5o4f27
If you’ve been waiting for some new Star Wars franchise.
According to the press release:
Continuing its strategy of delivering exceptional creative content to audiences around the world, The Walt Disney Company (DIS) has agreed to acquire Lucasfilm Ltd. in a stock and cash transaction. Lucasfilm is 100% owned by Lucasfilm Chairman and Founder, George Lucas.
Under the of the agreement and based on the closing price of Disney stock on October 26, 2012, the transaction value is $4.05 billion, with Disney paying approximately half of the consideration in cash and issuing approximately 40 million shares at closing. The final consideration will be subject to customary post-closing balance sheet adjustments.
This is not the first film company that Disney has bought out; they previously acquired Pixar and Marvel Studios. So while it may not be so surprising to think that Walt Disney Studios Chairman Alan Horn.
The company has also confirmed that a “Star Wars: Episode 7” is targeted for 2015, with “more feature films expected to continue the ‘Star Wars’ saga and grow the franchise well into the future.” Lucas will act as creative consultant while Kennedy will be executive producer.
Lucas has stated that he wants very much for the company and the Lucasfilm the opportunity to blaze new trails in film, television, interactive media, theme parks, live entertainment, and consumer products.””
An investor conference call will take place at approximately 4:30 p.m. EDT / 1:30 p.m. PDT today, October 30, 2012. Details for the call are listed in the release.
