Disney Buys Lucasfilm, New Star Wars Planned for 2015

The Walt Disney Company purchased Lucasfilm Ltd (which includes LucasArts, Industrial Light & Magic, and Skywalker Sound) from George Lucas for a cool $4.05 billion on Tuesday, Oct. 30. Along with the transaction came the announcement that Disney intends to release a new Star Wars film every two to three years, starting with Star Wars: Episode 7 in 2015.

“It's now time for me to pass Star Wars on to a new generation of filmmakers,” Lucas said in a statement. “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.”

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