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Char Ell 12-22-2012 11:36 AM

THE WALT DISNEY COMPANY COMPLETES LUCASFILM ACQUISITION
 
THE WALT DISNEY COMPANY COMPLETES LUCASFILM ACQUISITION

Quote:

Deal expected to strengthen Disney’s position as a leading global provider of high-quality branded entertainment and build long-term shareholder value

BURBANK, Calif., December 21, 2012
– 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.

Forward-Looking Statements:

Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements relate to the expected benefits of the integration of Disney and Lucasfilm; the combined company's plans, objectives, expectations and intentions and other matters that are not historical fact. These statements are made on the basis of the current beliefs, expectations and assumptions of the management of Disney regarding future events and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. Disney does not undertake any obligation to update or revise these statements, whether as a result of new information, future events or otherwise.

Actual results may differ materially from those expressed or implied. Such differences may result from a variety of factors, including but not limited to developments beyond the Disney’s control, including but not limited to: changes in domestic or global economic conditions, competitive conditions and consumer preferences; adverse weather conditions or natural disasters; health concerns; international, political or military developments; and technological developments. Additional factors that may cause results to differ materially from those described in the forward-looking statements are set forth in the Annual Report on Form 10-K of Disney for the year ended September 29, 2012, under the heading "Item 1A—Risk Factors," and in subsequent reports on Form 8-K and other filings made with the SEC by Disney.


Contacts:

Zenia Mucha
818-560-5300
While not a press release from LucasArts I thought this worth posting as LucasArts is now owned by Disney instead of George Lucas. At this point it's anyone's guess as to what will happen with LucasArts, LucasArts's existing games, contracts, website, Star Wars fan forums like this one and games in development. But considering how poorly LucasArts has performed over the last few years or so I'm hopeful that things won't get any worse.

urluckyday 03-11-2013 07:12 PM

Thought that you might find this equally relevant...

http://starwars.com/news/a-new-direc...animation.html

Though not necessarily surprised, I am so happy that they decided to finish out the Clone Wars as planned, and I can't wait for the next chapter of stories. Things have gotten REALLY good over the past couple of seasons, and it'll be awesome to see how they tie things in to Episode 3.

There is a bright future for Star Wars. The fact that it continues to persist is reason enough to believe that...

Alexrd 03-11-2013 08:19 PM

Quote:

Originally Posted by urluckyday (Post 2829349)
Though not necessarily surprised, I am so happy that they decided to finish out the Clone Wars as planned,

The problem is, they didn't. Nobody of those working on the series planned that it was going to be cancelled. It's good that they will be releasing the episodes already in production, but what if those episodes don't cover all the loose ends? Because there are quite a lot of them: Talzin, Maul, Mandalore, Rex, etc...

View page
YouTube Video

urluckyday 03-11-2013 11:34 PM

I'm almost 100% sure that season 6 was going to be the last of the Clone Wars series anyway with maybe a special at the end to tie it all in or something. There really is only so much they can fit in before it becomes implausible that it would fit between ep. 2 and 3.

Alexrd 03-12-2013 06:41 AM

Quote:

Originally Posted by urluckyday (Post 2829367)
I'm almost 100% sure that season 6 was going to be the last of the Clone Wars series anyway with maybe a special at the end to tie it all in or something.

I agree. But according to their past reports, they were still a long way to finish that season 6. They refer to the episodes left as "bonus content", so I doubt we'll get more 20 episodes.

Maphisto86 04-03-2013 07:51 PM

Quote:

Originally Posted by Alexrd (Post 2829381)
I agree. But according to their past reports, they were still a long way to finish that season 6. They refer to the episodes left as "bonus content", so I doubt we'll get more 20 episodes.

I and several other fans of the show have sent letters to both Disney and Lucasfilm showing our disapproval of the series cancellation. There are still several groups on the web dedicated to this but I am skeptical it will really change anything. Personally I think the series deserves one last full season of episodes to wrap it up and act as something of a bridge between now and the release of "Episode VII". If that can become reality some episodes can be kept back from airing to make room for story arcs that conclude the arc's already set in motion in previous seasons and then released as "lost episodes" when released to DVD / Blueray. ;)

As for the changes and layoffs at Lucasarts I am in two minds about it. First I am sad to see such talented people at the studio being laid off. It is always terrible news and seems to be the lot of many gaming studios. Even the moderately successful ones. Probably due to the ridiculous amount of money it takes these days to make a high end title due to the power of the platforms currently (or going to be) on the market.

Nonetheless Lucasarts have not made entirely wise business decisions over the last decade. I actually thought they should go the licensing and "producer" route well before George Lucas sold it's assets to Disney. That said I am sad at how many projects are going to the wayside as we cannot be certain as consumers whether the sequel trilogy of Star Wars films or Disney's plans for the franchises they now own are worth the loss of so much talent and promising projects (The Clone Wars, 1313, etc).

HED 12-06-2013 08:00 PM

Sounds like Disney has finished up buying Indiana Jones as well.

GrandMasterMarek 10-24-2014 03:45 PM

Quote:

Originally Posted by HED (Post 2840989)

Yep it seems so.


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