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Disney To Buy Lucasfilm For $4.05B
CBS Los Angeles ^ | October 30,2012

Posted on 10/30/2012 1:49:11 PM PDT by Hojczyk

The Walt Disney Company announced Tuesday it has agreed to buy Lucasfilm, which includes the Star Wars franchise, for $4.05 billion in cash and stock from George Lucas.

The deal includes a tentative release date of Stars Wars Episode 7, along with the possibility of growing the franchise with more feature films.

“Lucasfilm reflects the extraordinary passion, vision, and storytelling of its founder, George Lucas,” Robert A. Iger, Chairman and Chief Executive Officer of The Walt Disney Company, said in a statement.

Current Co-Chairman of Lucasfilm, Kathleen Kennedy, will become President and report to Walt Disney Chairman Alan Horn.

“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,” Iger said.

(Excerpt) Read more at losangeles.cbslocal.com ...


TOPICS: Business/Economy; Culture/Society
KEYWORDS: disney; hollywood; lucasfilm; starwars

1 posted on 10/30/2012 1:49:11 PM PDT by Hojczyk
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To: Hojczyk

What is it with Ricks?


2 posted on 10/30/2012 1:53:01 PM PDT by KC_Lion ( Wherever I find myself standing, I forever stand with Israel.)
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To: Hojczyk

I wonder how long it will be before they do a reboot....
Episode 7 might be interesting, depending on who they get to work on it. With this change, I assume the war between Lucasfilm and the guild system is over.


3 posted on 10/30/2012 1:55:32 PM PDT by ClaudiusI
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http://www.freerepublic.com/focus/f-chat/2952414/posts


4 posted on 10/30/2012 1:56:58 PM PDT by ButThreeLeftsDo (FR: Now, More Than Ever.)
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To: Hojczyk

I reckon Lucas finally landed that one final mega-payday he was always holding out for. LOL

I shudder to think of how bad Disney can screw up the franchise. They’ll probably make a prequel that centers around a gay Bothan planet or something.....


5 posted on 10/30/2012 1:59:03 PM PDT by KoRn (Department of Homeland Security, Certified - "Right Wing Extremist")
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To: KC_Lion

I’ve trained my kids to refer to Disney as “The Ministry of Culture.”


6 posted on 10/30/2012 2:07:28 PM PDT by PGR88
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To: Hojczyk
The Walt Disney Company announced Tuesday it has agreed to buy Lucasfilm . . . for $4.05 billion in cash and stock from George Lucas.

If Disney is the buyer, why is Lucas paying them $4 billion?

7 posted on 10/30/2012 2:13:21 PM PDT by FoxInSocks ("Hope is not a course of action." -- M. O'Neal, USMC)
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To: FoxInSocks

LOL @ Grammar

I really wish they’d resume teaching reading, writing and arithmetic.


8 posted on 10/30/2012 2:15:52 PM PDT by AntiKev ("Within the strangest people, truth can find the strangest home." - Great Big Sea - Company of Fools)
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To: AntiKev

4 billion?

what a freaking deal!

the licensing rights alone are worth 100 times that, and the rights to future films... freaking priceless.

deal of the century.


9 posted on 10/30/2012 2:17:58 PM PDT by TexasFreeper2009 (Obama lied .. the economy died.)
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To: AntiKev

It’s easier to write breathless sentences with modern word processors. A comma isn’t absolutely needed after “stock” but it helps.


10 posted on 10/30/2012 2:21:37 PM PDT by HiTech RedNeck (cat dog, cat dog, alone in the world is a little cat dog)
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To: KoRn
They’ll probably make a prequel that centers around a gay Bothan planet or something.....

I was thinking the same thing....a planet of Jerry Sanduskys which would be made to look normal!!!

I wonder if the planet'sflag would be the 'GAY PRIDE' Flag?

11 posted on 10/30/2012 2:22:35 PM PDT by ExCTCitizen (Yes, Obama, I had help with my business. MY CUSTOMERS!)
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To: FoxInSocks

Lucas isn’t paying them. They are paying Lucas to obtain Lucasfilm from him.


12 posted on 10/30/2012 2:22:53 PM PDT by tellw
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To: TexasFreeper2009

Maybe that includes Lucas getting a piece of all future proceeds.


