Disney has bought LucasFilm Ltd for $4.05 billion. Shortly after the transaction, Disney announced they will be released a new Star Wars movie in 2015. This is good news if you are a Star Wars fan.
Originally, the creator of Star Wars, George Lucas had envisioned nine Star Wars movies, but after his retirement and budget he only made two trilogies. Now with Disney buying LucasFilm, they plan on release a new Star Wars movie every two to three years.
George Lucas said in a statement, “For the past 35 years, one of my greatest pleasures has been to see Star Wars passed from one generation to the next. 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.” He added, “I’m doing this so that the films will have a longer life. I get to be a fan now; I sort of look forward to it. It’s a lot more fun actually, than actually having to go out into the mud and snow.”
“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,” Lucas continued. “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.”
To this date, Star Wars movies have grossed around $4 billion, and even years after the last film was released, the franchise continues to make money from merchandise.
Disney’s chief financial officer, Jay Rasulo said, “This year alone, “Star Wars” is on track to generate $215 million in licensing revenue. Adjusting for inflation, the latest three releases in theaters would have generated $1.5 billion each at the box office today.”
Disney plans to make movies, games and TV shows and expand on “Star Wars” theme park attractions that are already in parks around the world; Anaheim, California, Orlando, Florida, Paris and Tokyo.
Disney bought LucasFilms half in cash and issuing approximately 40 million shares at closing October 26, 2012.
Lucasfilm, headquartered in San Francisco, operates under the names Lucasfilm Ltd., LucasArts, Industrial Light & Magic, and Skywalker Sound, and at the present time, the intent is for Lucasfilm employees to remain in their current locations.
Disney Buys LucasFilm
George Lucas and Kathleen Kennedy discuss the future of Star Wars movies.