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Disney to Acquire Lucasfilm for $4 Billion
The Walt Disney Company (NYSE: DIS) announced today that it has agreed to acquire Lucasfilm Ltd. in a stock and cash transaction valued at $4.05 billion. Lucasfilm is 100 percent owned by Lucasfilm chairman and founder, George Lucas.
Under the agreement and based on the closing price of Disney stock on Oct. 26, 2012, the transaction value is $4.05 billion, with Disney paying half of the consideration in cash and issuing 40 million shares at closing.
“Lucasfilm reflects the extraordinary passion, vision, and storytelling of its founder, George Lucas,” said Robert A. Iger, chairman and CEO 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.”
Disney is the owner of ABC News and this website. Its last big purchases included a $4 billion deal for comics giant Marvel in 2009 and a $7.4 billion deal for animated movie studio Pixar in 2006.
“For the past 35 years, one of my greatest pleasures has been to see ‘Star Wars’ passed from one generation to the next,” said Lucas. “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.”
Lucasfilm includes its popular ‘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,” Disney said in a statement.
“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,” according to the statement.
“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.”
‘Star Wars Episode 7′ is targeted for release in 2015
Plz be a KOTOR Movie.
Plz be a KOTOR Movie.
Plz be a KOTOR Movie.
Plz be a KOTOR Movie.
Revan deserve to be in the big screen.
and whatever happen in the mmo is not canon
To err is human, to forgive, divine. Humans aren't machines... they have souls, feelings. They live, they die, they love, they hate... And yes, they even make mistakes.....
When kluang finds you creepy and wrong then you are beyond horrible.
He who fights with monsters should look to it that he himself does not become a monster. And when you gaze long into an abyss the abyss also gazes into you.
Two things are infinite: the universe and human stupidity; and I'm not sure about the the universe.
Quis custodiet ipsos custodes?
Being Malaysian is about driving in a German car to an Indian restaurant for an Indonesian food, then travelling home, grabbing a Pakistani kebab on the way, to sit on Swedish furniture and watch American shows on a Japanese TV. Because we have no originality.