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Oct 30 2012
By: SlashZaku Shinra Executive 42142 posts
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Disney to acquire LucasFilms; Ep VII targeted for 2015

15 replies 223 views Edited Oct 30, 2012

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.

Disney Press Release


Message 1 of 16 (223 Views)
I Only Post Everything
Registered: 09/21/2012
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OMG

Oct 30, 2012

I know this is not the place... but disney just got star wars, and an episode 7 is coming.... I do not know what to think cause star wars is my favorite movie franchise

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Treasure Hunter
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Re: OMG

Oct 30, 2012

Old to me.

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Treasure Hunter
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Re: OMG

Oct 30, 2012

4.05 Billion dollars!!! WOW

 

I hope disney doesnt kill it

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Shinra Executive
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Re: OMG

Oct 30, 2012

Apeman24 wrote:

I know this is not the place... but disney just got star wars, and an episode 7 is coming.... I do not know what to think cause star wars is my favorite movie franchise


Hope for the best?  Marvel's stuff has done good/great under Disney so I'd say just wait and see what this means for Star Wars.

 

Someone elsewhere brought up an interesting question though: with Disney running things after this goes through, where does this leave Clone Wars on Cartoon Network (since Disney has their own channels and I imagine when any contracts run out, they'll move it if possible to Disney XD like their Marvel stuff) and the Star Wars comics/novels which are published by Dark Horse Comics (since Disney owns Marvel)?  Disney could move all this to home turf but I guess that's all dependent on current contracts and if they'd want to mess with all that.

 


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VP of Gaming
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Re: Disney to acquire LucasFilms; Ep VII targeted for 2015

[ Edited ]
Oct 30, 2012

wonder what Ep 7 would be about. Smiley Surprised

 

also, did a mod just move this topid from the Off-Topic Discussion to the Off-Topic Discussion? Smiley IndifferentSmiley Very Happy


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Hekseville Citizen
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Re: Disney to acquire LucasFilms; Ep VII targeted for 2015

Oct 30, 2012

I don't know how I feel about this, should I be happy? angry? upset? I'm in total shock right now

 

I'm a huge fan of Star Wars myself

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Treasure Hunter
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Re: Disney to acquire LucasFilms; Ep VII targeted for 2015

[ Edited ]
Oct 30, 2012

It was originally in the PSASBR section

 

It is a merge of 2 threads with the same topic

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Treasure Hunter
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Re: Disney to acquire LucasFilms; Ep VII targeted for 2015

Oct 30, 2012

I HATE YOU GEORGE LUCAS!

 

You ruined the original movies, you put out bad prequels, and you have forced me to renounce a happy segment of my childhood.

 

Oh wow, now Georgie Porgy gets even more money.  Good for him (sarcasm).  

 

As for Disney; don't get me started.  One title says it all, The Black Cauldron.  I am talking a river of blood and skulls in hell.  Where were the fun time lovable, idiotic cartoons in the beginning?  Now Disney is all high and mighty.  Phooey.

 

Sorry.  I get a little emotional sometimes.

 

Moble

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VP of Gaming
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Re: Disney to acquire LucasFilms; Ep VII targeted for 2015

Oct 30, 2012

Speedy24xmax wrote:

It was originally in the PSASBR section

 

It is a merge of 2 threads with the same topic


 

figures. Smiley Very Happy

 

also, does this mean Disney owns LucasArts aswell?

does this mean there may be a Star Wars world in Kingdom Hearts? omg omg omg.


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