They mention twerking, but there’s actually no twerking going on here. sad.
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.
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 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…
what do you think it’ll cost? $100 a season?
I wish I knew what this was about, the plot seems AMAZING.
In the Star Trek universe created by Gene Roddenberry, there are a myriad of iconic images many people remember: Green Orion slave girls, the Borg, phasers, heroes, villains, and that big-headed alien that Clint Howard pretends to be that shows up at the end of the credits of the original series, and more. But take anyone off the street, and odds are they can identify at least one incarnation of the USS Enterprise. Starships have long been one of the easily recognizable parts of Star Trek lore; while Roddenbery’s vision of the future was for the most part peaceful, with brains far exceeding brawn, not all conflict could be resolved by hugging it out.
lots of videos, and I whole heartedly disagree with #1 (and it seems like the guy at TR has no idea WHY it’s so damn powerful), but this list actually reminded me that I missed a couple dozen ENTERPRISE episodes, one of which apparently took place in the Mirror Mirror verse, which reminds me, all the trek episodes are on Netflix… though none of the movies are, wtf.
Space… the final frontier … endless…silent…waiting. This si the story of the Unites Space Ship Enterprise…its mission…a five year patrol of the galaxy…to seek out and contact all alien life…to explore..to travel the vast galaxy where no man has gone before…a STAR TREK.
3,000 star trek nerds all yelling Khaaaaan, under the tutelage of William Shanter