Disney Buys Lucasfilm, Star Wars 7 Coming In 2015

Tyler Durden's picture

Just when you thought the Star Wars sexalogy had three horrifying episodes too much, here comes Mickey Mouse to buy the HoldCo (for $4 billion) and make sure that even more atrocious dancing takes place on the grave of the science fiction movie that defined a generation. That, and a whole lot more Lando Calrissian action figures. Because how does one know Hollywood has officially run out of ideas? Like this: "Star Wars Episode 7 is targeted for release in 2015, with more feature films expected to continue the Star Wars saga and grow the franchise well into the future." Surely Star Wars 7 will have a Retina Display, but if young Skywalker relies on Apple maps to get to Tatooine we will just wait for part 9 (not to be confused with how many inches the maxiPad will be). What we are most excited about, however, is Indiana Jones 7 - Raiders of the Lost Wheelchair. And the renaming of Star Wars IV, of course, to "A New Hope and Change."

From the PR:

Disney to Acquire Lucasfilm Ltd.

  • Global leader in high-quality family entertainment agrees to acquire world-renowned Lucasfilm Ltd, including legendary STAR WARS franchise.
  • Acquisition continues Disney’s strategic focus on creating and monetizing the world’s best branded content, innovative technology and global growth to drive long-term shareholder value.
  • Lucasfilm to join company’s global portfolio of world class brands including Disney, ESPN, Pixar, Marvel and ABC.
  • STAR WARS: EPISODE 7 feature film targeted for release in 2015.

 Continuing its strategy of delivering exceptional creative content to audiences around the world, The Walt Disney Company (DIS) 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.”

“For the past 35 years, one of my greatest pleasures has been to see Star Wars passed from one generation to the next,” said George Lucas, Chairman and Chief Executive Officer of Lucasfilm. “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.”

Under the deal, Disney will acquire ownership of Lucasfilm, a leader in entertainment, innovation and technology, including its massively popular and “evergreen” Star Wars franchise and its operating businesses in live action film production, consumer products, animation, visual effects, and audio post production. Disney will also acquire the substantial portfolio of cutting-edge entertainment technologies that have kept audiences enthralled for many years. Lucasfilm, headquartered in San Francisco, operates under the names Lucasfilm Ltd., LucasArts, Industrial Light & Magic, and Skywalker Sound, and the present intent is for Lucasfilm employees to remain in their current locations.

Kathleen Kennedy, current Co-Chairman of Lucasfilm, will become President of Lucasfilm, reporting to Walt Disney Studios Chairman Alan Horn. Additionally she will serve as the brand manager for Star Wars, working directly with Disney’s global lines of business to build, further integrate, and maximize the value of this global franchise. Ms. Kennedy will serve as executive producer on new Star Wars feature films, with George Lucas serving as creative consultant. Star Wars Episode 7 is targeted for release in 2015, with more feature films expected to continue the Star Wars saga and grow the franchise well into the future.

The acquisition combines two highly compatible family entertainment brands, and strengthens the long-standing beneficial relationship between them that already includes successful integration of Star Wars content into Disney theme parks in Anaheim, Orlando, Paris and Tokyo.

Driven by a tremendously talented creative team, Lucasfilm’s legendary Star Wars franchise has flourished for more than 35 years, and offers a virtually limitless universe of characters and stories to drive continued feature film releases and franchise growth over the long term. Star Wars resonates with consumers around the world and creates extensive opportunities for Disney to deliver the content across its diverse portfolio of businesses including movies, television, consumer products, games and theme parks. Star Wars feature films have earned a total of $4.4 billion in global box to date, and continued global demand has made Star Wars one of the world’s top product brands, and Lucasfilm a leading product licensor in the United States in 2011. The franchise provides a sustainable source of high quality, branded content with global appeal and is well suited for new business models including digital platforms, putting the acquisition in strong alignment with Disney’s strategic priorities for continued long-term growth.

