Disney buys Lucasfilm

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Disney buys Lucasfilm

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The force is certainly with American filmmaker George Lucas, who has sold his Lucasfilm outfit to Walt Disney for over four billion dollars.

Lucas will get half in cash, and 40 million Walt Disney shares. The sale involves all of Lucas’s film companies, including Industrial Light and Magic and Skywalker sound.

Current co-chairwoman Kathleen Kennedy will become president of the new company.

George Lucas:
“I think it’ll give me the chance to go off and explore my own interests and at the same time feel completely confident that Disney will take care of the franchise I’ve built.”

Walt Disney says the seventh Star Wars movie is due for release in 2015.

For the Disney empire it is their latest foray into buying other’s properties, after their buying the entire Marvel comic book catalogue in 2009.

Cartoon by Etienne Bartomeuf & Raf