Wednesday, 31 October 2012

Disney Buys Lucasfilm for $4.05 Billion

The big news for geeks this morning is the acquisition of Lucasfilm Ltd. by the Disney Corporation. George Lucas signed over the rights to all Lucas properties yesterday, including the money making Star Wars franchise. Lucas, who announced his retirement in June has given the deal his greatest confidence, "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."

Even more mind boggling, Disney CEO Bob Iger announced plans to release a new Star Wars film every two to three years, beginning with Star Wars: Episode VII in 2015. "We have a pretty extensive treatment of the next three movies," Iger told a conference call of analysts and journalists late Tuesday afternoon. No director or stars have been announced.

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