Yes that is the truth coming out of the Disney World. Disney just made a press release about a transaction that they are in the middle of doing with George Lucas. They want to buy Star Wars for $4 billion, yes $4 billion. I know what you are thinking and that is what I thought when I first heard about it, but no this is not a joke or an april fools (we are still in october last i checked). THIS IS LEGIT and we are waiting for the official done deal to come soon.
read below and let your questions get answered. The cool thing about this is that we will and I say will because I believe that Disney wants more Star Wars movies and so do we!
Continuing its strategy of delivering exceptional creative content to audiences around the world, The Walt Disney Company 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 terms 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.
“Lucasfilm reflects the extraordinary passion, vision, and storytelling of its founder, George Lucas,” said Robert A. Iger, Chairman and Chief Executive Officer of The Walt Disney Company. “This transaction combines a world-class portfolio of content including Star Wars, one of the greatest family entertainment franchises of all time, with Disney’s unique and unparalleled creativity across multiple platforms, businesses, and markets to generate sustained growth and drive significant long-term value.”
“For the past 35 years, one of my greatest pleasures has been to see Star Wars passed from one generation to the next,” said George Lucas, Chairman and Chief Executive Officer of Lucasfilm. “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. I’m confident that with Lucasfilm under the leadership of Kathleen Kennedy, and having a new home within the Disney organization, 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.”
Under the deal, Disney will acquire ownership of Lucasfilm, a leader in entertainment, innovation and technology, including its massively popular and “evergreen” Star Wars franchise and its operating businesses in live action film production, consumer products, animation, visual effects, and audio post production. Disney will also acquire the substantial portfolio of cutting-edge entertainment technologies that have kept audiences enthralled for many years. Lucasfilm, headquartered in San Francisco, operates under the names Lucasfilm Ltd., LucasArts, Industrial Light & Magic, and Skywalker Sound, and the present intent is for Lucasfilm employees to remain in their current locations.
Kathleen Kennedy, current Co-Chairman of Lucasfilm, will become President of Lucasfilm, reporting to Walt Disney Studios Chairman Alan Horn. Additionally she will serve as the brand manager for Star Wars, working directly with Disney’s global lines of business to build, further integrate, and maximize the value of this global franchise. Ms. Kennedy will serve as executive producer on new Star Wars feature films, with George Lucas serving as creative consultant. Star Wars Episode 7 is targeted for release in 2015, with more feature films expected to continue the Star Wars saga and grow the franchise well into the future.
The acquisition combines two highly compatible family entertainment brands, and strengthens the long-standing beneficial relationship between them that already includes successful integration of Star Wars content into Disney theme parks in Anaheim, Orlando, Paris and Tokyo.
Driven by a tremendously talented creative team, Lucasfilm’s legendary Star Wars franchise has flourished for more than 35 years, and offers a virtually limitless universe of characters and stories to drive continued feature film releases and franchise growth over the long term. Star Wars resonates with consumers around the world and creates extensive opportunities for Disney to deliver the content across its diverse portfolio of businesses including movies, television, consumer products, games and theme parks. Star Wars feature films have earned a total of $4.4 billion in global box to date, and continued global demand has made Star Wars one of the world’s top product brands, and Lucasfilm a leading product licensor in the United States in 2011. The franchise provides a sustainable source of high quality, branded content with global appeal and is well suited for new business models including digital platforms, putting the acquisition in strong alignment with Disney’s strategic priorities for continued long-term growth.
The Lucasfilm acquisition follows Disney’s very successful acquisitions of Pixar and Marvel, which demonstrated the company’s unique ability to fully develop and expand the financial potential of high quality creative content with compelling characters and storytelling through the application of innovative technology and multiplatform distribution on a truly global basis to create maximum value. Adding Lucasfilm to Disney’s portfolio of world class brands significantly enhances the company’s ability to serve consumers with a broad variety of the world’s highest-quality content and to create additional long-term value for our shareholders.
