Disney: Shooting for the Stars Essay

Disney: Shooting for the Stars Essay

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Bombarded by 24 hour entertainment available in living rooms, automobiles, and even on smartphones, motion picture consumers are besieged by frenzied, media producers vying for the all-mighty dollar in an incredibly challenging, if not schizophrenic, marketplace. Although some independent studios are able to produce critically acclaimed works on shoestring budgets, such productions rarely capture the attention of the wider consumer-base or enable such studios to maintain anything more than a meager existence (Indie Film Studios: Can They Compete with Hollywood?). So competitive is the entertainment industry, that even once mighty conglomerates like Lucasfilm, LTD proved incapable of maintaining its ability to produce, necessitating the assistance of an even larger conglomerate, Disney. While Lucasfilm has produced some of the industry’s most treasured and profitable motion pictures, spawned leading edge production technologies, and revolutionized the movie making industry, only Disney represented the creative capacity, the marketing capability, and sufficient market dominance to ensure the continued viability of Lucasfilm’s vision (Disney to Acquire Lucasfilm Ltd, 2012).
Circumstances resulting in the Lucasfilm Acquisition
When the story broke, it hit Hollywood like an earthquake; how could Lucasfilm, the company behind classic trilogies like Star Wars and Indiana Jones; the pioneer of visual effects found in movies like the Perfect Storm, Forrest Gump, and Jurassic Park; and the creator of the THX theatrical certification process, a system for guaranteeing the highest possible picture and sound quality; relinquish its independence (Tyson, 2000)? While myriad contributing factors exist, the fact that Lucasfilm was 100% owned b...

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McMillan, G. (2013, November 3). Disney cancels clone wars on cartoon network, postpones star wars: Detours. Retrieved from http://www.wired.com/2013/03/disney-clone-wars-cancelled/
Patten, D. (2013a, March 11). ‘star wars’ on tv headed in “new direction”, disney and lucasfilm say; ‘clone wars’ ending on cartoon network. Retrieved from http://www.deadline.com/2013/03/star-wars-lucasfilm-disney-tv-new-direction-clone-wars-ending-on-cartoon-network/
Patten, D. (2013b, April 3). Lucasarts announces layoffs in video game division as it shutters production. Retrieved from http://www.deadline.com/2013/04/lucasarts-announces-layoffs-in-video-game-division-shutting-down-production/
Tyson, J. (2000, November 14). How industrial light and magic works. Retrieved from http://entertainment.howstuffworks.com/perfect-storm.htm

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