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Disney to buy Lucasfilm in proposed $4 billion deal

Forbes is reporting that Walt Disney announced a deal to buy George Lucas’ Lucasfilm for $4.05 billion in stock and cash.

Lucas said in a statement that it is “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 said. “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.”

The announcement said she will serve as executive producer on new films in the franchise, with Lucas as creative consultant. The announcement notes that Star Wars Episode 7 is scheduled for release in 2015, with more films expected to follow.

Posted by Corax for Roqoo Depot