October 30, 2012

Well that's done then - Disney now owns Our Childhood

From The Hollywood Reporter:
Disney to Buy Lucasfilm for $4.05 Billion; New 'Star Wars' Movie Set for 2015
The Walt Disney Co. has acquired Lucasfilm for $4.05 billion in cash and stock and announced a new Star Wars movie to be released in 2015.

Kathleen Kennedy, current co-chair of Lucasfilm, will become its president, reporting to Walt Disney Studios chair Alan Horn. Disney is paying about half the purchase price in cash and will issue 40 million shares of stock, the company said in a statement Tuesday.

Kennedy will serve as executive producer on new Star Wars features, with the franchise's creator and Lucasfilm founder George Lucas, 68, serving as creative consultant. There are plans to release a new Star Wars film every two or three years.

�For the past 35 years, one of my greatest pleasures has been to see Star Wars passed from one generation to the next,� said Lucas, chairman and CEO of Lucasfilm, in a statement. �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.�

The deal comes on the heels of Disney's 2009 acquisition of Marvel Entertainment and its 2006 purchase of Pixar Animation Studios, two potent entertainment brands that appeal to families. The Disney board has approved the Lucasfilm acquisition, but it is subject to antitrust scrutiny by the U.S. government.
Hey Kathleen -- major congratulations but could I make a tiny suggestion? Jar-Jar... Carbonite... And then, maybe an outtake of this panel being forklifted into the same Federal Storage and Records Facility that is now housing the Lost Ark of the Covenant. Just a thought Posted by DaveH at October 30, 2012 10:32 PM
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