George Lucas has gotten even more richer, because Disney just bought his company Lucasfilm Ltd. for $4.05 Billion! Not only did they buy his company but they also announced a NEW “Star Wars” Movie.

George Lucas said in a statement that it is “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,” Lucas said. “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 trails in film, television, interactive media, theme parks, live entertainment, and consumer products.”

Kathleen Kennedy, now co-chairman of Lucasfilm, becomes president of the company, reporting to Disney Chairman Alan Horn. She’s also act brand manager for Star Wars. The announcement said she will serve as executive producer on new fils in the franchise, with Lucas as creative consultant. The announcement notes that Star Wars Episode 7 is scheduled for release in 2015, with more films expected to follow.

Does that mean Lucas won’t be part of the 7th episode? Of course not! Lucas will be a “creative consultant” on all new “Star Wars” films.

Personally I don’t really like the idea of Disney buying Lucasfilm Ltd. just so they can make some extra money of the “Star Wars” franchise but I am curious to see how it all turns out.

What’s your views on this?