The Force is strong with this merger. Disney announced on Tuesday that he had purchased Lucasfilm for $4.05 billion in cast and stock shares. In conjunction with the news, Disney also revealed that plans for a seventh "Star Wars" film, "Star Wars: Episode VII," are in motion with eyes on theatrical release in 2015.
"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," Lucas, who directed four of the six "Star Wars" films, said in a statement. "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."
Echoed Disney chairman and chief executive officer Robert Iger, "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."
For more on the Disney acquisition of Lucasfilm, head over the Disney website.
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