Promote Your Attorney Profile on Law.net - Get Found / Earn More!
Tax Increases up to 90 Percent Best Move for All Americans
Tax Increases up to 90 Percent Best Move for All Americans
Gym Teacher Charged with Statutory Rape for Relationship with Student
Gym Teacher Charged with Statutory Rape for Relationship with Student
Stunning Pictures of Beach Art
Stunning Pictures of Beach Art
Supreme Court Rejects Gay Marriage Appeals
Supreme Court Rejects Gay Marriage Appeals
Legal Job Listings

Disney Buys Lucasfilm for $4.05 Billion

In one of the biggest deals this year in the entertainment industry, Walt Disney Co has agreed to buy George Lucas’s Lucasfilm Ltd and the “Star Wars” franchise for a consideration close to $4.05 billion in cash and stock. The deal holds out hope for the fans of “Star Wars” to expect another superb film of the series by 2015.

On Tuesday, Disney Chief Executive Bob Iger told the media that Disney plans to produce at least three more films in the Star Wars series, which is one of the biggest movie franchises of all time. The last film in the series, “Revenge of the Sith” was released in 2005.

In a video interview put on starwars.com on Tuesday, Lucas said that he had already created the story outlines of three more films along with multiple other story lines for Star Wars. Although he expressed his desire to leave the mainstream of film direction, Lucas would remain the creative consultant for the new films.

In his statement, Lucas said, “It’s now time for me to pass ‘Star Wars’ on to a new generation of filmmakers.” The deal would make Lucas the second-biggest individual shareholder in Disney with a 2.2 percent stake.

Get JD Journal in Your Mail
Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




A Lucasfilm spokeswoman informed that the three ranches in Marin County, in two of which Lucasfilm operations are conducted, are not part of the deal. In his interview, Lucas said Disney was one of the best bets for the franchise, as “I really wanted to put the company somewhere in a larger entity which could protect it.”

According to Disney CFO Rasulo, each of the last three movies in the Star Wars franchise would have grossed $1.5 billion in today’s earnings. The last film in the franchise made $550 million operating income in 2005. Currently, sales of “Star War” items like Darth Vader and Yoda figures bring in roughly about $215 million a year, proving the strong and committed fan base of the franchise.

Disney Buys Lucasfilm for $4.05 Billion by

Tagged: ,

Posted by on October 31, 2012. Filed under Home. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

 

 

Job of the Day
Employee Benefits Attorney / Consultant
USA-DC-Washington

  This premier consulting firm offers a good long-term opportunity with equity participation along with the best overall benefit plans of any national consulting firm.  They also offer an...

Related Posts: