BURBANK (CNS) - The Walt Disney Co. announced today it has reached a $4.05 billion deal to purchase producer/director George Lucas' Lucasfilm Ltd. production house, including rights to the ``Star Wars'' film franchise, which will continue with a seventh movie slated for release in 2015.
In announcing the agreement, Disney Chairman/
``Lucasfilm reflects the extraordinary passion, vision, and storytelling of its founder, George Lucas,'' Iger said.
According to Disney, the company will pay roughly half of the purchase price in cash, and issue about 40 million shares of stock at closing. Disney officials said Lucasfilm employees were expected to retain their jobs in their existing locations.
Kathleen Kennedy, the co-chair of Lucasfilm, will become president of the company and report to Walt Disney Studios Chairman Alan Horn. She will also serve as the brand manager for ``Star Wars'' and will serve as executive producer on upcoming ``Star Wars'' films, with Lucas serving as a creative consultant. The seventh film in the franchise will be released in 2015, according to Disney.
``For the past 35 years, one of my greatest pleasures has been to see `Star Wars' passed from one generation to the next,'' Lucas said. ``It's now time for me to pass `Star Wars' on to a new generation of filmmakers. I've always believed that `Star Wars' could live beyond me, and I thought it was important to set up the transition during my lifetime.
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Tim Conway Jr
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Call / Text: 1-800-520-1KFI / 640640
Email: conwayshow@gmail.com
Facebook: Become a Fan
Twitter: Follow Me
Youtube: Watch
Tim Conway, Jr. was born and raised in Los Angeles...and survived 10 years in a youth detention center called the Los Angeles Unified School District.
He spent his childhood around Santa Anita, Hollywood Park and Del Mar Racetracks with his father, four younger brothers and older sister.
His father is yes, the real Tim Conway from the real Carol Burnett Show. Dad guests regularly on the younger Conway's radio program and recently told his son, "Comedy is in your blood...too bad it's not on your show."
Conway survived 12 years at 97.1 FM Talk in Los Angeles until it switched to an all-music format. The show was famous for providing Southern California with a wide variety of entertaining topics including live police Chases, Hollywood craziness and current events with a twist of humor.
"What The Hell Did Jesse Jackson Say?" was a favorite segment and maintains a substantial cult following to this day (it's the stuff radio legends are made of).
He now hosts a nightly show on the No. 1 news/talk radio station in the country, KFI AM 640, More Stimulating Talk Radio. You can catch the show Monday-Friday from 7-10pm. Conway's down-to-earth take on life brings a sense of refreshing levity to those surrounded by lunatics in SoCal.
Today, the Conway tradition continues. When he's not on the air, you can find him at the racetrack with his four-year-old daughter. "I got a tear in my eye the first time my daughter was photo'd out of a win." Tim also turned his wife onto horse racing. She's currently banned from two local tracks for verbal attacks on jockeys.
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ON DEMAND
Tuesday, October 30, 2012
Disney Buys Lucasfilm
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