Disney Acquires Lucasfilm for $4 Billion

If George Lucas was not rich enough, he sure is now.

The Walt Disney Company has announced that it is acquiring Lucasfilm Ltd, which is currently 100-percent-owned by the Star Wars creator, for $4.05 billion in cash and stocks. The deal will include the rights for both Star Wars and Indiana Jones film franchises, as well as other Lucasfilm properties like Industrial Light & Magic and Skywalker Sound.

Disney also announces that “Star Wars: Episode 7” is being laid out, with a target release in 2015. The media giant (whose portfolio also includes ESPN, Pixar, Marvel, and ABC) also plans on releasing a “new Star Wars feature film every two to three years.”

An investor conference call will be held tomorrow (October 31st).

Source: The Walt Disney Company, via Engadget

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