On Tuesday afternoon, the Walt Disney Company announced in a press release shortly before its investor call that it would acquire 100 percent of LucasFilm LTD for $4.05 billion, in cash and stock. In the press release, Disney also said it would invest in a new film, Star Wars Episode 7, which would be released in 2015, "with more feature films expected to continue the Star Wars saga and grow the franchise well into the future."
Disney will surely find many other ways to cash in on the beloved trilogy (and the less-beloved but still respected trilogy of prequels). "We also expect to utilize Star Wars in other businesses including Parks & Resorts, in games and in our television business. These initiatives were also considered in our valuation," Disney's press release said.
Disney's acquisition includes all the ventures of LucasFilm LTD, including the special effects powerhouse Industrial Light and Magic, as well as LucasArts and Skywalker Sound. "The present intent is for LucasFilm employees to remain in their current locations," Disney said.
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