Big news: Disney buying LucasFilm

Wow.

That’s my first reaction to the latest — and biggest in recent memory Bay Area entertainment-related — news: Disney is buying LucasFilm for $4 billion.

It’s strange to think that George Lucas’ lifework is going to be a part of the House of the Mouse. Lucas intentionally established LucasFilm in Marin to be separate and independent from Hollywood.

It’s also hard to believe that amount was all Lucas could fetch for LucasFilm, especially given the staying power of the “Star Wars” franchise. LucasFilm is a private company, so we don’t know what its finances look like.

But to put the selling amount in context, “Star Wars I: The Phantom Menace” alone raked in $1 billion in box office sales. Six years ago, Disney spent some $7 billion to acquire Pixar, itself a LucasFilm spin-off and three years ago, it bought Marvel for a similar $4 billion.

The deal means that the Bay Area’s two major film-related companies – Pixar and LucasFilm – will both now be under Disney’s auspices. Disney has seemed to do a good job of allowing Pixar to retain its independence. We’ll see how it will treat LucasFilm.

 

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  • Andrew

    Let see…Disney bought the Muppets, Marvel, Pixar and now the Star Wars universe. Why stop there. How about Star Trek (God knows a reboot of a reboot couldn’t hurt.), James Bond 007, Harry Potter & Bugs Bunny & Friends.

    Isn’t anyone else concerned that a single company is going to control the worlds entertainment properties? They used to call that a “monopoly” (You call it a monopoly, I call it free enterprise.) I’m not sure what Wall Street calls it now. (To big to fail?)

 
 
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