Well, the Mouse officially has a new addition to the family...
The Walt Disney Company completed the purchase of Lucasfilm today. With the closing of the bell on Wall Street, George Lucas' famous company now becomes another sibling in the colossus that is Disney. Here is the official press release:
BURBANK, Calif., December 21, 2012 – Continuing its strategy of delivering exceptional creative content to audiences around the world, Robert A. Iger, President and Chief Executive Officer of The Walt Disney Company (NYSE:DIS) announced today that Disney has completed its acquisition of Lucasfilm Ltd. LLC.
“We’re thrilled to welcome Lucasfilm to the Disney family,” said Iger. “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.”
Under the terms of the merger agreement, at closing Disney issued 37,076,679 shares and made a cash payment of $2,208,199,950. Based upon the closing price of Disney shares on December 21, 2012 at $50.00, the transaction has a total value of approximately $4.06 billion.
Lucasfilm’s assets include its massively popular Star Wars franchise, operating businesses in live action film production, consumer products, animation, visual effects, and audio post production, as well as a substantial portfolio of cutting-edge entertainment technologies. It operates under the names Lucasfilm Ltd. LLC, LucasArts, Industrial Light & Magic, and Skywalker Sound.
Strange that they don't mention "Indiana Jones" in that. I know that "Star Wars" is the primary motivation for the purchase, but the famed archaeological professor ain't no wall flower. He can hold his own. Not to mention all the other properties Disney has access to (American Graffiti, etc.).
But what fans have wanted for years has come to pass. George no longer has control over his creation. Now, the future of Star Wars is in the hands of someone else, for another generation.
And the ones after that...