When Walt Disney took over Lucasfilm, investors cheered. But the sequels to the legendary “Star Wars” trilogy weren’t exactly blockbusters. A long-hidden Lucasfilm gem could now become a goldmine for Disney. But is Disney stock a buy right now?
Walt Disney and Lucasfilm – an ideal team?
Investors were ecstatic that October 2012 when Walt Disney announced it would acquire Lucasfilm for $4.05 billion. For the older ones among us: George Lucas was the one with “Star Wars”. With Luke Skywalker, Princess Lea, Han Solo and the asthmatic Darth Vader.
The calculations made by the Mickey Mouse group were very simple: we produce a new “Star Wars” film every few years. And no matter how crude the plot, no matter how wacky the characters, no matter how illogical the actions – gold coins would rain down from the sky.