Disney Acquires Lucasfilm for $4.05 Billion
Lucasfilm has a new father in the form of The Walt Disney Company today. The deal was a stock and cash transaction worth approximately $4.05 billion, granting ownership of Lucasfilm and all its properties and studios, such as LucasArts, Industrial Light & Magic and Skywalker Sound, to Disney.
The deal shouldn’t come as much of a surprise, as George Lucas noted how he felt it was “important to set up the transition” of Star Wars to new owners. “For the past 35 years, one of my greatest pleasures has been to see Star Wars passed from one generation to the next,” said Lucas.
Present intent is for Lucasfilm employees to remain in their current locations,” said a spokesperson for Disney.
It’s now time for me to pass Star Wars on to a new generation of filmmakers,” said Lucas. “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. 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.
Welcome to the dark side, or a bright new future for Lucasfilm?