Disney's figures may be a fiction, but Star Wars is still hugely profitable for the House of Mouse. Disney officially completed the purchase of Lucasfilm back in 2012, acquiring the studio behind Star Wars and Indiana Jones for $4.05 billion ($5.51 billion in today's money, factoring in inflation).
How much money has Disney lost since buying Star Wars?
Box office profits generated by Disney's Star Wars movies have fallen $2.8 billion short of covering the media giant's purchase of the sci-fi saga's creator, Lucasfilm, according to analysis of recently-filed financial statements.
Walt Disney (NYSE:DIS) Second Quarter 2024 Results
Revenue: US$22.1b (up 1.2% from 2Q 2023). Net loss: US$20.0m (down by 102% from US$1.27b profit in 2Q 2023). US$0.011 loss per share (down from US$0.69 profit in 2Q 2023).
Does the original create off Star Wars still get royalties from the movies?
"Even though Lucas is not the owner of Lucasfilm now, he still makes a lot of money from the first movie which is considered as the father of the Star Wars saga. Lucas does not earn any royalties from the newer movies or shows as a writer, director, or even creator.
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Does Lucas regret selling Star Wars to Disney?
Oh, I think he deeply regrets it on one level, in that Disney ruined the Star Wars franchise coming out of the gate and continues to ruin it. Lucas always considered the original six Star Wars films as “my kids,” and he felt very protective of them. But, when The Force Awakens premiered, 3 years afte…
Because he opted for a half-stock/half-cash deal when he sold Lucasfilm, George Lucas owns 2+ percent of Disney. His current stock holdings are worth more than $4 billion even at today's not-great price.
Revenues and operating income from Disney's entertainment linear networks declined by 8% and 22%, respectively, last quarter, due to advertising losses stemming from viewership declines.
Walt Disney's long-term debt hit its 5-year low in September 2019 of 38.129 billion. Walt Disney's long-term debt decreased in 2021 (48.54 billion, -8.3%), 2022 (45.299 billion, -6.7%), and 2023 (42.101 billion, -7.1%) and increased in 2019 (38.129 billion, +123.2%) and 2020 (52.917 billion, +38.8%).
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Despite this, Disney+ has burned up more than $11.4 billion of operating losses since it was launched and isn't forecast to even make a profit until the end of the year.
Entertainment is the largest segment for Disney thanks to its robust streaming business. Following closely behind is Disney's experiences revenue, which is quickly growing with a 7% increase year over year in the first quarter of 2024.
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Disney acquired “Toy Story” creator Pixar in 2006 for $7.4 billion. The company became the owner of the “Star Wars” and “Indiana Jones” franchises following the purchase of Lucasfilm in 2012.
Adjusted earnings, which stripped out the charges and other items, were $1.21 per share, easily beating the $1.12 per share that analysts polled by Zacks Investment Research predicted. Disney said that due to its second-quarter performance, it now has a full-year adjusted earnings per share growth target of 25%.
SAN FRANCISCO (AP) — The Walt Disney Co. on Wednesday posted stronger-than-expected earnings for the final three months of 2023, boosted by cost cuts and growing revenue from its theme parks business. CEO Bob Iger said the company is on track to make its streaming services profitable.
What Is Netflix's Debt? As you can see below, Netflix had US$14.5b of debt, at December 2023, which is about the same as the year before. You can click the chart for greater detail. However, it does have US$7.14b in cash offsetting this, leading to net debt of about US$7.41b.
Disney+ lost 1.3 million subscribers in the final quarter of 2023 amid a hefty price hike that went into effect last fall, but managed to narrow its streaming business' losses by $300 million during the October-December period.
One thing that was never close was the revenue race. Netflix's most-recent quarterly revenue was $8.162 billion; Disney's overall streaming revenue was $5.514 billion.
Disney's largest individual shareholders are the company's insiders, including the current CEO, Robert Iger, and top managers, such as Brent A. Woodford, Maria Elena Lagomasino, and Mary Barra. The largest institutional investors include the Vanguard Group, BlackRock, and State Street.
And with a net worth estimated by Forbes of $5.4 billion, mainly thanks to selling Lucasfilm to Disney, “Star Wars” creator Lucas is in a galaxy far, far away from anyone else on the list. Though his peer Steven Spielberg comes in at second place, with a net worth of $3.7 billion.
