NBC15 WMTV | Madison, WI | News, Weather, Sports

Disney Buying Lucasfilm for $4.05 Billion, 'Star Wars 7' On the Way

Posted October 30, 2012 --- 3:38 p.m.

LOS ANGELES (AP) -- Disney is paying $4.05 billion to buy Lucasfilm Ltd., the production company behind "Star Wars," from its chairman and founder, George Lucas. It's also making a seventh movie in the "Star Wars" series.

The Walt Disney Co. announced the agreement to make the purchase in cash and stock Tuesday. Disney added that "Star Wars Episode 7" is scheduled for release in 2015.

The deal brings Lucasfilm under the Disney banner with other brands including Pixar, Marvel, ESPN and ABC.

Kathleen Kennedy, the current co-chairman of Lucasfilm, will become its president and report to Walt Disney Studios Chairman Alan Horn. Lucas will be creative consultant on new "Star Wars" films.

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

Copyright 2012. The Associated Press.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
NBC15 615 Forward Drive Madison, Wisconsin 53711 Business: 608-274-1515 Newsroom: 608-274-1500
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 176480151 - nbc15.com/a?a=176480151