Disney Acquires Lucasfilm, George Cashes In

/ Movies /

Star Wars fans received some HUGE news today. Disney has bought Lucasfilm for $4.05 billion. The deal includes the rights to the Star Wars and Indiana Jones franchises as well as Industrial Light & Magic and LucasArts. Lucasfilm was privately owned by George Lucas so the Star Wars creator is now $4 billion richer and he was already a rich man.

$4 billion is a lot of money, but I’m willing to bet Disney will recoup the investment before too long. Between the new movies, books, graphic novels, video games, and merchandise, I expect the profits to be large.

The deal must have been kept very quiet, because I didn’t hear anything about it until almost 4:30 this afternoon when the deal was all but final. Honestly, I didn’t see this coming at all and was completely blown away. This is a really big deal and brings up a lot of questions about the future Star Wars as a franchise.

But that’s not even the most interesting part of the story. Disney also announced that they will be producing new Star Wars movies and is targeting the release of “Episode 7” for 2015, with additional movies coming out every 2-3 years.

Holy crap.

It sounds like, for all intents and purposes, the Lucasfilm infrastructure won’t change except that Lucas will move into a role as a creative consultant. I actually think this could be a very good move for Star Wars. I think we all recognize that, to put it mildly, the Star Wars prequels left a bit to desired. With George out of the picture (for the most part), I think we’ll see more creative expression and hopefully higher quality entertainment. There was a time when I was really, really in Star Wars, but that has largely tailed off in the last 6 or 7 years. This news makes me truly excited about Star Wars for the first time in several years.