Continuing its strategy of delivering exceptional creative content to audiences around the world, The Walt Disney Company has agreed to acquire Lucasfilm Ltd. in a stock and cash transaction. Lucasfilm is 100% owned by Lucasfilm Chairman and Founder, George Lucas.
Under the terms of the agreement and based on the closing price of Disney stock on October 26, 2012, the transaction value is $4.05 billion, with Disney paying approximately half of the consideration in cash and issuing approximately 40 million shares at closing. The final consideration will be subject to customary post-closing balance sheet adjustments.
“Lucasfilm reflects the extraordinary passion, vision, and storytelling of its founder, George Lucas,” said Robert A. Iger, Chairman and Chief Executive Officer of The Walt Disney Company. “This transaction combines a world-class portfolio of content including Star Wars, one of the greatest family entertainment franchises of all time, with Disney’s unique and unparalleled creativity across multiple platforms, businesses, and markets to generate sustained growth and drive significant long-term value.”
“For the past 35 years, one of my greatest pleasures has been to see Star Wars passed from one generation to the next,” said George Lucas, Chairman and Chief Executive Officer of Lucasfilm. “It’s now time for me to pass Star Wars on to a new generation of filmmakers. I’ve always believed that Star Wars could live beyond me, and I thought it was important to set up the transition during my lifetime. I’m confident that with Lucasfilm under the leadership of Kathleen Kennedy, and having a new home within the Disney organization, Star Wars will certainly live on and flourish for many generations to come. Disney’s reach and experience give Lucasfilm the opportunity to blaze new trails in film, television, interactive media, theme parks, live entertainment, and consumer products.”
Under the deal, Disney will acquire ownership of Lucasfilm, a leader in entertainment, innovation and technology, including its massively popular and “evergreen” Star Wars franchise and its operating businesses in live action film production, consumer products, animation, visual effects, and audio post production. Disney will also acquire the substantial portfolio of cutting-edge entertainment technologies that have kept audiences enthralled for many years. Lucasfilm, headquartered in San Francisco, operates under the names Lucasfilm Ltd., LucasArts, Industrial Light & Magic, and Skywalker Sound, and the present intent is for Lucasfilm employees to remain in their current locations.
Kathleen Kennedy, current Co-Chairman of Lucasfilm, will become President of Lucasfilm, reporting to Walt Disney Studios Chairman Alan Horn. Additionally she will serve as the brand manager for Star Wars, working directly with Disney’s global lines of business to build, further integrate, and maximize the value of this global franchise. Ms. Kennedy will serve as executive producer on new Star Wars feature films, with George Lucas serving as creative consultant. Star Wars Episode 7 is targeted for release in 2015, with more feature films expected to continue the Star Wars saga and grow the franchise well into the future.
The acquisition combines two highly compatible family entertainment brands, and strengthens the long-standing beneficial relationship between them that already includes successful integration of Star Wars content into Disney theme parks in Anaheim, Orlando, Paris and Tokyo.
Driven by a tremendously talented creative team, Lucasfilm’s legendary Star Wars franchise has flourished for more than 35 years, and offers a virtually limitless universe of characters and stories to drive continued feature film releases and franchise growth over the long term. Star Wars resonates with consumers around the world and creates extensive opportunities for Disney to deliver the content across its diverse portfolio of businesses including movies, television, consumer products, games and theme parks. Star Wars feature films have earned a total of $4.4 billion in global box to date, and continued global demand has made Star Wars one of the world’s top product brands, and Lucasfilm a leading product licensor in the United States in 2011. The franchise provides a sustainable source of high quality, branded content with global appeal and is well suited for new business models including digital platforms, putting the acquisition in strong alignment with Disney’s strategic priorities for continued long-term growth.
