Disney to Buy Lucasfilm in Deal Worth Over $4 Billion
Last edited Tue Oct 30, 2012, 04:40 PM - Edit history (3)
Source: CNBC
Walt Disney announced Tuesday that it has agreed to acquire Lucasfilm, the film company founded by Star Wars creator George Lucas, in a cash-and-stock deal worth $4.05 billion.
The deal is a rough equivalent to what the conglomerate paid for Marvel Entertainment back in 2009. Disney will pay half of the deal in cash and will issue 40 million shares at closing.
Lucasfilm was founded and is owned by George Lucas, producer of Star Wars and Indiana Jones films. In a statement, Lucas said, 'It's now time for me to pass 'Star Wars' on to a new generation of filmmakers.'
Read more: http://www.cnbc.com/id/49613470
Maybe Lucasfilm will make a decent new Star Wars Trilogy to make up for Episodes 1, 2, and 3.
You know its coming. He said decades ago, that there would be 9 Episodes.
Lucas lost his artistry many, many years ago. He's so focused on cash, he sold his own name.
Confirmed: STAR WARS: EPISODE 7 feature film targeted for release in 2015.
http://thewaltdisneycompany.com/disney-news/press-releases/2012/10/disney-acquire-lucasfilm-ltd
jenw2
(374 posts)that's too much money.
Atman
(31,464 posts)Hell Hath No Fury
(16,327 posts)I know a lot of people who work for Lucasfilm. This is not going to be good.
99th_Monkey
(19,326 posts)and she feels this is a BFD that will effect the entire industry.
Brother Buzz
(36,127 posts)It's going to be beneficial for all, only the stockholders more.
NEOBuckeye
(2,777 posts)Brother Buzz
(36,127 posts)Left to develop their own property on their own, they will die on the vine; a slow agonizing death.
slackmaster
(60,567 posts)bpj62
(997 posts)Ok that was funny.
bpj62
(997 posts)I know that DU is full of anti Disney people but my children have grown up watching many of the Disney movies and it has given them great joy. One of my favorite movies is 20,000 Leagues under the Sea. Yes Disney is corporate and owns ABC but let me tell you this they have done nothing but make my children happy whether it is at the parks or one of the many vacation resorts that they have. They also went out of their way a few years ago to make sure that gays and lesbians were welcome in thier parks.
slackmaster
(60,567 posts)LanternWaste
(37,748 posts)I think the animus towards Disney is not so much their product line, but that they, combined with General Electric and Westinghouse own over 85% of all U.S. print and electronic media publishing/distribution outlets, reducing overall consumer choice.
cthulu2016
(10,960 posts)Lakerstan
(679 posts)...and my childhood will be restored.
onehandle
(51,122 posts)Lucas and his animated 'improvements' can bite my ass.
high density
(13,397 posts)Disney will do it-- for a limited time only!
craigmatic
(4,510 posts)Bosonic
(3,746 posts)alphafemale
(18,497 posts)begin_within
(21,551 posts)KamaAina
(78,249 posts)in Emeryville, just across the Bay Bridge from SF, where Lucasfilm is based in the Presidio.
So Disney now owns our entire film industry, as well as ABC Channel 7.
Firebirds01
(576 posts)StlMo
(3,595 posts)[font size=8]Holy Shit![/font]
mikeysnot
(4,755 posts)I actually like the first trilogy. sorry.
My son saw them in chronological order and he enjoys them as do I.
We also enjoy the clone wars on Cartoon network.
It is fucking fantasy for crying out loud.
Crowman1979
(3,844 posts)Roland99
(53,342 posts)liberal N proud
(60,289 posts)Their attractions at WDW reflect that.
ET Awful
(24,753 posts)Quixote1818
(28,896 posts)This is probably a good thing.
Alekei_Firebird
(320 posts)StevieM
(10,499 posts)Quixote1818
(28,896 posts)Alekei_Firebird
(320 posts)It's too bloated and doesn't introduce anything new, as all its major setpieces were done before and better.
Battle of Yavin > Battle of Endor
"Empire" duel > "Return" duel
Ewok fight = Ridiculous
Ohio Joe
(21,607 posts)The asshole robbed Kurosawa blind.
Alekei_Firebird
(320 posts)On TV, you may actually see real characters and lots of diversity.
In the movies, all you see nowadays are the wet dreams of man-child producers and directors.
bayareaboy
(793 posts)George Lucas can buy the rest of Western Marin County.
I met the man twice out there and was not impressed.
kwassa
(23,340 posts)Please.
Wraith20878
(181 posts)But this was my initial reaction
Volaris
(10,251 posts)Otherwise, all parties involved can kiss my ass, and I'll go back to playing Old Republic and Force Unleashed.
Adenoid_Hynkel
(14,093 posts)George's journey to the dark side is now complete!