Quantcast
Features & Opinion

Disney to buy out LucasFilm

By NewsDesk • Published on October 31, 2012

The Walt Disney Company will soon buy out Lucasfilm Ltd for $ 4.05 billion. Owned by George Lucas, the California based Lucasfilm has earlier produced films like Star Wars, Indiana Jones, American Graffiti, Willow, Tucker and THX 1138.

“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,” reads Disney’s press release announcing the acquisition.

Kathleen Kennedy, current Co-Chairman of Lucasfilm, will become President of Lucasfilm, reporting to Walt Disney Studios Chairman Alan Horn. She will also serve as the executive producer on seventh sequel of the Star Wars saga that is scheduled to release in 2015 under Disney.

The inclusion of Lucasfilm to Disney’s global portfolio follows that of Marvel in 2009, Pixar in 2006 and ABC in 1995 (ABC bought ESPN in 1984). Earlier this year, Disney also bought the Indian company UTV Software and Communications Ltd for $ 454 million.

Tagged with: , , , , , , , , , , , , , ,

Did you like reading this article?

Get DearCinema in your Inbox

Or grab the RSS feed!

Editor's Pick

Call for Entry: 45th International Film Festival of India (IFFI)
The 45th edition of the International Film Festival of India (IFFI), to be held from 20 ...
New grant launched for Indian women documentary filmmakers
The Indian Documentary Foundation announced a new fund for Indian women documentary ...
Nisha Pahuja on why she couldn’t have guessed the response to “The World Before Her”
"The World Before Her" director writes about releasing the film in India and the ...
Why Bengal needs to get over Satyajit Ray
A day will come when the Ray references will be exhausted, and then there will be ...

Join the discussion

Comments are closed.