The Lucasfilm acquisition follows Disney’s very successful acquisitions of Pixar and Marvel, which demonstrated the company’s unique ability to fully develop and expand the financial potential of high quality creative content with compelling characters and storytelling through the application of innovative technology and multiplatform distribution on a truly global basis to create maximum value. Adding Lucasfilm to Disney’s portfolio of world class brands significantly enhances the company’s ability to serve consumers with a broad variety of the world’s highest-quality content and to create additional long-term value for our shareholders.
The Boards of Directors of Disney and Lucasfilm have approved the transaction, which is subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act, certain non-United States merger control regulations, and other customary closing conditions. The agreement has been approved by the sole shareholder of Lucasfilm.
From the sleek curves to the subtle design of this dress, the Star Trek XI Blue Dress embodies the woman. This alluring micro-dress features a charcoal yolk, supple fabric, and a slenderizing cut that will highlight the contours of your figure. Using meticulous research from multiple screen-used pieces from the Star Trek film, this dress was produced with the same dyeing/printing from the original manufacturers. All eyes will be on you when you wear this unparalleled replica uniform! Please note that the badge is not included with the dress.
via Entertainment Earth.
STAR TREK VI: THE UNDISCOVERED COUNTRY
Music Composed and Conducted by CLIFF EIDELMAN
INTRADA Special Collection MAF 7117
From its opening bars, Cliff Eidelman’s music for Star Trek VI: The Undiscovered Country exhibits marked differences from previous Star Trek scores, known for their emphasis on the romantic voyage of the Enterprise and the heroism of its crew. The focus in this score is on darker music used more sparingly for the films’ antagonists. The Klingon music not only pervades the score—in a sense, it is the score—but characterizes the alien race quite differently than in previous films. In the opening cue—deliberately titled “Overture” as opposed to ” Main Title” — the composer intended the rising-and-falling figure for cellos and double basses that opens the film—inspired by The Firebird—as the theme for another “bird,” the Klingon bird-of-prey. “That was there to help us feel the effects of something we can’t see, and in this film it really had to do with the Klingon ship that was cloaked,” Eidelman recalls. “It had to do with the fact that it’s mysterious, it’s dangerous and we can’t see it, and that theme kind of represented that.” Later, Eidelman employs a sepulchral men’s chorus, a color absent from any previous Star Trek music. Ultimately, Eidelman establishes a mood in which chaos and havoc appear poised to triumph while heroism and valor struggle to be heard over the forces of darkness.
This original version was rewritten into an unfunny comedy by the line producer Gene Coon apparently unaware that Uncle Miltie was also a serious dramatic actor and a good one. It t was so bad that I complained to Roddenberry.
“This is so lousy, Gene, that you should kill it!” I told him. “You can’t, you shouldn’t, shoot this thing! Read it and weep!”
Gene did, and he agreed with me. I killed my second Star Trek, which, down through the years has cost me tens of thousands of dollars in lost residuals.
Rumor has it that the Phase II guys have gotten their hands on the script and are planning on filming it.
Bleeding Cool has squirrelled out news of an upcoming crossover that might send certain minds reeling. That in May, IDW are to publish a Doctor Who/Star Trek: The Next Generation crossover series. Featuring The Doctor, Rory, Amy, Captain Picard, Worf, Data, Geordie LaForge, Deanna Troy, Will Riker and the rest. And that this art, featuring the Doctor, Rory and Amy on the bridge of the Enterprise is a cover that will be used in the series.
What? Dr Who and Star Trek? What the hell is a bush leaguer like dr who doing with a Grade A series like Star Trek?
via Bleeding Cool.
The Concert was in Landau, Germany. The Band is the Symphonic Wind Band of Landau (Community Band).
The crafting site Etsy often has interesting home-made Star Trek items, but this one is especially impressive. Barry Shields from Tennessee is offering a coffee table shaped like the USS Enterprise C (from Star Trek: TNG’s “Yesterday’s Enterprise), carved from ash, poplar and cherry wood.
No idea why he chose to do the Enterprise-C, she was only seen in a couple episodes of TNG, and was ultimately destroyed by the Romulans…