Film & TV

George Lucas Sells Star Wars to Disney

Film & TV

George Lucas Sells Star Wars to Disney

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Good news for the legions of whiny fan boys who’ve been saying that George Lucas is a sell out for years, because now it’s officially true. The fashion icon for millions of neck-beards everywhere is selling his company to Disney, according to a report from Reuters, who write:

Walt Disney Co said it agreed to buy film maker George Lucas’s Lucasfilm Ltd for $4.05 billion.

Disney will pay about half in cash and issue about 40 million shares at closing for the acquisition of the film studio known for the iconic “Star Wars” movies.

A seventh Star Wars film will also reportedly arrive in 2015 according to Disney, per Reuters. The merger makes sense, considering both creative properties now make, and always have, content intended for little children.

UPDATE: Read the announcement of the deal from Disney here.

“For the past 35 years, one of my greatest pleasures has been to see Star Wars passed from one generation to the next,” said George Lucas, Chairman and Chief Executive Officer of Lucasfilm. “It’s now time for me to pass Star Wars on to a new generation of filmmakers.”

And by now he meant like 25 years ago, but let’s move on…

“I’ve always believed that Star Wars could live beyond me, and I thought it was important to set up the transition during my lifetime. I’m confident that with Lucasfilm under the leadership of Kathleen Kennedy, and having a new home within the Disney organization, Star Wars will certainly live on and flourish for many generations to come. Disney’s reach and experience give Lucasfilm the opportunity to blaze new trails in film, television, interactive media, theme parks, live entertainment, and consumer products.”

Especially the consumer products, he was thinking. Millions and millions of consumer products, recycled and sold, forever and ever until we’re all dead.

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