Disney To Make Multi Billion Lucasfilm Purchase!

There just seems to be no stopping the animated production juggernaut that is Disney. Not so long ago, they merged together with the studio of comicbook giant Marvel. Now in a remarkable turn of events, they have officially announced they will be buying director George Lucas’ studio Lucasfilm.

In a deal that will be in the excess of $4.05 billion dollars in cash and stock, the move will prompt new installments of a much beloved sci-fi franchise. Of course, we’re talking about Star Wars. The prequels may not have received much praise, but Episode 7 has already been set a tentative release date of 2015 with Disney planning to produce a new entry every 2-3 years.

Remaining on board with the franchise as a creative consultant, Lucas stated:

‘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.’

In more reshuffles, Kathleen Kennedy who is the current co-chair of Lucasfilm, will make the step up to President and report to Walt Disney Studios chair Alan Horn in relation to the cash and stock transaction.