13 posted on 10/30/2012 2:23:38 PM PDT by HiTech RedNeck (cat dog, cat dog, alone in the world is a little cat dog)
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To: Hojczyk

I got a roll of 35mm film I never developed.

They can buy it for a kewel $1million.

It’s 20 years old so there might be something neat on it, not sure what.


14 posted on 10/30/2012 2:24:38 PM PDT by Vendome (Don't take life so seriously, you won't live through it anyway)
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To: PGR88
What's that you say, Schweinehund!?!?!?


15 posted on 10/30/2012 2:29:38 PM PDT by KC_Lion ( Wherever I find myself standing, I forever stand with Israel.)
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To: Hojczyk
It's interesting Lucas is doing this now. One first wonders is his health if a factor. Disney lawyers have a good reputation for aggression. Will the cottage industry of fan films and so forth that Lucasfilm has allowed to thrive now be under threat of termination?

I can't say I'm enthused for an Ep 7. One the upside a high quality release of the "original" films may be in the cards some day.

16 posted on 10/30/2012 2:32:43 PM PDT by newzjunkey (Osama's dead... and so is our ambassador - Coulter.)
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To: KC_Lion

LOL! Mr. Plinkett just found all kinds of work over the next few decades, if he avoids prison.


17 posted on 10/30/2012 2:32:49 PM PDT by Future Snake Eater (CrossFit.com)
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To: newzjunkey
Will the cottage industry of fan films and so forth that Lucasfilm has allowed to thrive now be under threat of termination?

That's my fear. The "Star Wars: Revisited" guy in particular deserves all kinds of accolades for his work, but Disney will likely just order him to cease and desist.

18 posted on 10/30/2012 2:36:20 PM PDT by Future Snake Eater (CrossFit.com)
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To: Future Snake Eater
Answer me thing in the Mouth face!!!


19 posted on 10/30/2012 2:37:31 PM PDT by KC_Lion ( Wherever I find myself standing, I forever stand with Israel.)
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To: KoRn

” I reckon Lucas finally landed that one final mega-payday he was always holding out for. LOL”

Top dollar.

“I shudder to think of how bad Disney can screw up the franchise.”

If anyone can screw this up, Disney can : )


20 posted on 10/30/2012 2:50:53 PM PDT by stephenjohnbanker ((God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.))
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To: Hojczyk

There was an article in the 1970’s shortly after the first Star Wars movie in which Lucas stated that the intent was a 9 movie series - 3 sets of 3 trilogies. The final set would be related to what came after the first 3 released movies. Some people thought that he would show that it is all a cyclical process, but nothing much was learned about the “final 3” movies. I’m hoping that intent of the ideas for the final 3 movies are what they hope to create in these and not the han-leia twins scenario of the paperbacks that has developed over the years... still I’d love to see any advancement of the series beyond the clone wars and endor scenarios in the movies/videos.

I think the price is good for Disney overall, but I’m concerned about the cultural ministry getting their hands on the property.


21 posted on 10/30/2012 2:52:36 PM PDT by reed13k (For evil to triumph it is only necessary for good men to do nothing.)
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To: KC_Lion

Email me if you’d like a pizza roll...


22 posted on 10/30/2012 2:55:58 PM PDT by Future Snake Eater (CrossFit.com)
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To: KoRn
I reckon Lucas finally landed that one final mega-payday he was always holding out for. LOL

I think he's a better businessman than filmmaker.

Pixar before it became Pixar belonged to him too.

23 posted on 10/30/2012 2:56:42 PM PDT by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: Hojczyk
Great. Does this mean Star Wars gets Disneyfied? All politically correct and PG?
24 posted on 10/30/2012 3:01:06 PM PDT by Sam Gamgee (May God have mercy upon my enemies, because I won't. - Patton)
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To: Hojczyk

Star Wars Episode 7, featuring Miley Cyrus and Lindsey Lohan as Princess Leia’s adult daughters. Britney Spears guests as their nanny from early childhood.


25 posted on 10/30/2012 3:04:16 PM PDT by Tolerance Sucks Rocks (Obama should change his campaign slogan to "Yes, we am!" Sounds as stupid as his administration is.)
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To: ExCTCitizen

“Away put your Johnson! I mean you no harm.”


