Disney to buy LucasFilm, Star Wars VII

    The Freedom Fighter

      : Male

    Age: : 29
     Posts: : 5812

    Disney to buy LucasFilm, Star Wars VII

    Post by The Freedom Fighter on October 30th 2012, 5:37 pm


    Walt Disney is using cash and stock to buy George Lucas's Lucasfilm Ltd.

    LOS ANGELES — Disney is paying $4.05 billion to buy Lucasfilm Ltd., the production company behind "Star Wars," from its chairman and founder, George Lucas. It's also making a seventh movie in the "Star Wars" series called "Episode 7," set for release in 2015, with plans to follow it with Episodes 8 and 9 and then one new movie every two or three years.

    The Walt Disney Co. announced the blockbuster agreement to make the purchase in cash and stock Tuesday. The deal includes Lucasfilm's prized high-tech production companies, Industrial Light & Magic and Skywalker Sound, as well as rights to the "Indiana Jones" franchise.

    Disney CEO Bob Iger said in a statement that the acquisition is a great fit and will help preserve and grow the "Star Wars" franchise.

    "The last 'Star Wars' movie release was 2005's 'Revenge of the Sith' — and we believe there's substantial pent-up demand," Iger said.

    Kathleen Kennedy, the current co-chairman of Lucasfilm, will become the division's president and report to Walt Disney Studios Chairman Alan Horn. Lucas will be creative consultant on new "Star Wars" films.

    Lucas said in a statement, "It's now time for me to pass 'Star Wars' on to a new generation of filmmakers."

    The deal brings Lucasfilm under the Disney banner with other brands including Pixar, Marvel, ESPN and ABC, all companies that Disney has acquired over the years. A former weatherman who rose through the ranks of ABC, Iger has orchestrated some of the company's biggest acquisitions, including the $7.4 billion purchase of animated movie studio Pixar in 2006 and the $4.2 billion acquisition of comic book giant Marvel in 2009.

    Disney shares were not trading with stock markets closed due to the impact of Superstorm Sandy in New York.

    Well...didn't expect this.

    Last edited by The Freedom Fighter on October 30th 2012, 5:44 pm; edited 1 time in total


    To the first forum that gave me a chance. Thank you. You will be missed.
    The author of this message was banned from the forum - See the message
    Nnoitra Hushimo

      : Male

    Age: : 22
     Posts: : 2400

    Re: Disney to buy LucasFilm, Star Wars VII

    Post by Nnoitra Hushimo on October 30th 2012, 8:15 pm

    This makes me sick.


      : Male

    Age: : 21
     Posts: : 335

    Re: Disney to buy LucasFilm, Star Wars VII

    Post by Pooka on October 31st 2012, 7:31 am

    So now what? Of course the bad thing is, there will be nothing, NOTHING, called Darth Vader. I favor him over Vicky. And black is my favorite color, which makes me favor him MORE.

    Other than that, I think I'll have to wait up until 2015 to see how the new Star Wars turns out. All what I hope is they don't CGI spam the movie of course, or turn it into an animated thing, like Teh Clone Wars.


    Age: : 39
     Posts: : 126

    Re: Disney to buy LucasFilm, Star Wars VII

    Post by TheLordsbeacon on November 10th 2012, 12:38 am

    The new movies might turn out alright, but this is bad in my view. George Lucas says he is looking to "protect" Lucas arts, moving forward. Since Disney is such a large company, he feels that they can keep it from falling into the wrong hands and keep Star Wars alive well into the future. I personally think it is going to have the opposite effect. Nothing seems to ruin a good franchise like a greedy mega-corporation. His views on movie making seem to be the opposite of what they were when he first started out. On top of everything, I doubt Lucas Films was in any trouble of going under. It was a pretty large company. I think Lucas Films could have continued on their own well into the future. They could have started new franchises. Facepalm I would rather have a good memory, than a dead franchise.

    Sponsored content

    Re: Disney to buy LucasFilm, Star Wars VII

    Post by Sponsored content