Disney purchases Lucasfilm

[xxMATTGxx]

Wow, it seems Disney has decided to buy Lucasfilm which also includes the Star Wars franchise.

Media giant Disney has purchased movie and TV production house Lucasfilm for $4.05B in cash and stock, according to a Street Insider report. The deal includes the Star Wars franchise, which Disney is producing a new episode of in 2015, says Reuters.

The transaction includes Disney paying roughly half of the price in cash and the rest in 40 million shares at closing of market.

Bob Iger, the CEO of Disney, says that ““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.”

Lucas says that it is now “time for me to pass Star Wars on to a new generation of filmmakers.”

“For the past 35 years, one of my greatest pleasures has been to see Star Wars passed from one generation to the next,” he added, ”I’ve always believed thatStar 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.”

More to follow

Sources:

http://thenextweb.com/media/2012/10/...ash-and-stock/

http://thewaltdisneycompany.com/disn...-lucasfilm-ltd

[Stephen!]

I'm excited and devastated at the same time.

I... I just don't know what to think.

[Aiden]

Oh woo! I can't wait to see that now, Woody in Star Wars will be amazing!

[David]

i think they'll ruin it ngl

[xxMATTGxx]

Could be a good or a bad thing I suppose, will have to wait and see...

[the.games]

I think they should have kept them separate, but I'd like to see new productions before making any judgements.

[Futz]

What does this mean for that online star wars game? I hope they get rid of it lel

[David]

What does this mean for that online star wars game? I hope they get rid of it lel

isnt that lucasarts, they only bought lucasfilm

[Stephen!]

I have decided my opinion on the situation.

http://nooooooooooooooo.com/

That should suffice.

[Futz]

isnt that lucasarts, they only bought lucasfilm

not sure but wouldnt buying lucasfilms come with the rights to star wars, I'm really not sure how it works