FigmentJedi
Well-Known Member
Not Gertie!
-
Welcome to the WDWMAGIC.COM Forums!
Please take a look around, and feel free to sign up and join the community.
Disney to Reveal Ambitious Star Wars Plans
- Thread starter BuddyThomas
- Start date
CaptainAmerica
Premium Member
I get your point, but until Disney actually made an offer to purchases LucasFilm, how would you go about estimating its FMV? Yes, it was an asset to Lucas but how would you have measured it?
Dr: Cash $4M
Cr: LucasFilm, LLC $???M
Cr: Gain on sale $4M
Valuation specialists estimate the fair value of things that are illiquid, unique, rare, and special all the time. I personally can't do it, but I know lots of people who can and do.
imagineer boy
Well-Known Member
That's what I fear. I'm VERY fond of toon town in DL and will be heartbroken if it's demolished. Not a huge fan of Indy show but I would much rather get a DL style Indy attraction in it's spot rather than more Star Wars.
CaptainAmerica
Premium Member
Understood, but I think the post you were criticizing was written by a lay individual for a lay audience. Yes, technically when you create an asset from scratch, your net worth increases gradually over time as the asset appreciates, but I don't see the harm in referencing that date of sale as the date on which you recognize those returns in casual conversation.
I follow, but I do see the harm.
CaptainAmerica
Premium Member
Financial illiteracy among the masses?
Something like that. Gives those of us who don't have that affliction an advantage in some cases, but it still makes me cringe.
CinematicFusion
Well-Known Member
I'll look at the quote again. It was my understanding he already had billions in the bank...and then sold Lucas film for 4 billion.
From CNBC back in 2012:
"Even before Disney showered him with the mother of all liquidity events, George Lucas was a very wealthy man.
According to Wealth-X, Star Wars creator George Lucas had about $1.4 billion in cash, investments and other assets before the deal. That didn't include the value of his private companies, which included LucasFilm.
As first reported by CNBC's Julia Boorstin, Disney is paying $4 billion for LucasFilm and its related companies. Fully $2 billion of that will be in stock and $2 billion will be in cash. Since George Lucas never sold stakes in his companies and never took venture capital money, he gets the whole check.
The deal will bring his net worth to $5.2 billion after taxes, according to Wealth-X."
So yeah the quote was off some compared to the CNBC article but he did already have 1.4 in cash before the sale. Not bad.
Last edited:
PorterRedkey
Well-Known Member
Here is an article that talks about the demolition of the Echo Lake area in DHS for the Star Wars expansion.
http://*****.com/blog/2015/02/rumor...-dockside-diner-at-hollywood-studios-history/
From the article:
"Rumors are swirling that the Echo Lake area may close to be demolished by March 2015. This would include the actual lake, Gertie the Dinosaur, and Min & Bill’s Dockside Diner, all opening day features of the Disney-MGM Studios."
This is similar, if not exactly, what Jim Hill has reported on a "pay what you want" Disney Dish podcast. Jim said that walls will go up around Echo Lake soon after the BAH demolition is completed. He also said that there should be Star Wars expansion concept art up on the construction walls in time for the Star Wars weekends.
If his timeline is right, then it seems that the Star Wars celebration in Anaheim this April would be a good time to announce the additions.
**Edited for clarity
http://*****.com/blog/2015/02/rumor...-dockside-diner-at-hollywood-studios-history/
From the article:
"Rumors are swirling that the Echo Lake area may close to be demolished by March 2015. This would include the actual lake, Gertie the Dinosaur, and Min & Bill’s Dockside Diner, all opening day features of the Disney-MGM Studios."
This is similar, if not exactly, what Jim Hill has reported on a "pay what you want" Disney Dish podcast. Jim said that walls will go up around Echo Lake soon after the BAH demolition is completed. He also said that there should be Star Wars expansion concept art up on the construction walls in time for the Star Wars weekends.
If his timeline is right, then it seems that the Star Wars celebration in Anaheim this April would be a good time to announce the additions.
**Edited for clarity
Last edited:
Kman101
Well-Known Member
Ugh. Why on earth would they do that to Echo Lake and that area? Just ticks me off honestly. Let's get back the great view down Hollywood Blvd but let's cement over the lake and get rid of Gertie and the boat. Wonderful idea.
They have so much other room for this stuff.
And people really wonder why so many of us are critical?
They have so much other room for this stuff.
And people really wonder why so many of us are critical?
Would be hilarious though.
"Yeah, I mean really cheap and half assed. We're talking X-Wing, Tie Fighter spinner because we're still cutting edge in spinner tech and maybe a Chewbaca meet and greet. We know kids love big costumed dogs. Also, a cantina hot dog stand is in the works. I'd say we'll have it done by March, 2021."
I believe he said incredibly vague almost completely fact free Variety article in 9 months.
Increased liquidity correct, if we assume Disney didn't way overpay for SW?
Should've read more before posting. Of course, this post is now a throwaway post. I'll throw in a completely made up rumor - There will be a dance club in a full scale model of the Millenium Falcon. Little laser blasting trainer orbs will be used to create a disco effect.
wdwfan4ver
Well-Known Member
There goes my old memories getting something from Gertie the Dinosaur back in the 1990's. I not shocked about that site mentioning the closing of Echo Lake though. I read about the closing of echo lake last year by one of the insiders on this forum. I actually expected this before Indiana Jones Epic Stunt Spectacular closes.
Disneyhead'71
Well-Known Member
2016 looks like a great year to go to, oh, just about anywhere instead of DHS.
Nemo14
Well-Known Member
I can't wait!