This isn’t really New York centric, but it’s definitely big news. Disney has agreed to buy Lucasfilm — and the entire Star Wars franchise — for $4.05 billion in stock and cash. Half of the payment will be in cash, and 40 million shares will be distributed at closing.
“For the past 35 years, one of my greatest pleasures has been to see Star Wars passed from one generation to the next,” said George Lucas, CEO of Lucasfilm, in a statement. “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.”
If the acquisition wasn’t big enough news for you, Disney also announced plans to release more Star Wars movies, starting with Star Wars Episode 7, in 2015.
Should you find yourself upset that Disney bought the beloved Star Wars franchise and is adding more movies to it, remember that Lucas already ruined everything with Jar Jar Binks. It can’t get any worse than that.