The force is strong with Mickey Mouse.
In one of the most momentous entertainment industry acquisitions of the last 30 years, the Walt Disney Company announced on Tuesday that it is purchasing Lucasfilm in a stock and cash deal valued at $4.05 billion. The sale includes plans for Star Wars: Episode VII, which is in early development, aiming for release in 2015. Walt Disney chairman and CEO Bob Iger announced in a shareholder conference call that the studio also intending to release Episode VIII and Episode IX. “Our longterm plan is to release a new Star Wars feature film every two to three years,” he added, noting that the deal came with “an extensive and detailed treatment for the next three movies.” READ FULL STORY