Star Wars-Disney deal officially closes

Posted by David Konow

We recently ran a report about the so-called Mayan Apocalypse, and how many Star Wars fans flocked to an area of Guatemala where the Yavin 4 rebel base segment was shot.

They were getting ready for the end of the world as we knew it, which of course never came to be. There have also been reports that George Lucas believed the end was near as well, although this wasn’t why he filmed part of Star Wars at a Mayan landmark.

It’s a good thing Lucas realized the world hasn’t ended, because it means more Star Wars movies to come. For someone who allegedly believed the end was near, he sure picked a funny time to sell everything over to Disney for billions of dollars.
In fact, Lucas’s Disney deal has finally closed, and it’s an even richer deal because of Disney’s stock performance. Where Lucas was going to make $4.05 billion, now he’s made $4.06, but what’s $.06 million between friends, right? 

As Collider tells us, when the deal finally went through, Disney shares were $50 each, and as an official press release tells us, “At closing Disney issued 37,076,679 shares and made a cash payment of $2,208,199,950. Based upon the closing price of Disney shares on December 21, 2012 at $50.00, the transaction has a total value of approximately $4.06 billion.” 
Besides the next Star Wars trilogy, Disney also gets the whole Lucasfilm package, with their live action and animation businesses, consumer products company, its animation division, and state of the art visual and audio FX companies ILM and Skywalker Sound. 
Lucas claimed that most of the money will go to charity, but it’s interesting to see how long it takes this big of a deal to finally go through.

I often joke that I’ve imagined Lucas calling his bank to check on his account, punching in his account number and password, wondering where the money is. Now he can call, and hear the magic words on the other end: “Your account balance is, $7 billion…”

In the official press release, Robert Iger, the President and CEO of Disney, said, “We’re thrilled to welcome Lucasfilm to the Disney family. Star Wars is one of the greatest family entertainment franchises of all time and this transaction combines that world class content with Disney’s unique and unparalleled creativity across multiple platforms, businesses, and markets, which we believe will generate growth as well as significant long-term value.”