Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

10/31/2012 (2 years ago)

Catholic Online (www.catholic.org)

Not a bad payday for the film genius.

George Lucas had a good day yesterday, earning $4 billion on a deal that converts the "Star Wars" franchise into a Disney operation. The deal will also bring a "Star Wars, Episode 7" to the big screen in 2015.

George Lucas has about 4 billion reasons to be happy.

George Lucas has about 4 billion reasons to be happy.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

10/31/2012 (2 years ago)

Published in Movies

Keywords: George Lucas, Star Wars, Disney, deal


LOS ANGELES, CA (Catholic Online) - George Lucas, 68, said in a statement, "It's now time for me to pass 'Star Wars' on to a new generation of filmmakers." 
The legendary filmmaker has transferred the Star Wars franchise and Lucasfilms, his production studio, to Disney. The deal nets Lucas stock and cash valued just over $4 billion.

Disney CEO Robert Iger issued his own statement saying, "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." 

Lucas won't be abandoning his franchise however. Lucas is expected to stay on board as a project consultant. 

As for the deal itself, it does require federal antitrust approval. Disney has bought out several smaller, popular media franchises such as Pixar and Marvel Entertainment. 

Disney believes the "Star Wars, Episode 7" will bolster its 2015 earnings. Certainly, the addition of Lucasfilms and "Star Wars" improves the Disney portfolio. 

In addition to acquiring Star Wars, the acquisition of Lucasfilms also brings Industrial Light & Magic, Skywalker Sound, and the Indiana Jones franchise to Disney. 

As for George Lucas, he isn't speaking much about the private deal, but it is understandable that he should want to retire comfortably on the profits of his entertainment empire. With $4 billion to spend and annual revenues to boot, he should accomplish this task easily. 

Without a doubt, the force is with Lucas as he closes his multi-billion dollar deal with Disney. 


---


Pope Francis: end world hunger through 'Prayer and Action'


Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for May 2015
Universal:
That, rejecting the culture of indifference, we may care for our neighbours who suffer, especially the sick and the poor.
Evangelization: That Mary's intercession may help Christians in secularized cultures be ready to proclaim Jesus.


Rosaries, Crosses, Prayer Cards and more... by Catholic Shopping .com


Comments


More Movies

What are filmmakers getting wrong with Bible-based movies? The universal story may not be so universal Watch

Image of

By Talia Ramos (NEWS CONSORTIUM)

Hollywood has released a lot of movies centered on Christianity and the Bible's stories during 2014. Some of them were well-received by Christians and even film critics, while some of the movies received negative, cold responses, especially from those who subscribe to ... continue reading


Filmmakers of 'Little Boy' receive mixed reviews -- audience approves, film critics are not convince Watch

Image of Little Boy is a movie about a young boy desperate to bring his father home for WWII.

By Atarah Haely (NEWS CONSORTIUM)

Rotten Tomatoes gave the newly released movie, "Little Boy" a low rating, viewing it as rather unconvincing for fans, the filmmakers and some of the professional film critics. MUNTINLUPA, PHILIPPINES (Catholic Online) - However, the movie was given positive approval ... continue reading


New 'Star Wars' trailer features plenty of surprises for fans Watch

Image of John Boyega, who left a lasting impression as the hero in the 2011 British horror film,

By Catholic Online (NEWS CONSORTIUM)

"The force - is back," and the new trailer in the "Stars Wars" installment, "Star Wars: Episode VII -- The Force Awakens" packs quite a few surprises. Due to hit theaters during Christmas this year, the trailer's unveiling was attended by many actors in the ... continue reading


Empire of the Cross; Layers of Our Faith Watch

Image of

By Caitlin Bootsma

If you've ever visited Rome and had a sense of deja vu or that you were somehow "home", you wouldn't be the only one. Many Catholics feel this connection to the Eternal City, despite not having a drop of Italian blood in them. This feeling is reinforced by stumbling ... continue reading


Amazing documentary 'Planet Earth' plans sequel to uncover the unknown wilderness Watch

Image of

By Talia Ramos (NEWS CONSORTIUM)

When the documentary series "Planet Earth" was shown on TV, a lot of people changed the way they see Mother Earth. The good news is, there is now going to be a sequel to the widely accepted film. MUNTINLUPA, PHILIPPINES (Catholic Online) - The downside, though, is it ... continue reading


Are movies encouraging kids to drink? New study shows relationship between 'boozy films' and teen drinking habits Watch

Image of

By Hannah Raissa Marfil (NEWS CONSORTIUM)

Research shows  a strong relationship between the drinking habits of teenagers and the choices of movies they watch. Young people are found to be more likely to consume and binge drink if they are into movies that feature the notable characters drinking alcohol. ... continue reading


Faith, hope and love: 'Little Boy' is movie for entire family Watch

Image of A motion picture intended to send audiences home with smiles on their faces,

By Catholic Online (NEWS CONSORTIUM)

A motion picture intended to send audiences home with smiles on their faces, "Little Boy," is a new World War II-era feature film. The story involves a 7-year-old child (Jakob Salvati) who wants his father to come home from battle. Promising to inspire ... continue reading


Netflix, Amazon, Hulu, iTunes promise lots of entertainment for month of April Watch

Image of Streaming original content, such as the superhero film

By Catholic Online (NEWS CONSORTIUM)

Spring is in the air and streaming movies, TV shows and specials will be here to greet the sunnier season. Streaming original content, such as the superhero film "Marvel's Daredevil" will be the month's main draws. LOS ANGELES, CA (Catholic Online) - From ... continue reading


Late actor Paul Walker lives again - thanks to digital technology Watch

Image of Universal Pictures was able to complete its April 3 tent pole,

By Catholic Online (NEWS CONSORTIUM)

Actor Paul Walker, whose life was taken in a horrific traffic accident two years ago, will have the opportunity to live again - dying during the production of "Fast and Furious 7," Walker's scenes will be completed with digital technology. While this will ... continue reading


Luke Skywalker's home in 'Star Wars' invaded by ISIS Watch

Image of R2D2 and C3PO would probably feel out of place at the location that served as Tatooine in the original

By Catholic Online (NEWS CONSORTIUM)

The desert planet of "Tatooine," Luke Skywalker's (Mark Hammill) home planet in the "Star Wars" series, was attacked and destroyed by storm troopers in the original installment of that science-fiction series. Art apparently imitated life, as the Tunisian location ... continue reading


All Movies News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Sirach 17:19-27
19 Their actions are all as plain as the sun to him, ... Read More

Psalm, Psalms 32:1-2, 5, 6, 7
1 [Of David Poem] How blessed are those whose offence ... Read More

Gospel, Mark 10:17-27
17 He was setting out on a journey when a man ran up, ... Read More

Saint of the Day

Saint of the Day for May 25th, 2015 Image

St. Mary Magdalene de Pazzi
May 25: It would be easy to concentrate on the mystical experiences God ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter