movies.broadwayworld.com

Disney Finishes Acquisition of Lucasfilm

Related: Disney, Lucasfilm, Star Wars

Continuing its strategy of delivering exceptional creative content to audiences around the world, Robert A. Iger, President and Chief Executive Officer of The Walt Disney Company (NYSE:DIS) announced today that Disney has completed its acquisition of Lucasfilm Ltd. LLC.

"We're thrilled to welcome Lucasfilm to the Disney family," said Iger. "Star Wars is one of the greatest family entertainment franchises of all time and this transaction combines that world class content with Disney's unique and unparalleled creativity across multiple platforms, businesses, and markets, which we believe will generate growth as well as significant long-term value."

Under the terms of the merger agreement, at closing Disney issued 37,076,679 shares and made a cash payment of $2,208,199,950. Based upon the closing price of Disney shares on December 21, 2012 at $50.00, the transaction has a total value of approximately $4.06 billion.

Lucasfilm's assets include its massively popular Star Wars franchise, operating businesses in live action film production, consumer products, animation, visual effects, and audio post production, as well as a substantial portfolio of cutting-edge entertainment technologies. It operates under the names Lucasfilm Ltd. LLC, LucasArts, Industrial Light & Magic, and Skywalker Sound.

Comment & Share

Related Links
Photo Flash: First Look - Zaldana, Pratt & More at GUARDIANS OF THE GALAXY London PremierePhoto Flash: First Look - Zaldana, Pratt & More at GUARDIANS OF THE GALAXY London Premiere
July 25, 2014
Photo Coverage: Mark Hamill Debuts Luke Skywalker Look from STAR WARS: EPISODE VIIPhoto Coverage: Mark Hamill Debuts Luke Skywalker Look from STAR WARS: EPISODE VII
by BWW Special Coverage - July 24, 2014
Photo Flash: Angelina Jolie, Brad Pitt & More Attend MALEFICENT's World PremierePhoto Flash: Angelina Jolie, Brad Pitt & More Attend MALEFICENT's World Premiere
May 29, 2014
Disney's MALEFICENT Conjures Up More Than 80% of Fandango's Weekend Ticket SalesDisney's MALEFICENT Conjures Up More Than 80% of Fandango's Weekend Ticket Sales
May 29, 2014
Vubiquity Acquires FilmFlexVubiquity Acquires FilmFlex
May 28, 2014


About Author

Subscribe to Author Alerts

Become a Fan, Follower & Subscriber