PRESS RELEASE: It's Official - Disney Now Owns LucasFilm

PRESS RELEASE: It's Official - Disney Now Owns LucasFilm

We've obviously known about this for the past couple of months, but now it's finally official! Hands have been shaken and contracts signed; Disney owns Star Wars. Hit the jump to read the press release in full (including comments from Disney President Bob Iger).

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.

Posted By:
Josh Wilding
Member Since 3/13/2009
Filed Under "Star Wars" 12/21/2012
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DaenerysTargaryen - 12/21/2012, 2:27 PM
Good to know
Now bring me the new director and cast!
Spock - 12/21/2012, 2:27 PM
would love to have just 1% of that!
bazinga85 - 12/21/2012, 2:31 PM
DrDoom - 12/21/2012, 2:42 PM
So we can expect Star Wars characters to be strutting around Disney Parks now, huh?
CoolantTech - 12/21/2012, 2:43 PM
Awesome, now bring on episode VII

Rowsdower - 12/21/2012, 2:49 PM
I guess we'll never see an R-rated Boba Fett movie.
BlueMex - 12/21/2012, 2:49 PM
Awesome News ! the same way Disney is doing a great job with MARVEL , they will do with StarWars!
KnobGoblin - 12/21/2012, 3:52 PM
Now release the original unaltered trilogy on Blu ray please. Han shot first!
NoAssemblyReqd - 12/21/2012, 3:54 PM
@AcidicHeart STAR WARS characters have been walking around the Disney Parks since the mid-80s, when STAR TOURS opened at Disneyland. And then later at Disney-MGM Studios (now Hollywood Studios) at Disney World. Hollywood Studios has held its popular Star Wars Weekends for several years now.

So Star Wars and Disney have pretty much been practicing for this merger for decades.
DukeAcureds - 12/21/2012, 3:56 PM
Owned by a 100ft Marshmallow Man?
Coachella - 12/21/2012, 3:58 PM
That's great news.
DukeAcureds - 12/21/2012, 4:58 PM
The whole fvcking trilogy was about the rebellion against the Empire. Now the Empire has officially struck back. That little fvcking mouse owns the fvcking Star Wars galaxy?!
Huff puff huff...
fungusmonkey - 12/21/2012, 5:23 PM
Congrats to George Lucas on completely gaming the tax system. After he donates "the majority of the proceeds" (meaning the cash only) to his own foundation, he'll walk away without having to pay tax on almost any of that. Then he gets to have half of that sale completely away from capital gains tax, and the rest he pays this year's lower rate on. Kudos to his tax lawyer, that's some sublimely brilliant tax dodging. But hey - at least some of that (whatever his foundation decides to give out after their operating costs and salaries) will go towards education. Seems fair considering all the things he would have helped fund had he actually paid taxes on it...

Grand day for rich people!
fungusmonkey - 12/21/2012, 5:24 PM
Of course, that being said... I'm stoked that maybe we'll get some damn good Star Wars films again!
DukeAcureds - 12/21/2012, 5:48 PM
fungusmonkey@ That's so fvcking true! Ha! Fvck me, Lucas is a crafty little jawa.
Joe6Pack74 - 12/21/2012, 5:51 PM
At least now they can use the Stormtroopers as costumes for there security guards at all the parks.
Starlight - 12/21/2012, 5:56 PM
Does anyone really believe Disney could actually do it WORSE than George???? Come on !!!!
DukeAcureds - 12/21/2012, 6:23 PM
Starlight@ George did A New Hope.
That is all.
JohnTom88 - 12/21/2012, 6:44 PM
Disney should buy WETA too

JLA then would not be a live action movie anymore when Disney would jack up the Effects prices for any competing superhero movies. :)

AstonishingSpiderMan - 12/21/2012, 7:30 PM
im just waiting for Disney to purchase the rest of the entertainment industry
DrainBamage - 12/21/2012, 7:57 PM
Interesting how this happens on the day that the world was supposed to end.
spidey1994 - 12/22/2012, 12:18 AM
We already knew this. Why announce it now?!
CaptainDoctorIamTheLaw - 12/22/2012, 1:06 PM
I was hoping it wouldn't be.

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