Time Warner division Turner has secured the cable rights to Disney's collection of Star Wars films.
According to Variety, Turner signed a deal with Disney that industry sources estimate to be no less than $250 million. This partnership grants Turner the basic cable rights to 10 Star Wars films (four of which are still on the horizon), with a separate agreement being made with 20th Century Fox for the original film, A New Hope.
In addition to Turner, USA Network and FX Networks were also in contention for the deal with Disney.
The terms of the deal grant Turner a license that runs through at least 2022, incorporating the four yet-to-be released Star Wars films that are part of the package. Star Wars: The Force Awakens, which was released to record-breaking numbers last year, reportedly boasted a licensing fee of somewhere between $35 million and $40 million. The four films still on the horizon, including Rogue One and Episode VIII, are said to have each been priced similarly.
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According to Variety, Turner signed a deal with Disney that industry sources estimate to be no less than $250 million. This partnership grants Turner the basic cable rights to 10 Star Wars films (four of which are still on the horizon), with a separate agreement being made with 20th Century Fox for the original film, A New Hope.
In addition to Turner, USA Network and FX Networks were also in contention for the deal with Disney.
The terms of the deal grant Turner a license that runs through at least 2022, incorporating the four yet-to-be released Star Wars films that are part of the package. Star Wars: The Force Awakens, which was released to record-breaking numbers last year, reportedly boasted a licensing fee of somewhere between $35 million and $40 million. The four films still on the horizon, including Rogue One and Episode VIII, are said to have each been priced similarly.
Continue reading…
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