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Disney buys Lucas Film; Star Wars 7 slated for 2015
I didn’t see this one coming.
The Walt Disney Company (NYSE: DIS) announced today that it has agreed to acquire Lucasfilm Ltd. in a stock and cash transaction valued at $4.05 billion. Lucasfilm is 100 percent owned by Lucasfilm chairman and founder, George Lucas.
Under the agreement and based on the closing price of Disney stock on Oct. 26, 2012, the transaction value is $4.05 billion, with Disney paying half of the consideration in cash and issuing 40 million shares at closing.
Also reported this snippet:
‘Star Wars Episode 7’ is targeted for release in 2015, with more feature films expected to continue the Star Wars saga and grow the franchise well into the future,
I’d argue that nothing is sacred, but Lucas demonstrated that with the prequels.