LucasArts Gets Bought by Disney for $4.05 billion, Star Wars VII Coming in 2015
Written Wednesday, October 31, 2012 By Richard WalkerView author's profile
Just when you thought the Star War saga was all over, Disney has gone and acquired LucasFilm, and by extension LucasArts, Industrial Light & Magic and Skywalker Sound, for a cool $4.05 billion (£2.52 billion). What does that mean? Well for one it means that Star Wars VII will be coming in 2015, “with more feature films expected to continue the Star Wars saga and grow the franchise well into the future”.
Half of the $4.05 billion was paid in cash, with the rest made up of an issue of about 40 million shares. Disney now owns the Star Wars IP, LucasFilm's operating live film businesses, animation, FX studios and audio post production facilities. No doubt with Disney now in possession of the Star Wars IP and LucasArts, it'll have a major effect on the games that come from the studio.
“For the past 35 years, one of my greatest pleasures has been to see Star Wars passed from one generation to the next,” said Star Wars creator George Lucas. “It’s now time for me to pass Star Wars on to a new generation of filmmakers. I’ve always believed that Star Wars could live beyond me, and I thought it was important to set up the transition during my lifetime.
The filmmaker went on, "I’m confident that with LucasFilm under the leadership of Kathleen Kennedy, and having a new home within the Disney organisation, Star Wars will certainly live on and flourish for many generations to come. Disney’s reach and experience give LucasFilm the opportunity to blaze new trails in film, television, interactive media, theme parks, live entertainment, and consumer products.”
What impact will this move have on Star Wars 1313, we wonder?