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.
Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.
Fundamental company data and historical chart data provided by Thomson Reuters (click for restrictions). Real-time quotes provided by BATS Exchange. Real-time index quotes and delayed quotes supplied by Interactive Data Real-Time Services. 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 SIX Financial Information.
Tired of constantly dying batteries, she came up with a device that could revolutionize energy storage -- and won $50,000 from Intel.
- Detroit in hot water over proposal to sell art
- Sears spirals toward oblivion
- Why aren't heads rolling at the IRS?
- Do we pay attention to roads and bridges now?
- Yahoo may be going after Hulu
- Apple's first computer could fetch $450,000
- AT&T adds sneaky fee onto its wireless bills
- Soaring ER use adds more pain to health costs
- Netflix gets 'Arrested Development' stars cheap
[BRIEFING.COM] Stocks entered the weekend on a mixed note as the S&P 500 shed 0.1% while the Dow ended with a gain of 0.1%.
The major averages began the day on a lower note as nine of ten sectors saw losses of more than 0.5%.
The consumer staples sector was the lone exception as the group spent the entire day in positive territory thanks to the relative strength of Dow component Procter & Gamble (PG 81.89, +3.19). The second-largest staple stock advanced ... More
More Market News
Try as the bears might, they couldn't break US stocks. But investors still face frothy prices and considerable headwinds.