CBS 11 Header TXA 21 Header MeTV Header KRLD Header The Fan Header
CBS DFW WEATHER APP: iPhone App Store | Android App Coming Soon | More Information

Disney Buying Lucasfilm For $4.05 Billion

From Our CBS Music Web Sites

625x352 thrill eng preview Disney Buying Lucasfilm For $4.05 BillionWin A Trip To Disneyland!

82641739 10 Disney Buying Lucasfilm For $4.05 BillionHottest Sunbathers Of The Summer

jennifer lopez 770 Disney Buying Lucasfilm For $4.05 BillionJennifer Lopez's Bathtub Selfie

 alt=The New Wonder Woman

 alt=Musicians Then And Now

Fantasy_tile

VOTE: Best Coaches In American Sports

LOS ANGELES (AP) – Disney is paying $4.05 billion to buy Lucasfilm Ltd., the production company behind “Star Wars,” from its chairman and founder, George Lucas. It’s also making a seventh movie in the “Star Wars” series.

The Walt Disney Co. announced the agreement to make the purchase in cash and stock Tuesday. Disney added that “Star Wars Episode 7” is scheduled for release in 2015.

The deal brings Lucasfilm under the Disney banner with other brands including Pixar, Marvel, ESPN and ABC.

Kathleen Kennedy, the current co-chairman of Lucasfilm, will become its president and report to Walt Disney Studios Chairman Alan Horn. Lucas will be creative consultant on new “Star Wars” films.

Lucas said in a statement, “It’s now time for me to pass ‘Star Wars’ on to a new generation of filmmakers.”

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Also Check Out: