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Disney Buys Lucas Films And Plans New Star Wars Movies

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Posted

Disney has agreed a deal to buy Lucasfilm from its founder George Lucas - and says it will make a new series of Star Wars movies.

The US entertainment giant, which already owns brands such as Pixar, Marvel, ESPN and ABC, announced it is paying $4.05bn (£2.52bn) for the production company.

It also confirmed it is making Star Wars Episode 7, which is scheduled to be released in 2015.

Disney said the project would be the first in a new series of three Star Wars films with Disney Chief Executive Bob Iger revealing the plan is to release a new movie every two to three years.

The deal also includes the rights to the Indiana Jones franchise, although Disney did not reveal if it planned to revive the films featuring the action hero, played by Harrison Ford.

Kathleen Kennedy, the current co-chairman of Lucasfilm, will become its president and report to Walt Disney Studios Chairman Alan Horn.

Lucas, who created the Star Wars fictional universe and with it one of the most lucrative box office draws of all time, will be creative consultant on the new films.

"It's now time for me to pass Star Wars on to a new generation of filmmakers," he said after the deal was announced.

Lucas will become the second-largest individual holder of Disney shares, with a 2.2% stake.

Disney will pay about half the purchase price in cash and issue about 40 million shares to complete the deal.

Chief Financial Officer Jay Rasulo, in prepared remarks, said the deal would lower Disney's earnings per share by a low single-digits percentage in 2013 and 2014.

He also said Disney would repurchase all of the issued shares on the open market within the next two years, on top of planned buybacks.

The deal marks the third time in less than seven years that Disney has signed a massive deal to take over beloved studios or characters, part of its strategy to acquire brands that can be stretched across TV, movies, theme parks and the Internet.

In early 2006, Disney struck a deal to acquire "Toy Story" creator Pixar, and in the summer of 2009 it bought the comic book powerhouse Marvel Entertainment.

Posted

Disney has bought out Lucasfilm's rights to Star Wars and reckon it'll be out for 2015!

I for one (if true) am very excited!

Posted

Could be amazing, could be shit.

No middle ground with this, massive gamble from Disney.

Exactly. Unless the films are brilliant they will be classed as shit by most people.

Posted

Could be amazing, could be shit.

No middle ground with this, massive gamble from Disney.

A little, but not that much of a gamble. They're pretty much guaranteed to draw big numbers to see the first film that they make.

The second and third are different matter, but either way, they will make money on the first one.

Posted

A little, but not that much of a gamble. They're pretty much guaranteed to draw big numbers to see the first film that they make.

The second and third are different matter, but either way, they will make money on the first one.

Yeah, i'm not talking about money but reputation.

Star Wars have acquired a huge number of die-hard fans who will not be happy if the films are not up to scratch.

Posted

Exactly. Unless the films are brilliant they will be classed as shit by most people.

But the prequels have lowered expectations sufficiently, as will this Disney buy out, that they actually stand a chance of being well received even if they are not master-pieces, Lucas hammered home that they are nothing more than kids films with the Phantom Menace (as a stand alone film it is very watchable, but as the start of the greatest saga ever, it is a massive let down) 2 and 3 went someway to restoring the credibility of the series, but there was still too much clunky dialogue and just frankly ridiculous plots (such as the whole love story bollocks) and inconsistencies such as R2 being able to fly, and this mitochondrian bollocks.

Do Disney now own the whole franchise? Or just the rights to the new ones, if so, and if they wanted to get the fans on side they would re-make 1,2 and 3 and deliver the films we actually wanted to see, not change the story, but just get rid of the awful dialogue, play down the love scene shit, less of Binks in PM and more of him in the later films where he is duped by Palpatine to vote in the senate on Amidala's behalf and give full control to him.

Yes I am a massive geek when it comes to Star Wars, and I can see prequels as being good films just very poorly made, there are some great twists in there, but they are very much underplayed where as the crap stuff is so over done.

Posted

Would like it if they could find a way of bringing Darth Maul back.

Posted

but there was still too much clunky dialogue and just frankly ridiculous plots (such as the whole love story bollocks) and inconsistencies such as R2 being able to fly, and this mitochondrian bollock

Mitochondria lol Yes, Jedi's have a super-natural amount of ATP! Not sure if that was intentional or not, but it made me laugh anyway....

Posted

I love the prequels purely for the fact that it shows how brilliant Emperor Palpatine is... his story arc is brilliant.

Posted

Mitochondria lol Yes, Jedi's have a super-natural amount of ATP! Not sure if that was intentional or not, but it made me laugh anyway....

Whatever they were call, they should never have invented a word for it, like it was something that could be measured, I think they were trying to distance themselves from the religious aspects of the force and make it more sciencey.

Still something that should have and could have been avoided by simply having Qui Gon Jinn saying the force is very strong with this one.

Posted

Whatever they were call, they should never have invented a word for it, like it was something that could be measured, I think they were trying to distance themselves from the religious aspects of the force and make it more sciencey.

Still something that should have and could have been avoided by simply having Qui Gon Jinn saying the force is very strong with this one.

Yeah, you're right to be fair, it was pretty lame.

Posted

The original three were so excellent because the input of so many people was apparent, input that Lucas shat all over by constantly editing and needlessly changing the series. The prequels felt like him solely attempting to inflate his ego with each ear-piercing line from Jar Jar Binks or paedophile like stare from Hayden Christensen. I've a terrible feeling this trio of films will be like a car crash I can't help but watch for all the wrong reasons.

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