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  1. #1

    Exclamation DISNEY TO ACQUIRE LUCASFILM LTD. - EPISODE VII in 2015. No joke.

    DISNEY TO ACQUIRE LUCASFILM LTD.

    Global leader in high-quality family entertainment agrees to acquire world-renowned Lucasfilm Ltd, including legendary STAR WARS franchise.
    Acquisition continues Disney's strategic focus on creating and monetizing the world's best branded content, innovative technology and global growth to drive long-term shareholder value.
    Lucasfilm to join company's global portfolio of world class brands including Disney, ESPN, Pixar, Marvel and ABC.
    STAR WARS: EPISODE 7 feature film targeted for release in 2015.

    Burbank, CA and San Francisco, CA, October 30, 2012 – Continuing its strategy of delivering exceptional creative content to audiences around the world, The Walt Disney Company (NYSE: DIS) has agreed to acquire Lucasfilm Ltd. in a stock and cash transaction. Lucasfilm is 100% owned by Lucasfilm Chairman and Founder, George Lucas.
    Under the terms of the agreement and based on the closing price of Disney stock on October 26, 2012, the transaction value is $4.05 billion, with Disney paying approximately half of the consideration in cash and issuing approximately 40 million shares at closing. The final consideration will be subject to customary post-closing balance sheet adjustments.
    "Lucasfilm reflects the extraordinary passion, vision, and storytelling of its founder, George Lucas," said Robert A. Iger, Chairman and Chief Executive Officer of The Walt Disney Company. "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."


    "For the past 35 years, one of my greatest pleasures has been to see Star Wars passed from one generation to the next," said George Lucas, Chairman and Chief Executive Officer of Lucasfilm. "It's now time for me to pass Star Wars on to a new generation of filmmakers. I've always believed that Star Wars could live beyond me, and I thought it was important to set up the transition during my lifetime. I'm confident that with Lucasfilm under the leadership of Kathleen Kennedy, and having a new home within the Disney organization, Star Wars will certainly live on and flourish for many generations to come. Disney's reach and experience give Lucasfilm the opportunity to blaze new trails in film, television, interactive media, theme parks, live entertainment, and consumer products."


    Under the deal, Disney will acquire ownership of Lucasfilm, a leader in entertainment, innovation and technology, including its massively popular and "evergreen" Star Wars franchise and its operating businesses in live action film production, consumer products, animation, visual effects, and audio post production. Disney will also acquire the substantial portfolio of cutting-edge entertainment technologies that have kept audiences enthralled for many years. Lucasfilm, headquartered in San Francisco, operates under the names Lucasfilm Ltd., LucasArts, Industrial Light & Magic, and Skywalker Sound, and the present intent is for Lucasfilm employees to remain in their current locations.


    Kathleen Kennedy, current Co-Chairman of Lucasfilm, will become President of Lucasfilm, reporting to Walt Disney Studios Chairman Alan Horn. Additionally she will serve as the brand manager for Star Wars, working directly with Disney's global lines of business to build, further integrate, and maximize the value of this global franchise. Ms. Kennedy will serve as executive producer on new Star Wars feature films, with George Lucas serving as creative consultant. Star Wars Episode 7 is targeted for release in 2015, with more feature films expected to continue the Star Wars saga and grow the franchise well into the future.


    The acquisition combines two highly compatible family entertainment brands, and strengthens the long-standing beneficial relationship between them that already includes successful integration of Star Wars content into Disney theme parks in Anaheim, Orlando, Paris and Tokyo.


    Driven by a tremendously talented creative team, Lucasfilm's legendary Star Wars franchise has flourished for more than 35 years, and offers a virtually limitless universe of characters and stories to drive continued feature film releases and franchise growth over the long term. Star Wars resonates with consumers around the world and creates extensive opportunities for Disney to deliver the content across its diverse portfolio of businesses including movies, television, consumer products, games and theme parks. Star Wars feature films have earned a total of $4.4 billion in global box to date, and continued global demand has made Star Wars one of the world's top product brands, and Lucasfilm a leading product licensor in the United States in 2011. The franchise provides a sustainable source of high quality, branded content with global appeal and is well suited for new business models including digital platforms, putting the acquisition in strong alignment with Disney's strategic priorities for continued long-term growth.


    The Lucasfilm acquisition follows Disney's very successful acquisitions of Pixar and Marvel, which demonstrated the company's unique ability to fully develop and expand the financial potential of high quality creative content with compelling characters and storytelling through the application of innovative technology and multiplatform distribution on a truly global basis to create maximum value. Adding Lucasfilm to Disney's portfolio of world class brands significantly enhances the company's ability to serve consumers with a broad variety of the world's highest-quality content and to create additional long-term value for our shareholders.


