Disney to Buy Lucasfilm for $4.05 Billion

    BIG NEWS…  Kathleen Kennedy, current co-chair of Lucasfilm, will become Lucasfilm’s president, reporting to Walt Disney Studios chair Alan Horn as part of stock and cash transaction.  The Walt Disney Company has acquired Lucasfilm for $4.05 billion in cash and stock, and announced a new Star Wars movie to be released in 2015. 

    UPDATED: 20:38… Lucas said in a statement that it is “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,” Lucas said. “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 includes not only Star Wars but also other businesses operated by Lucasfilm, including  LucasArts, Industrial Light & Magic, and Skywalker Sound. Disney said the current plan is for Lucasfilm employees to remain in their current locations.

    Episode 7 will be released in 2015 followed by episodes 8 and 9 two/three years after each other.  Further Star Wars films will follow every two/three years!

    SOURCEHollywood Reporter
    James is an active member of the Star Wars collecting community, and is the Brand Director for Jedi News. James is also the host of the Star Wars Collectors Cast, and co-host of RADIO 1138 on the Jedi News Network.