According to Forbes , Walt Disney has announced a deal to buy Lucasfilm from Star Wars director a...
According to Forbes, Walt Disney has announced a deal to buy Lucasfilm from Star Wars director and film pioneer George Lucas for $4.05 billion in cash and stock today.
Under terms of the deal, Lucas will be paid half in cash and half in the form of about 40 million Disney shares.
The deal includes not only Star Wars but also other businesses operated by Lucasfilm, including LucasArts, Industrial Light & Magic and Skywalker Sound. Disney said the current plan is for Lucasfilm employees to remain in their current locations.
Kathleen Kennedy, now co-chairman of Lucasfilm, becomes president of the company, reporting to Disney Chairman Alan Horn. She’s also acting as brand manager for Star Wars. The announcement said Kennedy will serve as executive producer on new films in the franchise, with Lucas as creative consultant. The announcement notes that Star Wars Episode 7 is scheduled for release in 2015, with more films expected to follow
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