CBS62logoNEW2013_blue_final_header_White wwj950-sm2011b 971-ticket-35smb 35h_CBSSportsRad_Detroit

Local

Disney Buys Lucasfilm, Will Release New ‘Star Wars’ Movie

View Comments
(credit: Kevin Winter/Getty Images)

(credit: Kevin Winter/Getty Images)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

DETROIT (CBS Detroit) What does a Disney version of “Star Wars” look like? You’ll soon find out.

Fans of the classic hit were stunned at the news Tuesday that Disney bought Lucasfilm from “Star Wars” creator George Lucas, according to Detroit-based website Benzinga.

The transaction value is $4.05 billion, the website said, with Disney paying approximately half in cash and buying the rest in stock.

The bottom line: Disney owns the Lucas brand, including the original and prequel versions of “Star Wars.”

And they’re making the next installment in the series. Disney added that “Star Wars Episode 7″ is scheduled for release in 2015, with new movies scheduled to be released every two years after that.

What will happen to the brand? Here’s a hint.

“This transaction combines a world-class portfolio of content including Star Wars, one of the greatest family entertainment franchises of all time, with Disney’s unique and unparalleled creativity across multiple platforms, businesses, and markets to generate sustained growth and drive significant long-term value,” Robert A. Iger, chairman and CEO of The Walt Disney Company, said to benzinga.com.

For his part, Lucas released a statement saying the purchase will allow “Star Wars” to “flourish for many generations to come.”

He added: “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.”

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 1,911 other followers