In a blockbuster deal just announced, Disney will acquire LucasFilm for $4.05 billion in cash and stock. Kathleen Kennedy, currently the co-chair of LucasFilm, will become the President and report to Walt Disney Studios chief Alan Horn.
The deal appears to be in line with George Lucas announcing earlier this year that he wanted to step away from LucasFilm and go back to “hobby movies”. Lucas said as part of the announcement, “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. 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.”
It is also being reported that there will be a new Star Wars film, to be released in 2015! No details, and it seems a little soon for something no one has heard of yet, but George Lucas has been mulling various ideas for a while…
Here is video of Bob Iger announcing the acquisition, courtesy of DisneyPost: