A blockbuster deal coming from the Walt Disney Co. as the media giant announces it's buying the production company behind the "Star Wars"franchise for $4.05 billion and planning a new trilogy in the series.
In making the announcement Disney said the seventh movie, with a working title of "Episode 7," is set for release in 2015, Episode 8 and 9 will follow. The new trilogy will reportedly carry the story of Luke Skywalker, Han Solo and Princess Leia beyond "Return of the Jedi," the third film released. After that, Disney says it plans a new "Star Wars" movie every two or three years.
George Lucas said in a statement, "It's now time for me to pass 'Star Wars' on to a new generation of filmmakers. He'll serve as creative consultant for the new movies.
The deal brings Lucasfilm under the Disney banner with other brands including Pixar, Marvel, ESPN and ABC, all companies that Disney has acquired over the years.
The Associated Press contributed to this report.