The Lucasfilm acquisition follows Disney’s very successful acquisitions of Pixar and Marvel, which demonstrated the company’s unique ability to fully develop and expand the financial potential of high quality creative content with compelling characters and storytelling through the application of innovative technology and multiplatform distribution on a truly global basis to create maximum value. Adding Lucasfilm to Disney’s portfolio of world class brands significantly enhances the company’s ability to serve consumers with a broad variety of the world’s highest-quality content and to create additional long-term value for our shareholders.

The Boards of Directors of Disney and Lucasfilm have approved the transaction, which is subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act, certain non-United States merger control regulations, and other customary closing conditions. The agreement has been approved by the sole shareholder of Lucasfilm

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Pladizow's picture

Fuck Bernanke and Ja Ja Binks!

redpill's picture

<--- People waiting in line overnight for iPhones are bigger dorks

<--- People waiting in line overnight to see a Star Wars movie are bigger dorks

Dr. Richard Head's picture

I've yet to watch one complete Star Wars movie in any itteration.

flacon's picture

I was at WalMart today, they are still pimping "Ninja Turtles". Isn't there anything new under the sun - I mean come on man... Star Wars?! Ninja Turtles?! PokeBong?!

Almost Solvent's picture

CareBears reboot hits movie theaters early next year. Budget overruns estimated at 15-20M have delayed the premiere . . .

Oh regional Indian's picture

Star Wars 7 : The Revenge of the Fat Chinless Dude (No, Not Jabba)


unrulian's picture

Sorry had to junk you for going to WalMart

Pure Evil's picture

But, this time the Empire will be the good guys with the first Kenyan Emperor, the resistance as domestic terrorists, and the Jedi will have switched sides and bear some resemblance to the TSA.

homersimpson's picture

You can call me Dorkus Maximus as I stand in line for Star Wars 7.. but I ain't going to be camping out a week before the opening, that's for sure.

On the other hand.. please. Star Wars is a classic. iPhones are just a fad. Let's not use iPhones and Star Wars in the same sentence, because no one will care about the iPhone in 40 years, let alone 4.

I am a Man I am Forty's picture

Is it the computer part, internet part, touch screen part, or telephone part of the iPhone that is just a fad?

object_orient's picture

Wow you are sensitive about Apple. The sum of those parts you listed could also be any number of other devices. Does the original iPhone have value anymore? The original Star Wars sure does.

homersimpson's picture

Obviously this guy hasn't gotten the memo that the iPhone won't go the way of the transistor radio and the horse/buggy one day..

DaveyJones's picture

Industrial Light and Magic is the real history marker. One good measurement is placing the film's special effects against Logan's Run which came out, I think, a year earlier. In some ways, Star Wars and the Iphone have a lot in common. As reality becomes more unacceptable, we live more and more in our artificial worlds.   

asteroids's picture

Fucking genius move by Lucas. He is cashing out at the right time. Look Lucasfilm is nothing more than a really big SFX house these days. There are tons of smaller one that are eating into his profits. Take a look at the credits for Clould Atlas, he'll they are almost as long as the m ovie.

herewego...'s picture

Fucking genius move by the PR company - a story burried on Halloween and after a major storm.


If this had appeared, say, last week or next week then we'd have obligatory stories talking about the purchasing of a nation's shared memories (Pixar + Marvel + now Star wars).


A deal worth billions that was inked a while back. Wouldn't you wait for the right moment to tell the world?

RafterManFMJ's picture

I just learned I cannot vote for both options.

QE49er's picture

I believe "Spaceballs 2: The Search For More Money" is the more appropriate sequel we should all be waiting for during these hard times. 

Terminus C's picture

Spaceballs was a fucking classic.

Everyman's picture

Your post SHOULD read:

"I believe "Spaceballs 2: The Search For More SPACEBUCKS" is the more appropriate sequel we should all be waiting for during these hard times. 

Pure Evil's picture

Yes, a new hope that Obama will be re-elected to a second term, but very little change from his first term.

