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Disney Media »

[5 Apr 2013 | No Comment | ]
Disney Shuts Down LucasArts

Following their recent acquisition of Lucasfilm, Disney announced this week that they will be closing the company’s video game division, LucasArts. Rather than producing games in-house, Disney will now instead be licensing the Star Wars properties, among others, to third-party game developers.
In a statement, Disney explained:
After evaluating our position in the games market, we’ve decided to shift LucasArts from an internal development to a licensing model, minimizing the company’s risk while achieving a broader portfolio of quality Star Wars games. As a result of this change, we’ve had layoffs across …

Disney Corporate »

[23 Dec 2012 | No Comment | ]
Disney Completes Lucasfilm Acquisition

Last month, Disney and Lucasfilm made the incredibly exciting announcement that Disney would soon be the official owner of Lucasfilm, which includes the legendary Star Wars franchise. On Friday, Disney announced that their acquisition of Lucasfilm is now officially complete.
The acquisition was done based on last Friday’s closing price of Disney stock market shares, which was $50. With that closing price, Disney’s acquisition of the company was valued at $4.06 billion, a slightly higher amount than the original $4 billion estimation that was announced in October.
In a statement, Disney CEO Bob …

Disney Movies »

[11 Nov 2012 | No Comment | ]
‘Toy Story 3’ Scribe Michael Arndt to Write ‘Star Wars Episode VII’ Script

While Disney and Lucasfilm’s announcement that a new Star Wars film would arrive in theaters in 2015 came less than two weeks ago, progress is already being made on this highly anticipated film. This week, it was announced that pre-production for the film has already begun, and already attached to the film is Michael Arndt, who will pen the film’s script.
Arndt is no stranger to Disney, who will now be producing the new Star Wars installment due to its recent acquisition of Lucasfilm. In addition to writing the Oscar-nominated script for …