Disney buys George Lucas’s Lucasfilm and ‘Star Wars’ franchise for $4.05 billion

“Walt Disney Co has agreed to buy filmmaker George Lucas’s Lucasfilm Ltd and the ‘Star Wars’ franchise for $4.05 billion in cash and stock, a blockbuster deal that adds one of the most beloved franchises in entertainment history to Disney’s lineup,” Lisa Richwine and Ronald Grover report for Reuters.

“Disney said there would be a new series of ‘Star Wars’ feature films as part of the deal, with the first movie expected in 2015,” Richwine and Grover report. “Disney Chief Executive Bob Iger, in prepared remarks for analysts, said the plan was to release a new movie in the series every two to three years thereafter.”

Richwine and Grover report, “Lucas, a Hollywood icon known for exercising control over the most minute details of the fictional universe he created, will remain as a creative consultant. ‘It`s now time for me to pass ‘Star Wars’ on to a new generation of filmmakers,’ he said in a statement.”

George Lucas
George Lucas
“Lucas will become the second-largest individual holder of Disney shares, with a 2.2 percent stake,” Richwine and Grover report.

MacDailyNews Note: Steve Jobs’ widow, Laurene Powell Jobs, is the largest individual holder of Disney shares.

Richwine and Grover report, “This deal marks the third time in less than seven years that Disney has signed a massive deal to take over a beloved studio or character portfolio, part of its strategy to acquire brands that can be stretched across TV, movies, theme parks and the Internet. In early 2006, Disney struck a deal to acquire ‘Toy Story’ creator Pixar, and in the summer of 2009 it bought the comic book powerhouse Marvel Entertainment.”

Read more in the full article here.

MacDailyNews Take: Thank God for beards or George Lucas would have no discernible chin.

Oh, come on, you were thinking it, too.

The good news is that any future “Star Wars” movies can’t be much worse than the last three.

[Thanks to MacDailyNews readers too numerous to mention individually for the heads up.]

Related articles:
Disney completes Pixar acquisition; Steve Jobs now Disney’s single largest shareholder – May 5, 2006
Disney CEO receives $55,000 in AAPL shares for joining Apple’s Board of Directors – November 18, 2011

81 Comments

        1. Agreed. It was a good movie and it seems like the book of John Carter was the inspiration for Star Wars, Stat Trek and other SiFi. I had never heard of John Carter before and that was one of the problems. From what I heard Disney made minimal marketing since they believed every one already knew who John Carter was. It was an extremely expensive movie to produce, $400 million but no one would have coma ones about that if it took in like $600 million. After the “economic” flop that was John Carter everyone started attacking the movie which I think was wrong. I am happy Disney took the step and produced the movie.

  1. It will be interesting to see which direction Disney goes first — back to the Old Republic days (pre Episodes 1-3), or continuing on with a galaxy not so long, long ago with Episode 7 and after.

        1. Way back when (after 1 [aka Episode 4] came out), the plan was to do 12 movies. Lucas spoke publicly about this plan several times. Then after 2 [aka Episode 5] came out and Lucas saw that doing 12 would be a major grind, the plan was to do nine movies. Do 4, 5 & 6 then while the actors age naturally, do 1, 2 & 3 (the prequels). Finally, do 7, 8 & 9 with the original, now older, actors heavily in 7 and less and less through 8 & 9.

          Clearly that never happened.

          Maybe Disney will bring the original 12 back with the order
          A, B, C, 1, 2, 3, 4, 5, 6, 7, 8, 9 (using the current numbering for Episodes 1 through 6) with 7, 8 & 9 being done first. Maybe in A we see a young Yoda?

        2. Even if you go completely new cast, Luke (Hamill) is the last known surviving Jedi. You need more than a 5 minute cameo to give you the push into the new direction. Either way, summer 2015 is not so far away that we wont be hearing rumors by next summer.

  2. Boy! This can’t hurt Apple. Disney has been on board with Apple’s movie/television desires. This makes that cooperation that much more important. I’m not saying that this will make the Apple iTV happen but it will get it a little bit closer. And I for one believe that it will happen. And not that far in the future. The studios and cable operators are going to be a difficult challenge for Apple but I just think that it will come to fruition. And I think it will happen in 2013.

Reader Feedback

This site uses Akismet to reduce spam. Learn how your comment data is processed.