Disney Buys Lucasfilm & Plans 'Star Wars' Episode 7

Walt Disney Co. has agreed to pay $4.05 billion to acquire the company that controls the blockbuster "Star Wars" franchise — allowing Disney to exploit the brand through film, television, consumer products and theme parks.

With the purchase of Lucasfilm Ltd., Disney plans to churn out new "Star Wars" movies every two or three years beginning in 2015 with "Star Wars Episode 7. (LA Times)