Lucasfilm Purchased by Disney for $4 Billion

Disney acquires Lucasfilm from founder, George Lucas. Blair Stover has the details below.

Walt Disney Company became the leader in fantasy movies when it purchased Lucasfilm from its founder, George Lucas for $4.05 billion in stock and cash.

George Lucas, 68, has already announced that he would step down from day-to-day operations for the company but nobody saw this coming. Lucasfilm grew due to the huge success of the “Star Wars” film series and has become an example of great effects-driven science fiction entertainment for large and small screens.

Robert Iger, Disney’s chief executive, says that Disney plans on reviving the “Star Wars” series with the release of a seventh film in 2015. After that, there will be new films in the series every two or three years. Disney acquired a detailed treatment from Lucas for the next three “Star Wars” films and Lucas will still be hands on with future films.

Disney purchased Lucasfilm and the rights to the “Star Wars” movies based off of the potential revenue of future films. “Star Wars” already has a place in the Disney theme parks.

Disney has already purchased Marvel Entertainment in 2009 for $4 billion and Pixar Animation Studies for $7.4 billion in 2006. With the addition of Lucasfilm, Disney has solidified its status as leader in animation and superhero films.

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