Disney Acquires Lucasfilm; New Star Wars Trilogy to Begin in 2015

Posted Tuesday October 30, 2012 5:47 PM GMT

In a huge $4.05 billion purchase, The Walt Disney Company has announced that it will be acquiring Lucasfilm and is planning to release Star Wars Episode 7 in 2015.

The new movie will be the first of a new trilogy, with a new film coming out every other year. According to CEO of Disney, Robert A. Iger, "Lucasfilm reflects the extraordinary passion, vision, and storytelling of its founder, George Lucas. This transaction combines a world-class portfolio of content including Star Wars, one of the greatest family entertainment franchises of all time, with Disney's unique and unparalleled creativity across multiple platforms, businesses, and markets to generate sustained growth and drive significant long-term value."

As for Star Wars' creator George Lucas, he admits, "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."

The acquisition of Lucasfilm follows Disney's recent successful purchases of Pixar and Marvel.

Photo Credit: StarWars.com