Disney buys Star Wars maker Lucasfilm

A long time ago in a galaxy far, far away... Or rather, yesterday in the US, George Lucas signed over Lucasfilm to Disney boss Robert Iger. 'It's now time for me to pass Star Wars on to a new generation of film-makers,' he said.

by Rebecca Burn-Callander
Last Updated: 09 Oct 2013

Disney and Star Wars have joined forces in a cash and shares deal worth $4.05bn (£2.5bn). Lucasfilm now joins Pixel, Marvel and ESPN in the Disney stable - and Lucas walks away with enough money to build several Death Stars, as he owns 100% of Lucasfilm. He will also become one of Disney's largest shareholders, with a stake worth around $2bn.

Disney has already released a statement announcing its intent to release episode seven of the Star Wars saga by 2015, followed by episodes eight and nine and then a movie every two to three years thereafter. The news was met with a mixture of delight and derision by Star Wars fans. 'When you wish upon a Death Star?!' says film publicist Gwynne Dixon. While actor and comedian Simon Pegg suggests, 'The Endor Book' for the next episode of the series over on Twitter. That, or 'Snow White and the seven Uganauts'.

It's not surprising that Disney is keen to get in on the Star Wars franchise. It's proved hugely lucrative so far, generating $4.4bn at the box office alone. And there's 'substantial pent-up demand' for a new film, reckons Disney. It's a real coup for chief executive Iger: this is his third multi-billion dollar acquisition to date and both the Pixar and Marvels deals, worth $7.4bn and $4bn respectively, have been a roaring success.

But the real question is this: 'Does this mean Leia is now a Disney princess?' asks Pegg. 'She'll have to go get her nails done with Ariel and lend Pocahontas her metal bikini.'

Find this article useful?

Get more great articles like this in your inbox every lunchtime

How COVID changes the world forever: A thought experiment

Silicon Valley ‘oracle’ Tim O’Reilly imagines how different sectors could emerge from the pandemic.

The CEO's guide to switching off

Too much hard work is counterproductive. Here four leaders share how they ease the pressure....

What Lego robots can teach us about motivating teams

People crave meaningful work, yet managers can so easily make it all seem futile.

What went wrong at Debenhams?

There are lessons in the high street store's sorry story.

How to find the right mentor or executive coach

One minute briefing: McDonald’s UK CEO Paul Pomroy.

What you don't want to copy from Silicon Valley

Workplace Evolution podcast: Twitter's former EMEA chief Bruce Daisley on Saturday emails, biased recruitment and...