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Disney Buys LucasFilm for $4 Billion, Plans Star Wars Ep. 7

By - Source: Disney | B 65 comments

For some reason no one is talking about Indiana Jones.

The Walt Disney Company on Tuesday announced that it is to acquire Star Wars production company LucasFilm. The news was revealed via a press release this afternoon with an investor conference call scheduled to take place later today. LucasFilm, which is 100 percent owned by Lucasfilm Chairman and Founder, George Lucas, will be sold to Disney as part of a deal worth $4.05 billion. Disney said today that it will pay roughly half of the consideration in cash and then issue approximately 40 million shares at closing.

So, what does this mean for the Star Wars franchise? Well, for one, more movies. Disney says we can expect Star Wars Episode 7 in 2015 and that it will continue the Star Wars saga and plans to grow the franchise well into the future. And, though there is already Star Wars content at the Disney theme parks in Anaheim, Orlando, Paris and Tokyo, Disney said the acquisition would create more opportunities across its portfolio, including theme parks.

"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," the company said. "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."

Speaking about the acquisition, George Lucas said that he felt it was time to hand the franchise on to a new generation.

"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."

Disney will acquire Star Wars as well as LucasFilm's businesses in live action film production, consumer products, animation, visual effects, and audio post production. The company will also take on LucasFilm's substantial portfolio of entertainment technologies. The company didn't mention anything about redundancies but said that Lucasfilm employees are to remain in their current locations.

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Top Comments
  • 27 Hide
    killerclick , October 30, 2012 10:05 PM
    Well, they can't screw it up worse than George Lucas.
  • 23 Hide
    Anonymous , October 30, 2012 10:08 PM
    Can't be worse than the prequel trilogy
  • 21 Hide
    santfu , October 30, 2012 10:07 PM
    This is going from sad to comedy. From greedo shooting "at" han first, to the horror prequels and now this.

    Star wars now for your pre-teens. Thanks for killing a great story.
Other Comments
  • 27 Hide
    killerclick , October 30, 2012 10:05 PM
    Well, they can't screw it up worse than George Lucas.
  • 21 Hide
    santfu , October 30, 2012 10:07 PM
    This is going from sad to comedy. From greedo shooting "at" han first, to the horror prequels and now this.

    Star wars now for your pre-teens. Thanks for killing a great story.
  • 23 Hide
    Anonymous , October 30, 2012 10:08 PM
    Can't be worse than the prequel trilogy
  • 14 Hide
    BulkZerker , October 30, 2012 10:10 PM
    They will resurect jar jar, killrclick. Your statement is void
  • 12 Hide
    shafe88 , October 30, 2012 10:14 PM
    Hopefully Disney releases unedited versions of Star Wars on Blu-ray. It would be nice to see Star Wars they where when they first came out in theater and not version's with all the post 1997 edits.
  • 10 Hide
    jupiter optimus maximus , October 30, 2012 10:15 PM
    Personally for myself i was looking forward to seeing what happens after "return of the Jedi" when i first saw Star Wars in theaters back in 1999.
  • 5 Hide
    fonzy , October 30, 2012 10:25 PM
    Star Wars reminds me of the Terminator Franchise except Terminator started sucking after T2 when James Cameron left. George Lucas has to take much of the blame for Star Wars.

