Lucas Selling Star Wars to Disney, Episode 7 in 2015

By Scott Sarvay

October 30, 2012 Updated Oct 31, 2012 at 11:44 AM EST

Los Angles (www.incnow.tv) - The Walt Disney Company has just announced its plans to purchase Lucasfilm Ltd from George Lucas. If that wasn’t big enough news, Star Wars: Episode 7 will then be released sometime during 2015.

Lucas is expected to make half of the $4.05 billion deal plus 40 million stock shares.

Lucas himself will stay on as creative consultant for the new Star Wars films, with Kennedy serving as executive producer.

Industrial Light & Magic and Skywalker Sound are reportedly included in the transaction.

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