Posted by: Chris | October 30, 2012

Disney Acquires Lucasfilms

George Lucas decides Star Wars is too big for him to ruin by himself:

The Walt Disney Company, in a move that gives it a commanding position in the realm of fantasy movies, said Tuesday it had agreed to acquire Lucasfilm Ltd. from its founder, George Lucas, for $4.05 billion in stock and cash.

The sale provides a corporate home for a private company that grew from Mr. Lucas’s hugely successful “Star Wars” series, and became an enduring force in creating effects-driven science fiction entertainment for large and small screens. Mr. Lucas, who is 68 years old, had already announced he would step down from day-to-day operation of the company.

In a hastily convened conference call with investors Tuesday afternoon, Robert A. Iger, Disney’s chief executive, said the company plans to release a seventh “Star Wars” feature film in 2015, with new films in the series coming every two or three years after that. Mr. Lucas will be a consultant on the film projects, Mr. Iger said.

Silver lining: it could be a Thrawn movie

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