10-30-2012, 02:00 PM
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#1
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ALL ABOARD!
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Disney purchases Lucasfilms for $4B
http://www.streetinsider.com/Hot+M+a...l/7828440.html
Quote:
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.
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.
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10-30-2012, 02:01 PM
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#2
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Dances with Wolves
Join Date: Jun 2006
Location: Section 304
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Holy hell. I thought the Marvel purchase was huge. Disney stores are going to need to get a little bigger.
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10-30-2012, 02:03 PM
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#3
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ALL ABOARD!
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PIXAR, Marvel and now Lucasfilms. They've always been an entertainment powerhouse but they're pretty much untouchable now.
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10-30-2012, 02:05 PM
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#4
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Lifetime Suspension
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I forgot they owned Marvel too. Holy moly, that's a lot of stuff they got...
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10-30-2012, 02:09 PM
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#5
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First Line Centre
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Does this mean Disney can develop its own trilogy based solely on Jar Jar Binks if it wanted to?
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10-30-2012, 02:12 PM
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#6
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Franchise Player
Join Date: Apr 2012
Location: Maryland State House, Annapolis
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With these big acquisitions from Disney it seems they are still trying to make up for John Carter...
__________________
"Think I'm gonna be the scapegoat for the whole damn machine? Sheeee......."
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10-30-2012, 02:13 PM
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#7
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Franchise Player
Join Date: Mar 2007
Location: Income Tax Central
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Quote:
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"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."
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Excellent. Excellent. Excellent.
In other news, Disney is now going to take over the world. And I for one welcome our new mouse overlords.
__________________
The Beatings Shall Continue Until Morale Improves!
This Post Has Been Distilled for the Eradication of Seemingly Incurable Sadness.
The World Ends when you're dead. Until then, you've got more punishment in store. - Flames Fans
If you thought this season would have a happy ending, you haven't been paying attention.
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10-30-2012, 02:29 PM
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#8
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Unfrozen Caveman Lawyer
Join Date: Oct 2002
Location: Crowsnest Pass
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$4 B does not seem to be nearly enough. Each new movie will earn well over $1B.
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10-30-2012, 02:33 PM
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#9
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Lifetime Suspension
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Quote:
Originally Posted by troutman
$4 B does not seem to be nearly enough. Each new movie will earn well over $1B.
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I wonder what all the little details of the deal are. I would be shocked if Lucas still doesn't have some lasting stake in Lucas Films.
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10-30-2012, 02:36 PM
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#10
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Franchise Player
Join Date: Mar 2007
Location: Income Tax Central
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Quote:
Originally Posted by MrMastodonFarm
I wonder what all the little details of the deal are. I would be shocked if Lucas still doesn't have some lasting stake in Lucas Films.
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Quote:
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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.
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He gets half of it in shares.
__________________
The Beatings Shall Continue Until Morale Improves!
This Post Has Been Distilled for the Eradication of Seemingly Incurable Sadness.
The World Ends when you're dead. Until then, you've got more punishment in store. - Flames Fans
If you thought this season would have a happy ending, you haven't been paying attention.
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The Following User Says Thank You to Locke For This Useful Post:
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10-30-2012, 02:40 PM
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#11
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Franchise Player
Join Date: Oct 2010
Location: Calgary
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Dang, if Disney buys Sony entertainment (struggling) and DC they'll probably be the biggest entertainment franchise monopoly to ever exist, if they aren't close to that already.
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10-30-2012, 02:41 PM
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#12
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Franchise Player
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Star Wars 7.
Reuters Top NewsVerified
@Reuters
Star Wars episodes eight and nine will follow, Disney says in press release. Long-term plan is feature film every two-three years.
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The Following User Says Thank You to JurassicTunga12 For This Useful Post:
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10-30-2012, 02:43 PM
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#13
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ALL ABOARD!
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Lucasfilms Ltd consists of Lucasfilm, Industrial Light & Magic, Lucas Animation, LucasArts and Lucas Merchandising.
If they get all that for $4B that's a steal.
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10-30-2012, 02:44 PM
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#14
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Franchise Player
Join Date: Mar 2007
Location: Income Tax Central
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Quote:
Originally Posted by JurassicTunga12
Star Wars 7.
Reuters Top NewsVerified
@Reuters
Star Wars episodes eight and nine will follow, Disney says in press release. Long-term plan is feature film every two-three years.
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Do not. Fata. This. Up.
__________________
The Beatings Shall Continue Until Morale Improves!
This Post Has Been Distilled for the Eradication of Seemingly Incurable Sadness.
The World Ends when you're dead. Until then, you've got more punishment in store. - Flames Fans
If you thought this season would have a happy ending, you haven't been paying attention.
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The Following 4 Users Say Thank You to Locke For This Useful Post:
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10-30-2012, 02:46 PM
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#15
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Franchise Player
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Quote:
Originally Posted by Locke
Do not. Fata. This. Up.
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How could it possibly be worse than a prequel trilogy retroactively destroying the mythology of a classic trilogy?
I mean lets be honest here, the series is already ruined, it cannot get worse. I'm actually optimistic about this.
__________________
Quote:
Originally Posted by MisterJoji
Johnny eats garbage and isn’t 100% committed.
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10-30-2012, 02:49 PM
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#16
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Powerplay Quarterback
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As a massive Star Wars fan, and a Disney shareholder....today is a good day
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10-30-2012, 02:51 PM
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#17
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#1 Goaltender
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Quote:
Originally Posted by MolsonInBothHands
Does this mean Disney can develop its own trilogy based solely on Jar Jar Binks if it wanted to?
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You shut your face!
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10-30-2012, 03:31 PM
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#18
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Franchise Player
Join Date: Feb 2007
Location: Calgary, AB
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Also missed in all the Star Wars hype is that Disney now also owns the rights to Indiana Jones as well.
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10-30-2012, 03:37 PM
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#19
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Franchise Player
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Now all Disney needs to do is purchase an NHL franchise.
They should buy the Ducks and rename them the Mighty Ducks of Anaheim
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10-30-2012, 03:38 PM
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#20
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Ate 100 Treadmills
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Meh...this is slightly better than having the franchise remain in the hands of Lucas. Unfortunate but true. If there was ever a case for mandatory retirement after the age of 60, just take a look at what Lucas did to Star Wars and Indy.
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