Magnix's picture

It better not be a lame movie with too many special effects. It must have a good plot. Not just throw some special effects and end the movie badly. I would be DISAPPOINTED - LOL. I hope it would be more of a Titantic, Avavtor, ET movie kind of thing. Best of the best.

greenEagles's picture


TheEmperor's picture

This move is unexpected, it is too aggressive.

Lord Maul, be mindful.

becky quick and her beautiful mouth's picture

as if millions of voices suddenly cried out in terror and were suddenly silenced.

krispkritter's picture

Post election response. Darth Obummer and the Darky Star...2012

lolmao500's picture


IndicaTive's picture

Is NOTHING sacred?

redpill's picture

Maybe they can get Janet Napolitano to play Chewbacca?

john39's picture

i think janet as the Sarlacc would be more appropriate:


Almost Solvent's picture

Janet Reno might fit the bill

Ballin D's picture

You linked the one I didnt need to look up to know its relevance.


DaveyJones's picture

and the Surgeon General for Jabba

and Obama to play Mark Hamill playing Luke, the skinny bad actor with no future 

BeaverFever's picture

Sorry, that role has already been filled by Obama's huskier half, The First Chewbacca.

If you have any problem with that she will happily place your head under one of her armpits and squish it to the size of a pea.

Dr. Engali's picture

The Star Wars trilogy  was my favorite movies when I was a kid. I really looked forward to Vader's story in the prequels. What a let down, Lucas really screwed them up.Then he milked the series for all that it was worth to the point that I'm surprised there is any value left. Maybe Disney will take a mulligan on  1,2, and 3 and do a do-over.

redpill's picture

And just to make sure whatever fuzzy warm childhood memories you had of the first trilogy were thoroughly annihilated, he re-released them with shitty, unnecessary CGI and dialogue changes.  Fucker.


Spastica Rex's picture

I used to think that Natalie Portman's terrible acting in the prequels must have been the fault of Lucas and horrible dialogue. Then I saw her in other films. I still hate Lucas. He's a great exemplar of our current "value system," however.

otto skorzeny's picture

Portman is an Israeli Firster and she starred in some POS movie about kicking the Palestinians out of the West Bank-I'm sure she received the SW job based  on her being a fave of the HollYid Syndicate

Disenchanted's picture




You mean Natalie Hershlag born in Jerusalem...right?


Portman, a dual citizen of the United States and Israel, has said that although she "really love[s] the States... my heart's in Jerusalem. That's where I feel at home." 


Natalie Portman Shills For The Zionist War Machine And Spews Lies On Syria: Jewish Hollywood’s Power In Action



The movie you refer to is called "Free Zone."

Hacked Economy's picture

Oh, to think that ZH was once a place for economic and philosophical wordplay in the comments section.  The occasional troll would come out from under the bridge and be quickly trounced as part of the entertainment.

Now the trolls are being replaced by cynical haters who spew the generic "we hate everything, and everything's Israel's fault".  Gimme a break.  It got old years ago.  If you don't like Jews, then fine...that's your opinion and you're entitled to it.  But Disney buys the Star Wars franchise, and you find a way to wedge it into THIS story?

You need a girlfriend.

otto skorzeny's picture

power and $ in the US is controlled by a Jewish cabal-explain to me how 1.7% of this country's wealth controls 40%+ of its wealth? as far as a girlfriend-1 wife is more than I can handle-and how the fuck does needing a girlfriend relate to anything? Also-Disney-run by a jew :(

Darth Sidious's picture

i'm sure that one wife is really ugly

icanhasbailout's picture

She is perhaps the single worst "actress" prostituted by Hollywood in a century. She must have won her roles with her tongue, because she sure didn't win them with her on screen performance.

Dr. Engali's picture

Yep then he released them digitally then digitally remastered then on Blu-ray and blah blah blah blah blah on and on and on.... Money grubbing fucker.