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The 68-year-old Lucas will serve as a creative consultant but plans to retire."For the past 35 years, one of my greatest pleasures has been to see Star Wars passed from one generation to the next," said Lucas, chairman and CEO of Lucasfilm, in a statement.
"It's now time for me to pass Star Wars on to a new generation of filmmakers."Said Disney CEO Robert Iger: "This is one of the great entertainment properties of all time, one of the best branded and one of the most valuable, and it's just fantastic for us to have the opportunity to both buy it, run it and grow it."The big screen isn't the only place that there might be tales from the galaxy far, far away.
It tops the .96 billion Disney paid for Marvel in August 2009.
Disney expects to more aggressively expand the Star Wars film schedule, Iger said in a statement. The (first) film is in early stage development right now."Based on Disney's closing price on Oct. Disney (DIS) will pay half that value in cash and issue 40 million shares of Disney to pay for the rest.
"We really like Star Wars' potential on TV as well," Iger says, "and we think (cable-satellite channel) Disney XD will be a great home for that."The buyout is Disney's fourth largest deal ever.
It's behind the .7 billion, .6 billion and .2 billion buyouts of Capital Cities/ABC in 1995, Pixar in 2006 and Fox Family in 2001, respectively, says S&P Capital IQ.
October 12, 2012 Events mark Domestic Violence Awareness Month Statistics show that one of every four women in the United States are affected by domestic violence.
October 12, 2012 Mental Health Crisis Lines for Life suicide and substance abuse hotline clinical director Leslie Storm encourages people in a mental crisis or who may be thinking about killing themselves to call and talk to someone at Lines for Life before calling 9-1-1.
A youth-suicide epidemic is sweeping Indian country, with Native American teens and young adults killing themselves at more than triple the rate of other young Americans, according to federal government figures.The FDA has also communicated to Acel Rx that it plans to hold an Advisory Committee meeting to review the DSUVIA application. Clinical and Rehabilitative Medicine Research Program (CRMRP) DSUVIA is funded in part by the Clinical and Rehabilitative Medicine Research Program (CRMRP) of the U. Army Medical Research and Materiel Command (USAMRMC) under contract No. The CRMRP was established in 2008 to foster research and technology advances for regeneration, restoration, and rehabilitation of traumatic injuries.