Tuesday, July 23, 2019

DISNEY BUYS LUCASFILM; MORE STAR WARS MOVIES COMING

October 30, 2012 by · Leave a Comment 

In an announcement that surprised — if not astonished — the movie industry, the Walt Disney Co. announced today (Tuesday) that it has acquired George Lucas’s Lucasfilm LTD in a stock-and-cash deal worth $4.05 billion. The deal calls for the unit, which will be headed by longtime Lucas collaborator Kathleen Kennedy, to roll out at least three more Star Wars movies, the first in 2015. In a statement, Disney chief Robert Iger said, “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.”