Disney Studios Buys Lucas Films, New Star Wars Movie Coming!

October 30, 2012 By:
Disney Studios Buys Lucas Films, New Star Wars Movie Coming!

Disney has gobbled up another childhood memory.

If Mickey Mouse and Chewbacca had Facebook their statuses would officially read “In a relationship.” George Lucas is apparently retiring from the game of making beloved movies, selling his production company to Disney.

A press release from the family filmmaking giant confirms the news. The final business exchange went down after the production company wrote a check to the filmmaking icon for the ungodly amount of $4.05 billion.

Yes, readers…Disney and Lucas have put a price tag – albeit a massive price tag – on your childhood fantasies of Luke Skywalker and Obi-Wan Kenobi. 

According to the announcement, along with the sale, Disney will move forward to produce Star Wars: Episode 7. Lucas will serve as “creative consultant" on the feature. The film is expected to hit theaters in 2015.

The move comes after the director has been adamant that Star Wars and him were never ever ever getting back together, famously telling the New York Times earlier this year, “Why would I make any more, when everybody yells at you all the time and says what a terrible person you are?”

Disney Chairman and Chief Executive Officer, Robert A. Iger has released the following statement on the sale: 

“Lucasfilm reflects the extraordinary passion, vision, and storytelling of its founder, George Lucas. This transaction combines a world-class portfolio of content including Star Wars, one of the greatest family entertainment franchises of all time, with Disney’s unique and unparalleled creativity across multiple platforms, businesses, and markets to generate sustained growth and drive significant long-term value.”