Posts Tagged ‘new star wars’

Star Wars Episode 7 Set For 2015: Lucasfilm Ltd. Sells to Disney for $4 Billion

Written by Michael Awada on . Posted in Business, Social Media

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Courtesy of Lucasfilm Ltd.

If you felt a disturbance in the force today, now you know why.

Two of the most iconic movie franchises in the world exchanged hands today when George Lucas, founder of Lucasfilm Limited, sold the company, along with the rights to both the Star Wars and Indiana Jones franchises to the Walt Disney Company for $4.05 Billion in cash and stock.

Star Wars diehards can take solace in the fact that George Lucas will remain onboard as a creative consultant, as well as the fact that the storyline for the new trilogy, Episode 7 and beyond, was actually drafted by Lucas himself.