Disney announces 'Star Wars' film spinoffs
Fans are going to have to be patient. These movies are years away from the silver screen.
While the world's largest entertainment company expects to release J.J. Abrams' "Star Wars: Episode VII" in 2015, the Force is not as strong with two other films that Disney CEO Robert Iger has said are in the works. According to Deadline.com, many questions remain about these pictures, such as when the films will debut and what they will be about.
"Right now, people are just kicking around ideas," the website quotes an anonymous source as saying. "Which is why you hear it’s Yoda one day and a young Han Solo another. It’s all in early development right now."
Lawrence Kasdan, writer of "The Empire Strikes Back" and "Return of the Jedi," is working on one of the films. Simon Kinberg, whose credits include the "X-Men" movies and "Abraham Lincoln: Vampire Hunter," is involved with the other one. During an earnings conference call Tuesday, Iger described these pictures as "standalone films that are not part of the 'Star Wars' saga." He wasn't more specific.
"Star Wars" films aren't going to be cheap to produce. According to Box Office Mojo, the latest films in the franchise each had production budgets that topped $100 million. That's pretty pricey, even for a gigantic company like Disney. People also forget that some of the newer films haven't been fan favorites.
The House that Mickey Built acquired Lucasfilm, the production company founded by "Star Wars" creator George Lucas, for $4 billion last year. Box Office Mojo figures show these films have grossed $1.9 billion -- and that doesn't factor in home video and merchandise sales. The franchise is the second-most lucrative in the history of Hollywood behind the "Harry Potter" movies.
Shares of Disney, which also owns the ABC television network along with iconic theme parks in California and Florida, have surged more than 9.5% since the start of the year.
--Jonathan Berr does not own shares of the listed stocks. Follow him on Twitter @jdberr
More on moneyNOW
Copyright © 2013 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
A basic income policy can actually ensure a decent standard of living for everyone.
- People left $500,000 in coins at airports last year
- How your driving can affect your credit
- Obamacare projected to cost hundreds of billions less
- November jobs report: Winners and losers
- Student loan debt climbs for 5th year in a row
- Wall Street finally notices Bitcoin
- Part-time workers hurt by on-call system
- 5 myths about late payments and your FICO scores
- Auto loan interest rates hit record low
[BRIEFING.COM] A solid November employment report translated into a solid day of gains for the major averages. While there was some talk that the encouraging job growth raised the odds of the Fed announcing a tapering at its December meeting, the message of the markets today was either that it didn't believe there would be a tapering this month or that it doesn't fear a tapering this month.
It was just one day, yet there was ample meaning wrapped up in the connection that the 10-yr ... More
More Market News
The Fed may start tapering in just a few months. Here are a few of the likely winners and losers.