George Lucas sells STAR WARS to Disney
George Lucas has sold Lucasfilm and its properties, including Star Wars , to the Walt Disney Corporation for a whopping $4 billion . Lucas has issued a statement saying he belives it is time to sell the franchise to a new generation of young film-makers. So long and thanks for all the Sith. "For the past 35 years, one of my greatest pleasures has been to see Star Wars passed from one generation to the next,” said George Lucas, Chairman and Chief Executive Officer of Lucasfilm. “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. I'm confident that with Lucasfilm under the leadership of Kathleen Kennedy, and having a new home within the Disney organization, Star Wars will certainly live on and flourish for many generations to come. Disney's reach and experience give Lucasfilm the opportunity to blaze new trai...