Tuesday, 25 December 2012

Disney/Lucasfilm Acquisition complete!

No doubt you would have heard at some point over the last few months, that Disney was going to buy and take over Lucasfilm, the company most famous for the Star Wars franchise. As of December 21st Disney now owns Lucasfilm and it's assets, announced by the President and Chief Executive Officer Robert A. Iger.



"We're thrilled to welcome Lucasfilm to the Disney family," Iger said. "Star Wars' is one of the greatest family entertainment franchises of all time and this transaction combines that world class content with Disney's unique and unparalleled creativity across multiple platforms, businesses, and markets, which we believe will generate growth as well as significant long-term value."

Along with 37,076.679 shares, a payment of $2,208,199,950 (US) was made to Lucasfilm, the final total coming close to about $4.06 (US) Billion. The assets acquired include operating businesses in live action film production, consumer products, animation, visual effects and audio post production. It covers the names Lucasfilm LTD, LucasArts and Skywalker Sound.

No small sum of money, but that's no small gain for Disney by any stretch of the imagination. Disney are planning on releasing a new Star Wars trilogy, being penned in part by some of the writers from the original movies. Although information has surfaced online as to what these plots could entail, they have been confirmed to be false leaks.

Check back with the Done Did It blog throughout the year for anymore updates for these highly anticipated films!

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