The Walt Disney Company Completes Lucasfilm Acquisition

Jay Cochran - 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.

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Comments...

Last 10 comments - ( Read All Posts )
yojoebro82 - 2012-12-27 @ 9:04 pm

The next director WON'T be JJ Abrams

(link)

I understand where he's coming from. As a fan I would just want to sit back and watch too.

WHAT?! BUT I WANT MORE LENSE FLARES OFFA MY LIGHTSABER FIGHTS!!

:) I'm down with Abrams, I like his work. Never did mind the lense flairs, it's just his style.

featofstrength - 2012-12-27 @ 4:40 pm

The next director WON'T be JJ Abrams

(link)

I understand where he's coming from. As a fan I would just want to sit back and watch too.

WHAT?! BUT I WANT MORE LENSE FLARES OFFA MY LIGHTSABER FIGHTS!!

yojoebro82 - 2012-12-27 @ 3:33 am

The next director WON'T be JJ Abrams

(link)

I understand where he's coming from. As a fan I would just want to sit back and watch too.

jedimaster-c - 2012-12-24 @ 4:36 pm

Chewie member of the Senate?

Chewie died 25 years after the Battle of Yavin...but its never too late to accept the Holiday Special and have Lumpy take his place!

Lumpy.jpg

I just thought of this yes Disney could potentionally release "The Star Wars Holiday Special" on DVD and Blu-Ray :P

As much as I would like them to eat crow and recognize that it happened, it probably wouldnt be much fun to watch anymore after an official release. Hunting that bootleg VHS down in the mid 80s was an epic nerd rite of passage. I recently transfered my copy to dvd for preservations sake, and I watch it every year...Nov 17th is always Life Day at my house.

Wow thats cool..I don't know if I could sit through the 70's variety show musical numbers they do

Oh my god no.The animated segment introducing Boba Fett was cool though. Other then that.

Bespin refugee - 2012-12-23 @ 10:06 pm
The Walt Disney Company Completes Lucasfilm Acquisition
Lady Jaye - 2012-11-07 @ 3:39 pm

So we have our potential big three coming back, but please not as the action's leads!!! Just as mentor roles!! To see them leap about would be sad!!!

Bespin refugee - 2012-11-06 @ 8:29 pm

'Where is Chewie? is he all right?

It seems in the EU, they killed him.

They couldn't have,...he was alive,...I felt it...Noooooooo!' :P

featofstrength - 2012-11-06 @ 5:47 pm

Wow thats cool..I don't know if I could sit through the 70's variety show musical numbers they do

Bea Arthur's number is the best part to me...Harvey Korman in three terribly unfunny roles on the other hand...ouch.

PS...Chewie is alive in internet trend... (link)

Wheeljack35 - 2012-11-06 @ 5:06 pm

Chewie member of the Senate?

Chewie died 25 years after the Battle of Yavin...but its never too late to accept the Holiday Special and have Lumpy take his place!

Lumpy.jpg

I just thought of this yes Disney could potentionally release "The Star Wars Holiday Special" on DVD and Blu-Ray :P

As much as I would like them to eat crow and recognize that it happened, it probably wouldnt be much fun to watch anymore after an official release. Hunting that bootleg VHS down in the mid 80s was an epic nerd rite of passage. I recently transfered my copy to dvd for preservations sake, and I watch it every year...Nov 17th is always Life Day at my house.

Wow thats cool..I don't know if I could sit through the 70's variety show musical numbers they do

featofstrength - 2012-11-06 @ 2:46 pm

Chewie member of the Senate?

Chewie died 25 years after the Battle of Yavin...but its never too late to accept the Holiday Special and have Lumpy take his place!

Lumpy.jpg

I just thought of this yes Disney could potentionally release "The Star Wars Holiday Special" on DVD and Blu-Ray :P

As much as I would like them to eat crow and recognize that it happened, it probably wouldnt be much fun to watch anymore after an official release. Hunting that bootleg VHS down in the mid 80s was an epic nerd rite of passage. I recently transfered my copy to dvd for preservations sake, and I watch it every year...Nov 17th is always Life Day at my house.

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