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Disney is paying $4.05 billion to buy Lucasfilm Ltd., the production company behind "Star Wars," from its chairman and founder, George Lucas. It's also making a seventh movie in the "Star Wars" series.

The Walt Disney Co. announced the agreement to make the purchase in cash and stock Tuesday. Disney added that "Star Wars Episode 7" is scheduled for release in 2015.

The deal brings Lucasfilm under the Disney banner with other brands including Pixar, Marvel, ESPN and ABC.

Kathleen Kennedy, the current co-chairman of Lucasfilm, will become its president and report to Walt Disney Studios Chairman Alan Horn. Lucas will be creative consultant on new "Star Wars" films.

Lucas said in a statement, "It's now time for me to pass `Star Wars' on to a new generation of filmmakers."

Read more:


"Disney Buys Lucasfilm For $4 Billion! STAR WARS EPISODE VII Scheduled For 2015 Release!
Published at:  Oct 30, 2012 3:23:33 PM CDT

In a move that's sure to spawn a good deal of polite and substantial discourse on these here internets, Disney has announced that it has purchased Lucasfilm for $4.05 billion and stock. Kathleen Kennedy will be promoted to President of Lucasfilm, and will report to current Disney chair Alan Horn.

And then there's this: the studio is targeting 2015 for the release of a seventh STAR WARS film."

Good or bad news?

To be fair, Disney bought Marvel 3 or 4 years ago and have completely revitalised every single property of theirs that they've produced as a motion picture.

LOL...2 threads at almost the exact moment. Oh well...delete mine.

Brian Blessed:
Good. And any new film will be better than the PT.


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