Two massive pieces of film news just hit the wires. The Walt Disney Company have acquired Lucasfilm for $4.05 billion in cash and stocks. Lucasfilm's current co-chair Kathleen Kennedy will become president of the company and will report to Alan Horn, the chair of Wast Disney Studios.
Disney have also announced that they will be releasing a new Star Wars movie in 2015. Lucasfilm's current Chairman and Chief Executive Officer Goeorge Lucas gave the following statement to explain the handover.
For the past 35 years, one of my greatest pleasures has been to seeStar Warspassed from one generation to the next.It?s now time for me to passStar Warson to a new generation of filmmakers. I?ve always believed thatStar Warscould 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 ofKathleen Kennedy, and having a new home within the Disney organization,Star Warswill certainly live on and flourish for many generations to come. Disney?s reach and experience give Lucasfilm the opportunity to blaze new trails in film, television, interactive media, theme parks, live entertainment, and consumer products.It's not clear how the new film will fit into "the saga" but I expect another backtrack and the "Oh, I planned nine all along" story to get pretty old, pretty quick.