The Boards of Directors of Disney and Lucasfilm have approved the transaction, which is subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act, certain non-United States merger control regulations, and other customary closing conditions. The agreement has been approved by the sole shareholder of Lucasfilm.
Note: Additional information and comments from Robert A. Iger, chairman and CEO, The Walt Disney Company, and Jay Rasulo, senior executive vice president and CFO, The Walt Disney Company, regarding Disney’s acquisition of Lucasfilm, are attached.
Well, the time has finally come for our first look at The Lone Ranger feature film. I first heard about this back when Johnny Depp was still making the first couple of Pirate movies. I remember thinking how cool it would be to have a modern version of the old tv series and even hoped that it would improve the first feature film that was made back in the 80′s. Although I did enjoy it (the 80′s version), it didn’t live up to what it could have been.
So now we have the director from Pirates of the Caribbean Gore Verbinski in charge of the new version of The Lone Ranger with a cast that will no doubt hit it out of the park. Take a look at the teaser trailer for the latest Johnny Depp movie with Armie Hammer as masked man.
After you take a look at the trailer, scroll down and take a look at the first official poster for the movie as well.
You have seen the iconic poster for the Les Miserables musical, and now we have our first look at the new poster for the movie musical Les Miserables. I love how they are staying close to the original musical play in every way. I believe this movie will be epic in size, and everyone will have a copy in their movie collection. Look below and tell me what you think.
Here is a synopsis of the movie.
Les Misérables is the motion-picture adaptation of the beloved global stage sensation seen by more than 60 million people in 42 countries and in 21 languages around the globe and still breaking box-office records everywhere in its 27th year. Helmed by The King’s Speech’s Academy Award®-winning director, Tom Hooper, the Working Title/Cameron Mackintosh production stars Hugh Jackman, Oscar®winner Russell Crowe, Anne Hathaway, Amanda Seyfried, Eddie Redmayne, Aaron Tveit, Samantha Barks, with Helena Bonham Carter and Sacha Baron Cohen.
Set against the backdrop of 19th-century France, Les Misérables tells an enthralling story of broken dreams and unrequited love, passion, sacrifice and redemption—a timeless testament to the survival of the human spirit. Jackman plays ex-prisoner Jean Valjean, hunted for decades by the ruthless policeman Javert (Crowe) after he breaks parole. When Valjean agrees to care for factory worker Fantine’s (Hathaway) young daughter, Cosette, their lives change forever.
In December 2012, the world’s longest-running musical brings its power to the big screen in Tom Hooper’s sweeping and spectacular interpretation of Victor Hugo’s epic tale. With international superstars and beloved songs—including “I Dreamed a Dream,” “Bring Him Home,” “One Day More” and “On My Own”—Les Misérables, the show of shows, is now reborn as the cinematic musical experience of a lifetime.
When you watch this, you too will get excited for this Christmas. With the change of Les Miserable to December 25, 2012 for their opening, we will be treated to a present that cannot wait to be opened. Look at the video below and tell me that you are not going to be there Christmas Day! This has not been done before in any movie musical and the power of the emotions are going to be enhanced on the big screen. With an all star cast of Hugh Jackman, Russel Crowe, Ann Hathaway and Amanda Seyfried, this is for sure going to be the movie event to watch.
Ever since I heard this movie was being made I thought “what a great idea”. As I started to see some set images for the movie, I got more excited about it being made. Today we have the first official Teaser Trailer for the movie and I have to say this is definitely going to be the Christmas movie to watch this year for sure. I am not going to hide the fact that I really like Hugh Jackman as an actor and that he moves around to many diverse roles. Many of you may not even know of his Broadway background, which makes this movie even more exciting to see. Yes I have high hopes come this Christmas, but if this teaser trailer is any indication of what we are in for, we are going on a new adventure of Les Miserables that we will not forget for a long time.