disney buys lucasfilm for $4 billion

The Walt Disney Co. has acquired Lucasfilm for $4.05 billion in cash and stock and announced a new Star Wars movie to be released in 2015.

Kathleen Kennedy, current co-chair of Lucasfilm, will become Lucasfilm's president, reporting to Walt Disney Studios chair Alan Horn as part of the stock and cash transaction. Disney is paying approximately half the price in cash and will issue 40 million shares of stock, the company said Tuesday in a statement.

Kennedy will serve as executive producer on new Star Wars feature films, with the franchise's creator and Lucasfilm founder George Lucas, 68, serving as creative consultant. There are plans to release a new Star Wars film every two or three years.

more at the hollywood reporter.

more info over here

there's even going to be a series on disney XD. i wonder if it will be animated?


cross-posted to geekgirls