Disney will make a seventh Star Wars movie after it acquired LucasFilm for $4.05 billion in cash and stock Tuesday.
Star Wars Episode 7 -- something George Lucas was reluctant to produce personally -- is slated for a 2015 release.
Disney now has full control over all of LucasFilm's properties.
"It's now time for me to pass Star Wars on to a new generation of filmmakers," Lucas said in a statement, who now becomes a significant shareholder in Disney.
"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.
"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."
LucasFilm joins other Disney assets including Pixar, Marvel, ABC (America) and ESPN.
By Ben Salter