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!!






 

RELEVANT JOBS

Law Clerk

USA-DC-Washington

C2 ALASKA, LLC Washington, DC   The Law Clerk II Journeyman- Division of Enforcem...

Apply now

Senior Business Development Manager

USA-DC-Washington

The Marketing Department at Arnold & Porter has an opening for a Senior Business Development Manager...

Apply now

Director of Administration

USA-VA-Arlington

Director of Administration (Communications/Litigation/Transactional Law Firm) Fletcher, Heald...

Apply now

Legal Executive Assistant

USA-VA-Arlington

Legal Executive Assistant (Communications/Copyright/Litigation)   Fletcher, Heald & Hi...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Attorney

USA-FL-Jacksonville

Jacksonville office of a BCG Attorney Search Top Ranked Law Firm seeks an attorney with 4-20 years o...

Apply Now

General Liability Associate Attorney

USA-GA-Atlanta

Atlanta office of a BCG Attorney Search Top Ranked Law Firm seeks general liability associate attorn...

Apply Now

Wealth Planning Senior Associate/Of Counsel

USA-NV-Reno

Reno office of a BCG Attorney Search Top Ranked Law Firm seeks wealth planning senior associate/of c...

Apply Now

SEARCH IN ARCHIVE

To Top