    The Boards of Directors of Disney and Lucasfilm have approved the transaction, which is subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act, certain non-United States merger control regulations, and other customary closing conditions. The agreement has been approved by the sole shareholder of Lucasfilm.


    Note: Additional information and comments from Robert A. Iger, chairman and CEO, The Walt Disney Company, and Jay Rasulo, senior executive vice president and CFO, The Walt Disney Company, regarding Disney's acquisition of Lucasfilm, are attached.



    Investor Conference Call:
    An investor conference call will take place at approximately 4:30 p.m. EDT / 1:30 p.m. PDT today, October 30, 2012. To listen to the Webcast, turn your browser to /investors/events or dial in domestically at (888) 771-4371 or internationally at (847) 585-4405. For both dial-in numbers, the participant pass code is 33674546.
    The discussion will be available via replay on the Disney Investor Relations website through November 13, 2012 at 5:00 PM EST/2:00 PM PST.


    About The Walt Disney Company
    The Walt Disney Company, together with its subsidiaries and affiliates, is a leading diversified international family entertainment and media enterprise with five business segments: media networks, parks and resorts, studio entertainment, interactive media, and consumer products. Disney is a Dow 30 company with revenues of over $40 billion in its Fiscal Year 2011.


    About Lucasfilm Ltd.
    Founded by George Lucas in 1971, Lucasfilm is a privately held, fully-integrated entertainment company. In addition to its motion-picture and television production operations, the company's global activities include Industrial Light & Magic and Skywalker Sound, serving the digital needs of the entertainment industry for visual-effects and audio post-production; LucasArts, a leading developer and publisher of interactive entertainment software worldwide; Lucas Licensing, which manages the global merchandising activities for Lucasfilm's entertainment properties; Lucasfilm Animation; and Lucas Online creates Internet-based content for Lucasfilm's entertainment properties and businesses. Additionally, Lucasfilm Singapore, produces digital animated content for film and television, as well as visual effects for feature films and multi-platform games. Lucasfilm Ltd. is headquartered in San Francisco, California.

    I don't want an EPISODE VII. I personally don't care if they make more Star Wars films, but can they create a new storyline that is tangentially based on something that happened beyond Luke, Leia and Han???

    The only good thing about this is possibly an entirely Star Wars themed park!!!
    OK... I BLOG. YOU READ. at http://jedipartner1967.livejournal.com
    **Steven Sterlekar (1969-2001)**

  2. #2

    Disney Acquiring lucasfilm and Star Wars.

    Found this VERY interesting. Not sure if I like the move though.

    http://thewaltdisneycompany.com/disn...-lucasfilm-ltd

  3. #3
    ...and I don't want the Thrawn Trilogy. I don't want to see someone else playing Luke, Leia, Han or Lando.
    OK... I BLOG. YOU READ. at http://jedipartner1967.livejournal.com
    **Steven Sterlekar (1969-2001)**

  4. #4
    I just posted the link at the same time. I agree I hope they take this down a different story line don't try to find new actors for the original characters.

  5. #5
    All I want is unaltered versions of the Original Trilogy on Blu-Ray. With Lucas out of the driver's seat, it seems like that is finally becoming a possibility.

    I'm also not that excited about the prospect of new Star Wars films. Although it will be interesting to see what kind of role Lucas will play in the creation of these new films and what the ends results will be. I can't help but think that they will be better movies just by Lucas' absence.
    "To be concerned about being grown up, to admire the grown up because it is grown up, to blush at the suspicion of being childish; these things are the marks of childhood and adolescence… When I became a man I put away childish things, including the fear of childishness and the desire to be very grown up." - C.S. Lewis

  6. #6
    I could not be more shocked. Lucas used to state that SW ended with him, that as a movie and saga it was under his direct control. Yet here he's
    "For the past 35 years, one of my greatest pleasures has been to see Star Wars passed from one generation to the next," said George Lucas, Chairman and Chief Executive Officer of Lucasfilm. "It's now time for me to pass Star Wars on to a new generation of filmmakers. I've always believed that Star Wars could live beyond me, and I thought it was important to set up the transition during my lifetime.
    That's such a 180, naturally he says it's something he's always believed.

    Installing Kathleen Kennedy as the top of the company suggests to me that this has been in the works for some time already.

    I wonder if LucasArts, ILM, and Lucas Licensing are going to remain their own thing and are going to remain controlling interests for SW for each of their arms. Also, what happens to the SW Celebration conventions with this?

