Disney > Lucas > $4.05 billion > Educational Donation!


I was shocked when I heard recently the News, “Gearge Lucas is planning to sell his company ‘LucasFilms’ and is planning to retire too”. It was a really shocking news to me. Cause, like me, I am sure people of my age and around, have grown up watching films from lucasfilms. Who can forget StarWars, Jurassic park, Terminators, Mummy upto very recent films Pirates of the Caribbean, Transformers, Harry Potter, Narnia or Rango. I was in 9th or 10th when I first saw Jurassic Park. And the horrifying effect of the dinosaurs remained in my mind so long. Such films had created immense attraction and curiosity about film making, graphics and spacial effects, in thousands of minds. My carrier too was developed observing and studying films by ILM (a franchise of Lucasfilms). For people of my generation ILM is like the God in Spacial effects films. And now the News comes ‘ Lucas to retire’. Obviously bad.

But there was a good news too! And that shocked me again. The news was ‘George Lucas was selling ‘LucasFilms’ to the Disney company. ‘The Force is coming to Disney!’ Now ILM and entire Lucasfilm will be in ‘GOOD’ hands. This was not just shocking but astonishing also. This was something great! Immediately reminded the Pixar purchase. Robert A. Iger, Chairman and Chief Executive Officer of The Walt Disney Company announced the acquisition of Lucasfilms. The transaction value was $4.05 billion. Big deal, ahmm?.

Now Disney companies global portfolio includes Disney, ESPN, Pixar, Marvel, ABC and newly added Lucasfilms. The Lucas Film franchise include the great spacial effects and film making company-‘ Industrial Light and Magic (ILM)’, Audio post-production company – ‘Skywalker sound’, Lucas Arts, Lucas Licensing, Lucas Animation, Lucas online, etc.

“The Star Wars universe has more than 17,000 characters inhabiting several thousand planets spanning 20,000 years. This gives Disney infinite inspiration and opportunities to continue the epic Star Wars saga.” says Iger. Now surprisingly the Disney company has everything with her. Spiderman, Ironman, Hulk ect from Marvel, and all ILM contents. So we can definitely expect not only just StarWar 7,8,9,10…. but also expect mickey and spiderman and thor and Darth Vedar shacking hands together and playing with their ‘Light-saber’

Well that is not all the shock. That again a news strikes! And which is, George Lucas is going to ‘donate’ most of his earnings from the Disney deal to an educational fund. And that will be almost $4billion. “For 41 years, the majority of my time and money has been put into the company,” Lucas said in a statement. “As I start a new chapter in my life, it is gratifying that I have the opportunity to devote more time and resources to philanthropy.”

Just great! Isn’t it?

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