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Disney Buys Lucasfilm For $4 Billion Dollars

Posted 10/31/2012 6:30 am by

Disney is doing its very best to put a lockdown on everyone’s childhood.  A number of years ago, Disney bought the Muppets from Jim Henson.  Since then, Disney has put the moves on the childhood of everyone under 40 by buying Pixar and then buying Marvel.  Now, their acquisition of childhood will be complete.  Disney has bought Lucasfilm for $4.05 billion dollars.

Perhaps more important than that, Disney has decided not to mothball George Lucas’s most important creations.  That’s right, kids; Disney is going to produce a new movie in the Star Wars saga, without the writing and direction of George Lucas.  Star Wars Episode VII (7) will be coming, and George Lucas will serve in an advisory role, but not an active role.  I think we can all breathe a sigh of relief at that, given the mediocrity of Episodes I through III.

“The last Star Wars movie release was 2005’s Revenge of the Sith — and we believe there’s substantial pent-up demand,” said Disney CEO Bob Iger.

Lucasfilm co-chairman Kathleen Kennedy will remain with the company.  She will transition from CEO of Lucasfilm to the president of the Lucasfilm division of Disney, directly reporting to Iger.

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