Disney Buys Lucasfilm for $4 Billion

On Tuesday afternoon, George Lucas and Disney announced that, for a price of a little over four billion dollars, Disney had bought all of Lucasfilm.

As part of this Disney has already promised that Star Wars: Episode VII will come out in 2015, with VIII and IX to follow.

Lucas will be a creative consultant for the third trilogy.

The Creator stated, "It's now time for me to pass Star Wars on to a new generation of filmmakers. I've always believed that Star Wars could live beyond me, and I thought it was important to set up the transition during my lifetime."

Under the purchase, Disney also gets Industrial Light & Magic, and Skywalker Sound, and the Indiana Jones franchise.

The purchase was made with cash and stock.

Markets being closed, due to the superstorm Sandy, kept the immediate reaction from being known, but expectations are for there to be a visible jump in their value.