Disney buys Star Wars license

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Luke Skywalker (Mark Hamill), Princess Leia (Carrie Fisher) and Han Solo (Harrison Ford) escape from the Death Star in “Star Wars: Episode IV A New Hope.”

From the “really big news of 2012” department, Walt Disney Company – not content with “Marvel’s The Avengers” becoming the third highest grossing movie of all time – announced in a release today that it is purchasing Lucasfilm in a deal estimated at $4 billion.

Even bigger is the announcement that this deal also includes “Star Wars: Episode VII” set for release in 2015 and more movies in the future.

“For the past 35 years, one of my greatest pleasures has been to see Star Wars passed from one generation to the next,” said Star Wars creator and Lucasfilm CEO George Lucas in a statement according to EW.com. “It’s now time for me to pass Star Wars on to a new generation of filmmakers. I’ve always believed that Star Wars could live beyond me, and I thought it was important to set up the transition during my lifetime.”

That’s easily the week’s biggest news for me. It’ll be very interesting to see how this develops.

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