Disney pays $2.52 bn for Lucasfilm
on 30/10/2012 20:16:07
It is also making a seventh film in the Star Wars series.
The Walt Disney Co announced the agreement to make the purchase in cash and stock today. 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 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."