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millenniumfalcon.com • View topic - Disney Acquires Lucasfilm • The DisneyLucasfilm Announcement
It is currently October 24th 2020 11:31 pm




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Post Posted: October 30th 2012 3:11 pm
 
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Post Posted: October 30th 2012 3:15 pm
 

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Global leader in high-quality family entertainment agrees to acquire world-renowned Lucasfilm Ltd, including legendary STAR WARS franchise.

Acquisition continues Disney's strategic focus on creating and monetizing the world's best branded content, innovative technology and global growth to drive long-term shareholder value.

Lucasfilm to join company's global portfolio of world class brands including Disney, ESPN, Pixar, Marvel and ABC.

STAR WARS: EPISODE 7 feature film targeted for release in 2015.

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.

Note: Additional information and comments from Robert A. Iger, chairman and CEO, The Walt Disney Company, and Jay Rasulo, senior executive vice president and CFO, The Walt Disney Company, regarding Disney's acquisition of Lucasfilm, are attached.



Post Posted: October 30th 2012 3:55 pm
 
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hooolllyyyyyyy-shiiiiiiitttttttttttt :o


Post Posted: October 30th 2012 4:19 pm
 
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Stunned tbh

Isn't this the part where I'm suppossed to be jumping around like a mad motherfucker in anticipation of a new SW movie ???


Post Posted: October 30th 2012 4:51 pm
 
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cant wait to have the forums heat up again with spoilers, I miss the days of the TPT in production and waiting for the weakly spoiler. I truly hope Lucas has a very limited role


Post Posted: October 30th 2012 5:00 pm
 
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they're claiming that there will be new films every 2-3 years afterwards for now on! 7,8,9...15. Pixar Star Wars films, and expect the new TV series to go into full swing soon as well since Disney owns ABC. Can you imagine Star Wars on Network tv, weekly 1 hour episodes, 9pm on ABC!!!??! Finally a fire has been lit under Lucasfilm.


Post Posted: October 30th 2012 5:04 pm
 

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BRING ON THE SPOILERS!

I am super excited about this development!


Post Posted: October 30th 2012 5:20 pm
 
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Post Posted: October 30th 2012 5:43 pm
 

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Post Posted: October 30th 2012 6:26 pm
 
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Post Posted: October 30th 2012 6:47 pm
 
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Post Posted: October 30th 2012 7:38 pm
 
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Post Posted: October 30th 2012 7:45 pm
 

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Post Posted: October 30th 2012 8:01 pm
 
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Post Posted: October 30th 2012 8:12 pm
 
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Post Posted: October 30th 2012 8:56 pm
 
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Post Posted: October 30th 2012 9:02 pm
 
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Post Posted: October 30th 2012 10:51 pm
 

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Post Posted: October 31st 2012 1:04 am
 
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Post Posted: October 31st 2012 5:00 am
 
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Simply don't know how to react to this, really. My gut reaction is that, yeah, I was - ultimately - disappointed by the prequel films.

To put that in perspective, disappointed with them in comparison to episodes 4, 5 and 6 - but that doesn't mean I consider them totally worthless as movies in their own right. I was no more or less impressed and entertained by, for example, Lord of the Rings, Harry Potter, Avatar - in fact any other sci-fi/fantasy film of the past 15 years.

Regardless of the obvious flaws of the prequel films and the criticisms directed at Lucas, I'd still rather it was him that did them - that it was him that continued the story he began - and ultimately, I'm kind of glad that he did.

So, to be honest, now there are six movies out there, I'm not sure I even want any more Star Wars. From Lucas himself, much less anyone else. I'm interested in the story, and it seems complete to me now.
Anything beyond that is just "some cool things happening in the same galaxy as those characters you loved", and I'm not sure I am even interested in that.

I suppose, for me, the question is - what is Star Wars? What has actually been sold here? Is it the the galaxy far, far away? Lightsabers? Stormtroopers? Hutts, TIE Fighters, The Falcon, Tatooine, Jedi, Sith, the Empire and the Rebellion...?

And the answer is "no" for me. I'm sure there are plenty of people who think otherwise, and that's fine of course, but all these things were just a backdrop for the story arc involving Luke, Leia, Vader and co.
You can drop a whole host of new characters and adventures into that same setting, but it doesn't necessarily make it "Star Wars" from my point of view.

Hell, there were moments I felt that way towards some of the stuff in the prequels. Despite my skepticism, maybe they will introduce new human stories interesting enough for me to fall in love with all over again. But I kind of doubt it. To be honest, I've got more affection for the "further adventures" told in the old Marvel comics than in any new Star Wars EU of the past 20-odd years.

The depth, complexity and rigidity of the existing canon has pretty much stifled all creativity on that front. Again, just my opinion, of course.

I'm not saying more movies shouldn't happen - and I'm sure it will be exciting going through the whole spoiler routine all over again... just, I dunno, I'm not sure... still trying to take in the implications I guess... On the plus side - I am far more positive about this than the prospect of any kind of reboot or remake of ANY of the exisiting SW films... :chewbacca:

And I wonder how this move might alter the prospects of any future home format releases of the original movies.? Do we have to start the petiton process all over again from scratch, or has Lucas passed the list on... :monocle:


Post Posted: October 31st 2012 8:18 am
 
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Post Posted: October 31st 2012 8:46 am
 

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Whether you are excited about this news or not, one thing is for sure, this will make for another wild ride on these forums for the next 10+ years. Things have been quiet for the last few years and that is about to change. Part of what made the prequels great was the time spent in this forum. Do you remember all the banter, spoiler talk, and discussions as the prequels were being made? I actually looked forward to logging in and reading all the comments/updates. Because of this, I am excited.


Post Posted: October 31st 2012 9:19 am
 
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Whoops - missed the part about Fox retaining rights to the existing films... ah well, there goes that little dream then.

Having had a little more time to take this in, a few more thoughts. When I think of Disney I, rather ignorantly, think of a bunch of cartoon movies stretching back to the 30s that are somewhat lauded beyond their worth (IMHO). Then I think of some rather cheesy 70s live action movies. And, of course, Mickey Mouse and Goofy and all that crap, which I've never been fond of, even when I was as a child.

Obviously there is a lot more to Disney and what they do, especially in recent years with the Marvel films. So maybe I need to get out of that way of thinking. With that in mind, perhaps they are the ideal company to continue with Star Wars. That is, to continue with Star Wars in the direction the prequels have taken it.

My hope, however, would be that they stripped this thing back to grass roots. Be brave enough not to have a new Death Star, lightsabers crammed into every frame, Squid heads, Aqualish and Greedos populating the corner of every virtual set and so on.

Because it would be so easy to do that and make it a slick, profitable - but ultimately shallow - Star Wars product.

My hope is that some young, creative people are involved who can bring new ideas and original designs to the saga. God knows, we've suffered Lucas' team of sycophants - McCallum, Coleman, Knoll, Chiang et al - for long enough now. And use the SW galaxy to tell a new, interesting story with new and interesting characters.

I look at Kathleen Kennedy, and I honestly can't see that happening. But I can still hope...


Post Posted: October 31st 2012 9:29 am
 
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Leia is now a Disney Princess. a SLAVE princess :monocle:

Can't you imagine all the little playsets, kiddie books, dress up dolls, lunch boxes, cartoons, tv shows, and videogames this deal will produce? It'll be just like... it was before!

:runintoground:


Post Posted: October 31st 2012 12:47 pm
 
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The challenge that no one seems to realize with adapting the Thrawn Trilogy for big screen is that the whole main cast is used throughout the books, but I don't know if even Disney would be successful in recasting everyone.


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