Disney has already proven that they can successfully buy a big franchise and make it even more successful. Just look at the Marvel and the current successes at the box office. Disney has done it again by buying the Lucasfilm and will be looking at expanding not only the Disney family, but also expanding the Star Wars universe. The deal is worth $4 billion and is the biggest buy out deal Disney ever made and the fourth biggest buy out deal up to date. Disney will pony up half of the total in cash and will issue another part in 40 million shares.
This opens the doors to many new Star Wars films and Disney CEO Robert Iger already mention that we can expect a new Star Wars film every 2 or 3 years. George Lucas, the creator of the Star Wars universe, is ready to pass on his legacy.
“For the past 35 years, one of my greatest pleasures has been to see Star Wars passed from one generation to the next, It’s now time for me to pass Star Wars on to a new generation of filmmakers”
With this deal Disney will acquire full ownership of Star Wars franchise as well as the cutting edge technology from Industrial Light & Magic, Skywalker Sound and more. Current Lucasfilm Co-Chairman, Kathleen Kennedy, will become the president of the Lucasfilm department.
Star Wars Episode 7 will be the first movie that will come from this deal. While Disney has full control of the new Star Wars movie, George Lucas will still play a part of the process as a creative consultant. Star Wars Episode 7 is set for a 2015 release.
The possibilities with this new deal are endless. One can only hope that Star Wars will find an even more prominent place in the parks. There have been rumors of expansions at the Disney Hollywood Studios for a while. (example a Cantina) This deal could be that little extra push to see this happening even sooner then the fans had hoped for. This is just the beginning of a big story, one that we will follow closely for sure.