Dear readers, Catholic Online was de-platformed by Shopify for our pro-life beliefs. They shut down our Catholic Online, Catholic Online School, Prayer Candles, and Catholic Online Learning Resources essential faith tools serving over 1.4 million students and millions of families worldwide. Our founders, now in their 70's, just gave their entire life savings to protect this mission. But fewer than 2% of readers donate. If everyone gave just $5, the cost of a coffee, we could rebuild stronger and keep Catholic education free for all. Stand with us in faith. Thank you. Help Now >
How George Lucas made $4 billion yesterday
FREE Catholic Classes
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.
Highlights
Catholic Online (https://www.catholic.org)
10/31/2012 (1 decade 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.
---'Help Give every Student and Teacher FREE resources for a world-class Moral Catholic Education'
Copyright 2021 - Distributed by Catholic Online
Join the Movement
When you sign up below, you don't just join an email list - you're joining an entire movement for Free world class Catholic education.
-
- Easter / Lent
- Ascension Day
- 7 Morning Prayers
- Mysteries of the Rosary
- Litany of the Bl. Virgin Mary
- Popular Saints
- Popular Prayers
- Female Saints
- Saint Feast Days by Month
- Stations of the Cross
- St. Francis of Assisi
- St. Michael the Archangel
- The Apostles' Creed
- Unfailing Prayer to St. Anthony
- Pray the Rosary
The Silent Thief of Memory Begins Years Before the First Sign
Supreme Court Upholds Ban on Gender-Affirming Care for Minors
A Face from the Past: What a 10,000-Year-Old Woman Can Teach Us About Creation, Culture, and Dignity
Daily Catholic
- Daily Readings for Thursday, June 19, 2025
- St. Romuald: Saint of the Day for Thursday, June 19, 2025
- Glory Be to the Father: Prayer of the Day for Thursday, June 19, 2025
- Daily Readings for Wednesday, June 18, 2025
- St. Gregory Barbarigo: Saint of the Day for Wednesday, June 18, 2025
- Hail, Holy Queen: Prayer of the Day for Wednesday, June 18, 2025
Daily Readings for Thursday, June 19, 2025
St. Romuald: Saint of the Day for Thursday, June 19, 2025
Glory Be to the Father: Prayer of the Day for Thursday, June 19, 2025
St. Gregory Barbarigo: Saint of the Day for Wednesday, June 18, 2025
Copyright 2025 Catholic Online. All materials contained on this site, whether written, audible or visual are the exclusive property of Catholic Online and are protected under U.S. and International copyright laws, © Copyright 2025 Catholic Online. Any unauthorized use, without prior written consent of Catholic Online is strictly forbidden and prohibited.
Catholic Online is a Project of Your Catholic Voice Foundation, a Not-for-Profit Corporation. Your Catholic Voice Foundation has been granted a recognition of tax exemption under Section 501(c)(3) of the Internal Revenue Code. Federal Tax Identification Number: 81-0596847. Your gift is tax-deductible as allowed by law.