When did Disney buy Star Wars?

Disney has expanded the Star Wars Franchise in ways that were impossible before George Lucas sold the saga he created. There is a constant stream of new Star Wars Movies and TV shows that seem to have no end in sight, and the new Disney canon has grown into a massive catalog of books, comics, and video games that continue to expand the franchise in every way imaginable. Enthusiasts can even experience the galaxy for themselves Star Wars: Galaxy’s Edge. There is no evidence like this Star Wars Brand will continue to grow under Disney in the coming decades.

Understanding when and how Disney bought Star Wars Could shed light on the future direction of the franchise. Disney had specific goals in mind when they decided to buy Star WarsAnd Lucas has high hopes for the enduring legacy of his creation after he retires. While the franchise has evolved in ways no party could imagine, the events that led to Disney buying Star Wars From then on, shaped the fate of the franchise. The company has continued acquiring new properties and reviving old franchises in the years since, meaning that Disney is buying Star Wars Helped change the film industry.

Disney bought Star Wars in 2012

The world was taken by storm in 2012 when Disney acquired Lucasfilm and confirmed a 2015 release date for Star Wars Episode 7. Lucas has stated for years that he has no plans to produce a Star Wars sequel trilogy or hand the reins to other filmmakers, but then Disney purchased the franchise and announced three new Star Wars Movies. The announcement brought equal parts excitement and uncertaintyAs no one has any idea why Disney Star Wars Would look like. either way, Star Wars is back, and this time has the resources of Disney behind it.

Timeline of Disney’s Lucasfilm purchase

May 2011 – Bob Iger approaches Lucas during the reopening of Star Tours

Disney CEO Bob Iger first approached Lucas when the Star Tours Ride reopened at Disney World and Disneyland after a year-long refurbishment. Iger arranged a breakfast meeting with Lucas and made a compelling pitch for Disney to buy Star WarsThe beginning of a long process to the sale. Lucas was understandably conflicted about selling his company, something Iger respected, but after seven months, Lucas arranged a lunch meeting to begin putting the deal in motion.

October 30, 2012 – Disney acquired Lucasfilm

After months of negotiations and an audit to determine the value of the Star Wars franchise, Disney agreed to buy Lucasfilm for $4.05 billion. The deal was officially announced on October 30, 2012, with Lucas signing the company to Disney in a press release. It has been confirmed that Kathleen Kennedy, a longtime associate of Lucas’, would take over as president of Lucasfilm and oversee the development of new Star Wars Movies.

December 21, 2012 – Acquisition completed

On December 21, 2012, Disney’s acquisition of Star Wars And Lucasfilm was done. Both companies immediately got to work on Star Wars Episode 7Announce JJ Abrams as the film’s director a few months later. Disney also began to develop the first Star Wars spinoff movies and a new animated series set to premiere in 2014. More than a decade later, Disney continues to branch out into new Star Wars projects, ensuring that George Lucas’ creations will reach a new generation of fans.

Why did George Lucas sell Lucasfilm?

There are quite a few reasons why Lucas ultimately decided to sell Lucasfilm to Disney, although he has recently spoken out about his true motivations for doing so. Lucas really sold Star Wars Because he just felt like it He couldn’t keep up with the way the film industry was developing, specifically in terms of streaming. He could foresee all the ways in which streaming would change the game, as well as the problems it would develop, and he decided to step back and put the company in safe hands rather than adapt to the massive change he saw coming.

There is, however, a lot of fan speculation about what else Lucas might have sold Star WarsEspecially based on things Lucas has said in the past. It’s common knowledge that Lucas is often at odds with some of the more vocal portions of the fandom, specifically around the time of the prequels. Star Wars trilogy, and some think that the harsh comments made by passionate fans may have contributed to Lucas’ desire to walk away from it all. Regardless, Star Wars has been in Disney’s hands for over a decade now, and there’s sure to be more to come.