Thursday, November 01, 2012

GOOD FOR HIM: Disney Deal: George Lucas Will Use $4 Billion to Fund Education - Hollywood Reporter

By the end of the year, the $4.05 billion sale of Lucasfilm to Disney should be finalized. And since George Lucas owns 100 percent of his company - which has little to no debt - all that money goes to him.

After that, Lucas plans to quickly put the bulk of the money into a foundation which will primarily focus on educational issues, a spokesperson for Lucasfilm tells THR.