    it would be something if Disney paid Cameron a shit load of money to direct the next star Wars movies.
  • 4 Hide
    limogeas , October 30, 2012 11:06 PM
    Anyone else now wishing Joss Whedon had not committed to The Avengers 2? That's the only way i'd feel good about it at this point, but Disney has done quite well with the Marvel acquisition and managing those franchises, so I'll reserve judgement for now.
  • 1 Hide
    tomfreak , October 30, 2012 11:17 PM
    fonzyStar Wars reminds me of the Terminator Franchise except Terminator started sucking after T2 when James Cameron left. George Lucas has to take much of the blame for Star Wars.it would be something if Disney paid Cameron a shit load of money to direct the next star Wars movies.
    it is not like he did any great job in the 1,2,3 starwars anyway. I hope Disney actually find a decent director like brad bird or Nolan to do this franchise.
  • 5 Hide
    jecastej , October 30, 2012 11:22 PM
    Say what you want but at least there is some hope Disney will do good movies taking advantage of even better effects, new characters, plots, actors or directors. But to expect another "Luke I'm your father" moment may be to much to ask.
  • 2 Hide
    abbadon_34 , October 30, 2012 11:25 PM
    look like pod racing, speeder racing, fighter racing...
  • 1 Hide
    Bean007 , October 30, 2012 11:33 PM
    So I wonder if his X-Wife still gets a percentage from LucasFilms cause they were still married when the company was made and it was part of the divorce.
  • 8 Hide
    XZaapryca , October 30, 2012 11:33 PM
    shafe88Hopefully Disney releases unedited versions of Star Wars on Blu-ray. It would be nice to see Star Wars they where when they first came out in theater and not version's with all the post 1997 edits.

    I think you can feel secure in the knowledge that the profit-machine (Disney) will be milking Star Wars for every red cent possible. Theatrical releases on Bluray would definitely be awesome. Hopefully there's other worthwhile tidbits from the rest of the crap they'll surely put out.

    However, if they try to "reboot" the whole series, there will be no end to the number of babies I'll punch in the face.
  • 2 Hide
    koga73 , October 30, 2012 11:38 PM
    They forgot to mention this:
    "In 2015, we're planning to release Star Wars Episode 7 – the first feature film under the "Disney-Lucasfilm" brand. That will be followed by Episodes 8 and 9 – and our long term plan is to release a new Star Wars feature film every two to three years."
  • 5 Hide
    Anonymous , October 30, 2012 11:43 PM
    "But to expect another "Luke I'm your father" moment may be to much to ask."

    Nah, now it'll be more like "Luke I'm your gay, crossdressing father, Please accept me."
  • 20 Hide
    amuffin , October 30, 2012 11:53 PM
    So Princess Leia is now a Disney Princess?
  • 3 Hide
    nforce4max , October 30, 2012 11:55 PM
    I guess it is now time for any true fan to play taps. Any thing that Disney buys it gets sterilized of any true creativaty and originality while being pumped full of subliminal messages.
  • 4 Hide
    kinggraves , October 30, 2012 11:57 PM
    As much as Lucas is trying to make himself sound noble for "helping the next generation", I think there is a much simpler reasoning behind this. Lucas is getting old and doesn't care anymore. He wants to get as much money as possible before he dies. He let Star Wars rest for decades and closely gaurded the namesake until deciding suddenly to dust it off and start ruining it for profit. He hasn't had any artistic integrity for years. Disney can't possibly do any worse.
  • 4 Hide
    alidan , October 31, 2012 12:07 AM
    santfuThis is going from sad to comedy. From greedo shooting "at" han first, to the horror prequels and now this.Star wars now for your pre-teens. Thanks for killing a great story.


    knights of the old republic
    comics
    novles
    extended universe...

    look at all that and tell me that starwars cant put out a good story anymore.
    george lucas is to blame for ep 1-3, apparently nobody told him no on those movies, if he is out of the picture, its possible to go to a different time, and a new story and have a great film...

    at the very least, it cant be worse than the ep 1-3

    also... look at star wars when it came out... it was MADE to SELL TOYS, it was ALWAYS for KIDS AND TEENS, it just hit a far larger audience at the time.

    shafe88Hopefully Disney releases unedited versions of Star Wars on Blu-ray. It would be nice to see Star Wars they where when they first came out in theater and not version's with all the post 1997 edits.


    not just a non edited version, put out a bluray where you can select the version you want to see, not because the 1997 version is better, but because we shouldn't sweep the mistake under the rug either... hell maybe they will submit the original into the film archive... something george wouldn't let happen because we wanted to submit the edited version and they wouldn't take it.

  • 2 Hide
    webbwbb , October 31, 2012 12:11 AM
    This will decimate the expanded universe. Disney is incredibly over protective of their franchises. Star Wars literally has hundreds of books that work as a collection of cohesive works.
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