retail news in context, analysis with attitude

by Kevin Coupe

It was exactly a week ago that MNB reported that the Walt Disney Co. is acquiring Lucasfilm from its founder, George Lucas, for more than $4 billion in cash and stock, with one goal to be to release a new "Star Wars" film in 2015, and henceforth add to the saga every two or three years.

But it is also worth noting that the Hollywood Reporter is reporting that Lucas will donate most of the money to an educational foundation that he has established.

"For 41 years, the majority of my time and money has been put into the company," Lucas said in a statement. "As I start a new chapter in my life, it is gratifying that I have the opportunity to devote more time and resources to philanthropy."

The story notes that Lucas previously made the following statement: "I am dedicating the majority of my wealth to improving education. It is the key to the survival of the human race. We have to plan for our collective future - and the first step begins with social, emotional and intellectual tools we provide to our children. As humans, our greatest tool for survival is our ability to think and to adapt - as educators, storytellers and communicators, our responsibility is to continue to do so."

Worth noting.
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