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 © 2014 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.
[BRIEFING.COM] The stock market finished an upbeat week on a mixed note. The S&P 500 added just over a point, holding its weekly gain at 1.0% while the Nasdaq lost 0.4%.
The major averages began the day on an upbeat note, but relinquished their opening gains during the first 90 minutes of action. The early sentiment was boosted by a better-than-expected nonfarm payrolls report for February (175K versus Briefing.com consensus 163K), but a closer look into the report suggested that ... More
More Market News
The solid report comes a month after the retailer closed all of its Canadian operations.
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'