26 posted on 10/30/2012 3:05:29 PM PDT by Tolerance Sucks Rocks (Obama should change his campaign slogan to "Yes, we am!" Sounds as stupid as his administration is.)
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To: Hojczyk

Disney already bought/owns Pixar

after they buy Lucas, will there be any large successful animation studios left OUTSIDE of Disney???


27 posted on 10/30/2012 3:05:59 PM PDT by Wuli
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To: KC_Lion

So George Lucas is now worth $4.05 billion I suppose. Unless others own stock in Lucas Film


28 posted on 10/30/2012 3:10:55 PM PDT by dennisw (Government be yo mamma - Re-elect Barack Obama)
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To: KoRn

Lucas screwed it up himself after the second film..... The dreaded Ewoks ARE Disney.


29 posted on 10/30/2012 3:25:33 PM PDT by Adams (Fight on!)
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To: dennisw

30 posted on 10/30/2012 3:27:00 PM PDT by KC_Lion ( Wherever I find myself standing, I forever stand with Israel.)
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To: dennisw

I wonder....if Lucas had waited until Romney is elected and eliminateds capital gains tax (as he promised), if he would be better off financially?


31 posted on 10/30/2012 3:35:11 PM PDT by PhiloBedo (You gotta roll with the punches and get with what's real.)
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To: TexasFreeper2009

My thoughts exactly...Disney got Lucasfilms for a fire-sale price. BTW, does the sale include Lucas’s special effects division? At one point, they dominated SFX in Hollywood and they still attract a good chunk of the business. That division alone has to be worth $1 billion.


32 posted on 10/30/2012 4:08:11 PM PDT by ExNewsExSpook
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To: ExNewsExSpook

Yes, apparently it includes ILM too. And the game division. Basically everything Lucas still had. THX was already spun off, so that’s probably not involved in this.


33 posted on 10/30/2012 4:12:09 PM PDT by Monty22002
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To: ClaudiusI
Episode 7 might be interesting, depending on who they get to work on it. With this change, I assume the war between Lucasfilm and the guild system is over.

I have a bad feeling about this.

It also takes it outside of its story - the fall and redemption of Anakin Skywalker.

Rather than go with Ep. 7 going way back in time to the original formation of The Republic with the Sith Wars, etc. would probably be more interesting without it having any effect on the main Star Wars story.

34 posted on 10/30/2012 4:38:14 PM PDT by Republican Wildcat
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To: Republican Wildcat

I just want them to get away from the clone wars time period. Do something either old republic or something between the original trilogy movies or after. Just anything but the stuff we’ve had for over a decade now.


35 posted on 10/30/2012 4:44:44 PM PDT by Monty22002
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To: tellw
Lucas isn’t paying them. They are paying Lucas to obtain Lucasfilm from him.

I know that's what the writer intended to convey, but it's certainly not written that way. It's easily remedied by moving the phrase "from George Lucas."

36 posted on 10/30/2012 5:35:01 PM PDT by FoxInSocks ("Hope is not a course of action." -- M. O'Neal, USMC)
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To: stephenjohnbanker

The franchising rights to the Jar-Jar Binks character are probably worth the $4 billion alone.


37 posted on 10/30/2012 5:49:37 PM PDT by glorgau
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To: Hojczyk

I just had a terrible thought, what if they do a JJ Abrams style time/change like they did on the recent Star Trek and we get a whole new different history of Star Wars?

Other than that horrid thought I would hope Disney does indeed come up with a satisfying “next generation” (Star Trek?)that at the very least should give them tourism rights for any newer theme park rides. Moviewise it can go either way but my guess is it will be something aimed at increasing interest at the theme parks first because that is good for twenty years or more.


38 posted on 10/30/2012 6:05:38 PM PDT by Eye of Unk (OPSEC)
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To: newzjunkey
It's interesting Lucas is doing this now. One first wonders if his health is a factor...

You may have a point. Lucas is diabetic, a fact He tends not to let get out(some relatives of his have died from it).That and the fact he has a new love interest may be influencing George to ride off into the sunset with a huge bag of cash for Him and his children.

CC

39 posted on 10/30/2012 6:44:00 PM PDT by Celtic Conservative (Q: how did you find America? A: turn left at Greenland)
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To: glorgau

No doubt.


40 posted on 10/31/2012 8:55:09 AM PDT by stephenjohnbanker ((God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.))
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