DisneyLucasFilm 489x295 0 Disney to buy Lucasfilm and Lucasarts, will release new Star Wars movies

In a surprise move that has shocked the industry and fans alike, Disney has bought Lucasfilm and all of its sub-divisions, including gaming company Lucasarts, and plans to release a seventh Star Wars film in 2015, with at least two more to follow.

In a surprise move that has shocked the industry and fans alike, Disney has bought Lucasfilm and all of its sub-divisions, including gaming company Lucasarts, and plans to release a seventh Star Wars film in 2015, with at least two more to follow.

 
The stock and cash deal, worth a whopping $4.05 billion, effectively hands over the reins of the Star Wars universe from creator George Lucas to Disney, opening the way for a slew of new Star Wars productions.
 
Everything under the Lucasfilm name will now be under the Disney banner, including special effects and audio production firms Industrial Light & Magic and Skywalker Sound, and not to mention LucasArts, the studio that oversees dozens of Star Wars games, including the recent Star Wars The Old Republic MMO by BioWare. 
 
DisneyLucasFilm 489x295 0 Disney to buy Lucasfilm and Lucasarts, will release new Star Wars movies
 
Kathleen Kennedy, current Co-Chairman of Lucasfilm, will become President of Lucasfilm, answering to Alan Horn, Chairman of Walt Disney Studios. Disney said the present intent is for employees to remain in their current locations.
 
Perhaps the biggest revelation made during the deal is that Episode 7 is a reality, with a targeted release date of 2015. Lucas will serve as creative consultant, while Kennedy will serve as executive producer. This is only the first of several new films too, with Robert A. Iger, Chairman and CEO of Disney, promising Episodes 8 and 9 too, with even further plans to release more movies every two to three years.
 
Iger talked about “maximizing the value of our strategic acquisitions,” suggesting this is a franchise that will receive a lot of attention over the coming years, and likely not just on the big screen, given previous plans for a Star Wars live-action TV show.
 
“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 CEO 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.”