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

Ashim Ahluwalia debunks 12 rules of filmmaking
The maverick director of John and Jane and Miss Lovely shared his insight on ...
DearCinema brings out funding and markets guide for indie filmmakers
DearCinema has brought out a handbook for Indian independent filmmakers who are looking ...
Aditya Vikram Sengupta wins Best Debut Director award at Venice Days
Aditya Vikram SenGupta was named the Best director of a debut film for Bengali film ...
Chaitanya Tamhane talks about”Court” that won two awards in Venice
Mumbai-based filmmaker Chaitanya Tamhane’s debut feature film Court recently had a ...

Join the discussion

Comments are closed.