Steely Dan
Former Member
- Joined
- Dec 22, 2008
- Messages
- 30,558
- Reaction score
- 105
http://money.cnn.com/2012/10/30/technology/disney-buys-lucasfilm/
Disney to buy Lucasfilm for $4 billion
By Stacy Cowley @CNNMoneyTech October 30, 2012: 9:06 PM ET
Lucasfilm founder George Lucas, creator of Star Wars, is selling his company to Disney for $4 bilion.
NEW YORK (CNNMoney) -- The Walt Disney Company agreed Tuesday to buy Lucasfilm in a stock-and-cash deal valued at $4 billion.
The deal will make Lucasfilm owner George Lucas a significant shareholder in Disney, which will pay for the film company with $2 billion cash and around 40 million shares of its stock.
The takeover will give Disney (DIS, Fortune 500) control of Lucasfilm's blockbuster Star Wars franchise, which encompasses both filmed productions and a massive merchandising operation. Disney will also absorb Lucasfilm's special-effects production business, Industrial Light and Magic, and its Skywalker Sound audio production studio....
Some things bother me about this. Lucas' companies have been known to be a lot of fun and well paid jobs. Disney is not known for this. Lucas was able to get the best and brightest in the industry by making it a fun well paid place to work. Disney did buy Pixar and I haven't heard anything really negative about it and they're a similar work environment.
There is going to be a Star Wars seven that Lucas will be consulting on. This is cool because as I understand it Lucas had nine movies in mind when he made episode 4. So there are three more films he's envisioned and it sounds like the seventh one is one of those. With Lucas involved it should be good. The next two, who knows?
Lucas deserves a retirement and 4 Billion is hard to turn down. I'm just curious why he didn't sell to Dreamworks. They must not have been interested is all I can guess.
Disney to buy Lucasfilm for $4 billion
By Stacy Cowley @CNNMoneyTech October 30, 2012: 9:06 PM ET
Lucasfilm founder George Lucas, creator of Star Wars, is selling his company to Disney for $4 bilion.
NEW YORK (CNNMoney) -- The Walt Disney Company agreed Tuesday to buy Lucasfilm in a stock-and-cash deal valued at $4 billion.
The deal will make Lucasfilm owner George Lucas a significant shareholder in Disney, which will pay for the film company with $2 billion cash and around 40 million shares of its stock.
The takeover will give Disney (DIS, Fortune 500) control of Lucasfilm's blockbuster Star Wars franchise, which encompasses both filmed productions and a massive merchandising operation. Disney will also absorb Lucasfilm's special-effects production business, Industrial Light and Magic, and its Skywalker Sound audio production studio....
Some things bother me about this. Lucas' companies have been known to be a lot of fun and well paid jobs. Disney is not known for this. Lucas was able to get the best and brightest in the industry by making it a fun well paid place to work. Disney did buy Pixar and I haven't heard anything really negative about it and they're a similar work environment.
There is going to be a Star Wars seven that Lucas will be consulting on. This is cool because as I understand it Lucas had nine movies in mind when he made episode 4. So there are three more films he's envisioned and it sounds like the seventh one is one of those. With Lucas involved it should be good. The next two, who knows?
Lucas deserves a retirement and 4 Billion is hard to turn down. I'm just curious why he didn't sell to Dreamworks. They must not have been interested is all I can guess.