Tuesday, October 30, 2012

Walt Disney buys Star Wars Studio for $4bn

Walt Disney has agreed to pay veteran film maker George Lucas $4.05bn (£2.5bn) to acquire the company behind the Star Wars franchise and make a seventh film in the series.

“Lucasfilm reflects the extraordinary passion, vision, and storytelling of its founder, George Lucas,” Robert Iger, Disney’s chairman and chief executive said. “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.”