Disney Buying Lucasfilm; New Star Wars Movie In 2015

The Walt Disney Company announced today that they are acquiring Lucasfilm, Industrial Light & Magic, Skywalker Sound, and the rights to the Star Wars and Indiana Jones franchises.  The deal is worth $4.05 billion dollars and Star Wars creator George Lucas had this to say about the deal:

“For the past 35 years, one of my greatest pleasures has been to see Star Wars passed from one generation to the next,” said George Lucas, Chairman and Chief Executive Officer of Lucasfilm. “It’s now time for me to pass Star Wars on to a new generation of filmmakers. I’ve always believed that Star Wars could live beyond me, and I thought it was important to set up the transition during my lifetime. I’m confident that with Lucasfilm under the leadership of Kathleen Kennedy, and having a new home within the Disney organization, Star Wars will certainly live on and flourish for many generations to come. Disney’s reach and experience give Lucasfilm the opportunity to blaze new trails in film, television, interactive media, theme parks, live entertainment, and consumer products.” 

The deal also includes a new Star Wars film in 2015 expected to be Episode 7 and take place after 1983′s Star Wars Episode 6: Return Of The Jedi.  No further details were given on the film other than a series of future Star Wars films are planned.  Kathleen Kennedy, the current co-chairman of Lucasfilm, will become the division’s president and report to Walt Disney Studios Chairman Alan Horn. Lucas will be creative consultant on new “Star Wars” films.  The Lucasfilm acquisition follows their recent purchases of Pixar and Marvel Entertainment. Much more to come on this huge news story!