Disney buys Star Wars / Lucas FilmsBy Himank Sharma and Lisa Richwine

(Reuters) - Walt Disney Co (DIS) has agreed to buy filmmaker George Lucas's Lucasfilm Ltd and the "Star Wars" franchise for $4.05 billion in cash and stock, a blockbuster deal that adds one of the most beloved franchises in entertainment history to Disney's lineup.

Disney said there would be a new series of "Star Wars" feature films as part of the deal, with the first movie expected in 2015. Disney Chief Executive Bob Iger, in prepared remarks for analysts, said the plan was to release a new movie in the series every two to three years thereafter.

Lucas, a Hollywood icon known for exercising control over the most minute details of the fictional universe he created, will remain as a creative consultant.

"It`s now time for me to pass 'Star Wars' on to a new generation of filmmakers," he said in a statement. Besides "Star Wars," the deal also includes rights to the "Indiana Jones" franchise, though Disney did not elaborate on any plans for that series.

Disney will pay about half the purchase price in cash and issue about 40 million shares at closing. 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 fiscal 2013 and 2014.

(Reporting by Himank Sharma in Bangalore and Lisa Richwine in Los Angeles; Writing by Ben Berkowitz; Editing by Saumyadeb Chakrabarty and Ciro Scotti)


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willysjr2

I think it was a good idea for Lucas to sell.... He has also said, that he has been a big fan of Disney since he was a little kid.... I also think that for Disney it was a good business move, and 2015 for Chapter 7, then 7 & 9 to come out, oh yea...... Then to have Lucas in control of it, very good idea..... So, i feel it was a very good idea, for both partys.....

October 31 2012 at 2:10 PM Report abuse rate up rate down Reply
beverlyamy1

oh nooooooo.

October 31 2012 at 1:13 PM Report abuse rate up rate down Reply
dvdfrnzwbr

Quite odd that Lucas is selling his brainchild. I bet he has an illness and is dying.

October 31 2012 at 11:02 AM Report abuse rate up rate down Reply
John Myer

Lucas is sole owner, so the proceeds go to his pocket. Any bets that he ends up paying less in taxes than Romney? 14% is $567 million. Not a bad days work IRS!

October 31 2012 at 10:19 AM Report abuse -1 rate up rate down Reply
yaller986

Lucas is sole owner, so the proceeds go to his pocket. Any bets that he ends up paying less in taxes than Romney? 14% is $567 million. Not a bad days work IRS!

October 31 2012 at 10:18 AM Report abuse rate up rate down Reply
wbieber

When's the last time anyone bought anything at a Disney Store? It's like a grandmother trying to be a teenager again!

October 31 2012 at 12:33 AM Report abuse rate up rate down Reply
Ron

Now I know why it's $100 to park and go to Disneyland! No more!!!!!!!

October 30 2012 at 6:51 PM Report abuse +1 rate up rate down Reply