    EDIT: This *does* include the Lucas companies like ILM and Lucasarts! That's CRAZY! The most powerful effects house in the world is now once again under the Disney banner (ILM was never under the Disney banner, before ILM was created it was Disney's fx house that was the largest).

    Quote Originally Posted by bigbarada View Post
    All I want is unaltered versions of the Original Trilogy on Blu-Ray. With Lucas out of the driver's seat, it seems like that is finally becoming a possibility.

    I'm also not that excited about the prospect of new Star Wars films. Although it will be interesting to see what kind of role Lucas will play in the creation of these new films and what the ends results will be. I can't help but think that they will be better movies just by Lucas' absence.
    A buddy of mine just said the same thing about the pre-SE OT and I had to explain to him that there are no usable ANH prints left anymore, the master print was butchered to make the SE, that was the original point of the SE to restore the ANH master print but instead they turned it into the SE. Unless they find a miracle print for ANH, there's not a good chance we'll ever see it on Blu Ray or any HD quality format.

    I feel that Episode VII sounds very worrisome as a concept, but who knows, maybe they'll pull it out. As for Lucas' involvement, I hope he's involved but doesn't have final say on some things, he's an excellent idea man and has a global vision, he just sucks at culling the bad ideas from the good. I certainly don't want Muppet Treasure Island and Muppet Christmas Carol to be the future of Star Wars.

    Steve thinks this will put a Star Wars themepark into existence, I suspect he's right and it'll be a full satellite park in Orlando as part of Walt Disney World.

    I think Ep VII could work with the OT cast if they simply use them as voice actors and do CGI people, Steve is saying CGI their heads onto other actors the way they did with Palpatine and Dooku in ROTS, I'm thinking they could even get the actors and de-age them a little the way X-men 3 did with Professor X and Magneto. 2015 isn't that far off though, so they better have SOMETHING in mind and a script underway.


    I bet we finally see Tucker: A Man and his Dream released on a disc format, then locked in the "disney vault".
    Darth Vader is becoming the Mickey Mouse of Star Wars.

    "In Brooklyn, a castle, is where dwell I"
    The use of a lightsaber does not make one a Jedi, it is the ability to not use it.

  7. #7
    I'm kind of numb after hearing this. Seeing how Disney handled Power Rangers when it was in their possession. Now I'm going to have to experience it all over again with Star Wars.
    Rogue Squadron-19 Golds, Battle For Naboo-18 Platinums, Rogue Leader-15 Golds/15 Aces, Rebel Strike-19 Single Golds/19 Single Aces
    James Boba Fettfield & Lord Malakite's Video Game Collection

  8. #8
    Too numb to adequately post a response, but I did want to share this video of Disney, Lucas and Kathleen talking the whole thing over:

    http://www.youtube.com/watch?v=YyqlT...ature=youtu.be
    ~Umbra: Light is only a shadow cast by the darkness of the stars

  9. #9
    Quote Originally Posted by JediTricks View Post
    I'm thinking they could even get the actors and de-age them a little the way X-men 3 did with Professor X and Magneto.
    They can de-age them, but they can't de-fat them.
    OK... I BLOG. YOU READ. at http://jedipartner1967.livejournal.com
    **Steven Sterlekar (1969-2001)**

  10. #10
    Quote Originally Posted by JediTricks View Post
    A buddy of mine just said the same thing about the pre-SE OT and I had to explain to him that there are no usable ANH prints left anymore, the master print was butchered to make the SE, that was the original point of the SE to restore the ANH master print but instead they turned it into the SE. Unless they find a miracle print for ANH, there's not a good chance we'll ever see it on Blu Ray or any HD quality format.
    That doesn't seem like it could be true. If nothing else, the Library of Congress should still have a copy of each film from their original releases. I don't know how easy it would be to gain access to those copies for the purposes of digital restoration, but I'm sure it could be done.

    Quote Originally Posted by JediTricks View Post
    I'm thinking they could even get the actors and de-age them a little the way X-men 3 did with Professor X and Magneto.
    Seriously, I hope no filmmaker ever tries that again, it looked horrible, horrible, horrible, horrible. Because all they did was erase wrinkles and they never even addressed the long-term effects of gravity on a human face and the fact that face widen over time. So we ended up with smooth-skinned yet still saggy, fat faces that looked totally inhuman.

    Maybe they can cast Shia LeBeouf as Han Solo's son and have him sit in the pilot's seat of the Millenium Falcon at the end of the movie only to have Harrison Ford yank him out and say, "Don't even think about it."
    "To be concerned about being grown up, to admire the grown up because it is grown up, to blush at the suspicion of being childish; these things are the marks of childhood and adolescence… When I became a man I put away childish things, including the fear of childishness and the desire to be very grown up." - C.S. Lewis

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