Disney acquisition of Lucasfilm a big win for ‘Star Wars’ fans

So excited to hear that Walt Disney Co. is acquiring Lucasfilm Ltd, including the “Star Wars” franchise.

The $4.05 billion stock and cash deal means another “Star Wars” trilogy is on the way, with “Episode 7″ expected to hit theaters in 2015.

“For the past 35 years, one of my greatest pleasures has been to see ’Star Wars’ passed from one generation to the next. It’s now time for me to pass ‘Star Wars’ on to a new generation of filmmakers,” George Lucas, chairman and CEO of Lucasfilm, said in a news release.

Kathleen Kennedy, current co-chairman of Lucasfilm, will become president of Lucasfilm, reporting to Walt Disney Studios Chairman Alan Horn.

“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,” Lucas said.

It’s the third major purchase for Disney under the leadership of Bob Iger, who made sealing a deal with Pixar his first order of business when he was named chairman and CEO of The Walt Disney Co. in 2005. A couple of years ago, Disney acquired the rights to Marvel Entertainment.

“Lucasfilm reflects the extraordinary passion, vision, and storytelling of its founder, George Lucas,” Iger said in a news release. “This transaction combines a world-class portfolio of content including ‘Star Wars,’ one of the greatest family entertainment franchises of all time, with Disney’s unique and unparalleled creativity across multiple platforms, businesses, and markets to generate sustained growth and drive significant long-term value.”