Disney Buys Lucasfilm for $4.05 Billion—Star Wars Episode 7 Slated for 2015

Moneybox
A blog about business and economics.
Oct. 30 2012 4:18 PM

Disney Buys Lucasfilm for $4.05 Billion—Star Wars Episode 7 Slated for 2015

The Walt Disney Company announced today that it's agreed to pay $4.05 billion to buy George Lucas' Lucasfilm company and is planning to relase an Episode 7 of Star Wars hopefully in 2015.

That puts an interesting spin on Lucas' vows earlier this year to never make another Star Wars movie which at the time was generally interpreted as meaning there wouldn't be anymore Star Wars movies. It turns out that he meant something closer to the reverse—that he, personally, was interested in stepping away from the Star Wars industry and selling the company. Obviously part of the purpose of buying Lucasfilm is to buy the income stream from the existing properties and the possible future income from additional books, video games, and other expanded universe items. But the big ticket is that you can make more movies.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.

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