 30, 2012 8:45 pm 
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AvatarIII wrote:
holy fuck, do you know what this means? the POTC and Money Island franchises are now owned by the same company...


So far I've heard that is not the case, since LucasFilm and LucasArts are different companies. Unless there is final confirmation that LucasArts has been bought as well, both franchises are still not under the same roof.

But I can't be more surprised than I already am, so... who knows what it might happen!

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PostPosted: Tue Oct 30, 2012 8:53 pm 
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PostPosted: Tue Oct 30, 2012 10:03 pm 
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I wrote a special blog entry to detail my thoughts.

And yes, LucasArts was part of the deal.

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PostPosted: Wed Oct 31, 2012 12:10 am 
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Yeah, this was quite the news. The Episode Se7en part, mostly. I'm still kind of incredulous seeing as how this was on my list of movies that would never ever happen.

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PostPosted: Wed Oct 31, 2012 1:50 am 
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so disney has pixar,marvel,now lucas film lol this is why they can affored flops like john carter


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PostPosted: Wed Oct 31, 2012 2:03 am 
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http://money.cnn.com/2012/10/30/technol ... ?hpt=hp_c3


//Shudders


What a horrible photograph. The man is a disaster of taste.

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PostPosted: Wed Oct 31, 2012 2:10 am 
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WJK wrote:
The other question is, WHO THE FUCK WILL BE CAST? The entire cast is too old to return (and in most cases, they won't be returning), I doubt they're gonna do what they did with Indiana Jones.


No. A whole other set of actors are going to be used. Minnie, Donald, Mickey, Goofy and Pluto will have to have a shot at it.

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PostPosted: Wed Oct 31, 2012 4:48 am 
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Curiosity Inc. wrote:


yup LucasArts, Skywalker sound, ILM, the whole lot!!

I guess George decided he wanted to retire, $4bn isn't a bad pension.

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PostPosted: Wed Oct 31, 2012 9:57 am 
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PostPosted: Wed Oct 31, 2012 10:13 am 
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Soupdragon wrote:
WJK wrote:
The other question is, WHO THE FUCK WILL BE CAST? The entire cast is too old to return (and in most cases, they won't be returning), I doubt they're gonna do what they did with Indiana Jones.


No. A whole other set of actors are going to be used. Minnie, Donald, Mickey, Goofy and Pluto will have to have a shot at it.


Kind of like how Mickey is now the leader of the Avengers, right?

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PostPosted: Wed Oct 31, 2012 10:26 am 
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AvatarIII wrote:
Curiosity Inc. wrote:


yup LucasArts, Skywalker sound, ILM, the whole lot!!

I guess George decided he wanted to retire, $4bn isn't a bad pension.


Holy....

As improbablya as it may sound: Pixar's Grim Fandango. A man can dream.

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PostPosted: Wed Oct 31, 2012 12:15 pm 
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i keep hearing about grim fandango, yet i have no fucks to give.


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PostPosted: Wed Oct 31, 2012 4:13 pm 
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:lol:
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PostPosted: Wed Oct 31, 2012 9:36 pm 
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Why the fuck would they continue with the current Star Wars story. The Empire is gone, no one gives a shit about the characters anymore. Make something new.

It's going to suck regardless anyway.


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PostPosted: Wed Oct 31, 2012 9:50 pm 
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madvillain wrote:
It's going to suck regardless anyway.

That's not necessarily true.

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