What The Fuck Disney?

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What The Fuck Disney?

Post by le reddit maymays on October 30th 2012, 4:54 pm

Walt Disney buys LucasFilm, promises Star Wars Episode 7 in 2015

On Tuesday afternoon, the Walt Disney Company announced in a press release shortly before its investor call that it would acquire 100 percent of LucasFilm LTD for $4.05 billion, in cash and stock. In the press release, Disney also said it would invest in a Star Wars Episode 7 which would be released in 2015, "with more feature films expected to continue the Star Wars saga and grow the franchise well into the future."

Mickey Mouse will surely find many other ways to cash in on the beloved trilogy (and less-beloved, but still respected trilogy of prequels). "We also expect to utilize Star Wars in other businesses including Parks & Resorts, in games and in our television business. These initiatives were also considered in our valuation," Disney's press release said.

Disney's acquisition includes all the ventures of LucasFilm LTD, including the special effects powerhouse Industrial Light and Magic, as well as LucasArts and Skywalker Sound. "The present intent is for LucasFilm employees to remain in their current locations."

"For the past 35 years, one of my greatest pleasures has been to see Star Wars passed from one generation to the next," George Lucas was quoted in Disney's press release. "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."

During the Walt Disney conference call about the acquisition, the company said, "we plan to release one film every two to three years," after the seventh episode in 2015. It also said that while the Star Wars franchise is currently skewed towards "toys and North America," Disney planned to increase the "breadth and depth" of that appeal.

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