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  • Disney buys Lucasfilm For 4.05 Billion
    Oct. 30 (Bloomberg) -- Walt Disney Co. agreed to buy George Lucas’s Lucasfilm Ltd. for $4.05 billion in cash and stock, adding “Star Wars” and “Indiana Jones” to a roster of film hits including “The Avengers” and “Finding Nemo.”

    Lucas, 68, the sole owner, will receive half in cash and the balance in stock, becoming a major investor in the film, theme-park and TV company, according to a statement today from Burbank, California-based Disney. The first of a new trilogy of “Star Wars” films will be released in 2015, Disney said.

    The deal brings Disney, which paid a combined $11 billion for Pixar and Marvel in the past decade, two of Hollywood’s most lucrative franchises. The “Star Wars” films have generated $4.54 billion in worldwide ticket sales, second to Warner Bros.’ “Harry Potter,” according to Box Office Mojo. “Indiana Jones” pictures have collected $1.95 billion.

    “Dating all the way back to Walt Disney’s day, we learned the value of great content, characters, storytelling and great imaginary worlds,” Chief Executive Officer Robert Iger said in an interview.

    The acquisition complements Iger’s focus on sequels and film franchises, fitting the same profile as the Marvel purchase three years ago.

    “If Disney is really trying to focus on the tent-pole, event pictures, and given that this is something that has huge carryover value in the parks and merchandise business, it certainly makes sense,” said Matthew Harrigan, an analyst at Wunderlich Securities in Denver. “This is just the paradigm of the sustainable Hollywood franchise.”

    Creative Consultant

    Disney fell 0.4 percent to $50.05 on Oct. 26, the last trading day before Hurricane Sandy forced markets to shut down. The stock has gained 34 percent this year.

    Lucas, who will be a creative consultant on “Star Wars” films, will receive about 40 million Disney shares, becoming the second-largest non-institutional shareholder with about 2.2 percent of the company, data compiled by Bloomberg show. The largest is the trust of late Apple Inc. co-founder Steve Jobs, who sold Pixar to Disney in 2006.

    Talks between Disney and Lucas began a year and a half ago, Iger said today on a conference call.

    “It’s his intent to retire,” Iger said.

    Kathleen Kennedy, co-chairman of Lucasfilm with its founder, will become president of Lucasfilm, reporting to Walt Disney Studios Chairman Alan Horn, according to the statement. Disney has no plans to develop Lucas films other than “Star Wars,” executives said on a conference call.

    Read more: http://www.sfgate.com/business/bloomberg...z2BTrN2Qhx
    (This post was last modified: 11-06-2012, 04:34 PM by Bunny.)

    Bunnies are better
    I already stopped watching Star Wars when the prequels came out. They look like Pixar already so it makes sense that Disney would buy the franchise.

    Kevin Smith, whom I idolize, is a huge Star Wars fan and seems to be behind the sale:

    Quote:WE ARE DISNEY!

    Lots of folks asking what I think about the recent announcement that Disney is now the proud owned of the STAR WARS universe.

    I'm all for it.

    But it may just be his way of trying to suck Disney's ass to get a job in the new movie Smile

    Wildcard is awesome.
    The Disney Princesses welcoming Princess Leia LMAO LMAO LMAO LMAO

    Bunnies are better

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