Disney buys firm behind Star Wars

October 31, 2012 02:54

Disney is buying Lucasfilm, the company behind the Star Wars films, from its chairman and founder George Lucas for $4.05bn (2.5bn).

Lucas said: "It's now time for me to pass Star Wars on to a new generation of film-makers."

In a statement announcing the purchase, Disney said it planned to release a new Star Wars film, episode seven, in 2015.

That will be followed by episodes eight and nine and then one new movie every two or three years, the company said.

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