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Disney Buys Lucasfilm, Announces New Star Wars Film

By October 30, 2012

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George LucasExpect to see more Star Wars characters walking around Disneyland as Disney has just snatched up Lucasfilm Ltd. Walt Disney Company purchased the studio from owner George Lucas, the creator of the blockbuster Star Wars franchise, for $4.05 billion dollars.

Much more importantly to Star Wars fans, the press release announcing the acquisition also stated there will be a seventh Star Wars movie coming in 2015! Disney also indicated the Star Wars film franchise will continue past Star Wars: Episode 7.

Says Lucas: "For the past 35 years, one of my greatest pleasures has been to see Star Wars passed from one generation to the next. 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 Disney/Lucasfilm deal also includes Lucasfilm Ltd., LucasArts, Industrial Light & Magic, and Skywalker Sound. According to the press statement, Lucasfilm employees will not be losing their jobs due to the transaction. And Co-Chairman of Lucasfilm Kathleen Kennedy will move up to President of Lucasfilm, "reporting to Walt Disney Studios Chairman Alan Horn." As part of her new position, she'll be in charge of managing the Star Wars brand.

In case you're keeping track, Disney now owns Marvel, Pixar, ESPN, ABC, and Lucasfilm.

(Photo © Lucasfilm Ltd)

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