Disney Completes LucasFilm Acquisition

The Walt Disney Company officially owns LucasFilm after finalizing the deal as explained in this press release:

BURBANK, Calif., December 21, 2012 – Continuing its strategy of delivering exceptional creative content to audiences around the world, Robert A. Iger, President and Chief Executive Officer of The Walt Disney Company (NYSE:DIS) announced today that Disney has completed its acquisition of Lucasfilm Ltd. LLC.

“We’re thrilled to welcome Lucasfilm to the Disney family,” said Iger. “Star Wars is one of the greatest family entertainment franchises of all time and this transaction combines that world class content with Disney’s unique and unparalleled creativity across multiple platforms, businesses, and markets, which we believe will generate growth as well as significant long-term value.”

Under the terms of the merger agreement, at closing Disney issued 37,076,679 shares and made a cash payment of $2,208,199,950. Based upon the closing price of Disney shares on December 21, 2012 at $50.00, the transaction has a total value of approximately $4.06 billion.

Lucasfilm’s assets include its massively popular Star Wars franchise, operating businesses in live action film production, consumer products, animation, visual effects, and audio post production, as well as a substantial portfolio of cutting-edge entertainment technologies. It operates under the names Lucasfilm Ltd. LLC, LucasArts, Industrial Light & Magic, and Skywalker Sound.

Source

Wall-E/ Star Wars Mash Up

With Disney’s recent acquisition of Lucasfilm this gem of an image has resurfaced! Originally created in 2009 by Worth1000 artist DaemonDCLXVI, this image of Wall-E and Eva as R2-D2 and C-3PO is making it around the internet once again and we’re glad it is!

Art by DaemonDCLXVI

Thank to Geek Tyrant for the tip!

Disney Purchases Lucasfilm for $4.05 Billion

Here’s something that we didn’t see coming!  Today it was announced that Disney has acquired Lucasfilm for $4.05 billion  giving it all rights to the Star Wars franchise.  And what is probably the aspect of this deal that’s creating the most buzz is the fact that in 2015 we will be getting Star Wars: Episode VII!  You have to let us know what you think about that!

Here’s and excerpt from a very in depth article by Collider:

Disney has purchased George Lucas’ Lucasfilm for $4.05 billion, and has earmarked a 2015 release date for Star Wars: Episode VII. Yes, you read that right. Not only will Disney be in command of the Star Wars empire, but a seventh entry in one of the most popular franchise of all time is in the works and set for release the same year as The Avengers 2 and Justice League.

I’m still in a fair amount of shock here, but with this move Disney has solidified its plans to take over the world as the company now houses Pixar, Marvel, and Lucasfilm. The new was announced by both companies, so this is no hoax.

For all details click here to keep reading! And seriously – tell us what you think about this, we’d love to know!