Posts Tagged 'disney buys lucasfilm'

A New Hope: George Lucas gives up control over STAR WARS

October 30, 2012: a date that will live in infamy. I keep re-reading the title to this post. I had to double check the calendar to make sure it wasn’t April 1st. I can’t believe this has actually happened. I never thought I’d live to see the day where George Lucas willingly relinquished control over Star Wars.

In a deal that has reportedly been in the works since last summer, Disney will buy Lucasfilm and its valuable San Francisco-based subsidiaries (including the best visual effects company on Earth, Industrial Light & Magic, and the best post-production audio facility in the industry, Skywalker Sound) for a reported $4.05 billion, all of it going to Lucas, who owned 100% of the company. You know, because George Lucas didn’t have enough money already. Actually, to be fair, Lucas is apparently pledging most of this windfall to various education initiatives he’s backing, which is pretty cool.

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