Disney has bought Lucasfilms for $4.05 BILLION and promises new Star Wars movies every 2-3 years. The purchase includes Lucasfilm companies Industrial Light and Magic and Skywalker Sound as well as the rights to the Indiana Jones franchise, video games, and other properties.
The surprising part is George Lucas will only serve as a consultant, and (thankfully!) will not write or direct any of the future projects.
“For the past 35 years, one of my greatest pleasures has been to see Star Wars passed from one generation to the next,” said Lucas, chairman and CEO of Lucasfilm Ltd. “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.
The first films to come out of this deal will be Lucas’ previously envisioned 3rd saga, episodes 7, 8 and 9, which take place after Revenge of the Jedi with the building of the New Republic. Episode 7 is set for release in 2015 with the others to follow every 2-3 years.
Depending on the filmmakers who will come on board for the Star Wars saga, this could be a good thing, possibly revitalizing the franchise after the lack-luster Episodes 1-3 Lucas wrote and directed himself. Kathleen Kennedy, Lucas’ production partner on a lot of the films, will become the president of the new Disney Lucasfilm projects.