Home

Disney Buys Lucasfilm for $4.05 Billion
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

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.

  
What
Where


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.

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.

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!!






 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Mid-level Tax Associate Attorney

USA-CA-Los Angeles

Los Angeles office of an AmLaw firm seeks mid-level tax associate attorney with 3-5 years of experie...

Apply Now

Real Estate/Transactional Attorney

USA-PA-Camp Hill

Camp Hill office of our client seeks real estate/transactional attorney with experience. The candida...

Apply Now

Corporate Attorney

USA-WY-Laramie

Laramie office of our client seeks corporate attorney with 2+ years of experience.

Apply Now

RELEVANT JOBS

Construction Attorney

USA-FL-Deerfield Beach

Highly regarded, AV-rated law firm seeks Construction Litigation Associate with a minimum of 5 years...

Apply now

Family Law Firm seeks Associate Attorney

USA-WA-Vancouver

Are you ready to excel at the highest levels of family law? Do you prefer a dynamic, energetic pract...

Apply now

Legal Secretary

USA-NY-Buffalo

Legal Secretary for small but busy law firm in downtown Buffalo, primarily handling real estate matt...

Apply now

Commercial Real Estate Attorney

USA-AL-Huntsville

Benefits Offered 401K, Dental, Medical, Vision Employment Type Full-Time Leo Law Firm, L...

Apply now

SEARCH IN ARCHIVE

To Top