Quantum Windbag
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- May 9, 2010
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I can't figure out if this is good news or bad news.
Breaking: Disney to Acquire Lucasfilm, Star Wars Episode 7 Coming in 2015! - ComingSoon.net
The Walt Disney Company announced today it has agreed to acquire Lucasfilm and is planning Star Wars Episode 7 for 2015! In a later conference call, Disney revealed that they are planning a new trilogy starting in 2015 with a new movie coming every other year. They were also asked about "Indiana Jones," but said that they were going to concentrate on the "Star Wars" franchise for now. This is following such big purchases as Pixar and Marvel Entertainment. Here is the full press release:
Continuing its strategy of delivering exceptional creative content to audiences around the world, The Walt Disney Company 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."
Breaking: Disney to Acquire Lucasfilm, Star Wars Episode 7 Coming in 2015! - ComingSoon.net