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Episode 7 of 'Star Wars' announced as Disney acquires Lucasfilm for $4B.

A decade since George Lucas said "Star Wars" was finished on the big screen, a new trilogy under new ownership is destined for theaters after The Walt Disney Co. announced Tuesday that it would buy Lucasfilm Ltd. from him for $4.05 billion. The seventh movie, with a working title of "Episode 7," is set for release in 2015. Episodes 8 and 9 will follow. The trilogy will continue the story of Luke Skywalker, Han Solo and Princess Leia beyond "Return of the Jedi," the third film released and the sixth in the saga. After that, Disney plans a new "Star Wars" movie every two or three years. Lucas will serve as creative consultant in the new movies. "I'm doing this so that the films will have a longer life," Lucas, the 68-year-old creator of the series and sole owner of Lucasfilm, said in an interview posted on YouTube. "I get to be a fan now ... I sort of look forward to it. It's a lot more fun actually, than actually having to go out into the mud and snow." Disney CEO Bob Iger said Lucasfilm had already developed an extensive storyline on the next trilogy, and Episode 7 was now in early-stage development. He said he talked with Lucas about buying the company from him a year and a half ago, but they didn't decide on a deal until very recently as Lucas set in motion his retirement. "The last 'Star Wars' movie release was 2005's 'Revenge of the Sith' and we believe there's substantial pent-up demand," Iger said. The blockbuster deal announced Tuesday will see Disney pay half the acquisition price in cash and half in newly issued stock. The company expects it to add to earnings in 2015 and said that as an example of its earnings power, Lucasfilm made $550 million in operating income the year "Sith" came out. Along with the cash, Lucas will end up owning about 40 million Disney shares, which is about 2.2 percent of the 1.83 billion shares that will be in circulation when the transaction closes. Disney did not say when that would happen. The deal includes Lucasfilm's prized high-tech production companies, Industrial Light & Magic and Skywalker Sound, as well as rights to the "Indiana Jones" franchise. Lucasfilm will continue to be headquartered in San Francisco's Presidio park, and employees are to remain in their current locations. Disney has its headquarters in Burbank, Calif., near Los Angeles. The deal brings Lucasfilm under the Disney banner with other brands including Pixar, the Muppets, Marvel, ESPN and ABC, all companies that Disney has acquired over the years. Coincidentally, Lucas created Pixar as a division of Lucasfilm to develop computerized filmmaking techniques before he sold it to Apple's Steve Jobs, who later sold it to Disney. Twitter went wild with the news as fans speculated on mash-up titles for future movies, using the hashtag "DisneyStarWars." Among the amusing attempts were "When You Wish Upon a Death Star" and "Bambi Wan Kenobi." ''Star Wars," ''LucasArts," ''Disney," and "Indiana Jones" were all trending topics on Twitter after the deal was announced late Tuesday afternoon. Fan club co-founder Ming Pan, a graphic designer in San Francisco, said he was glad audiences would get another "Star Wars" movie but worried whether the franchise would thrive after Lucas passes the torch. "It's something that I thought may happen down the line, but I just didn't expect it to happen while Lucas was still alive because he has always expressed such a tight control over the 'Star Wars' license," Pan said. Lucas was hailed as a cinematic visionary when the original "Star Wars" came out in 1977. But he had become an object of often-vicious ridicule by the time he started releasing 3-D versions of all six films in the franchise this year. Die-hard fans had been vilifying Lucas for years, convinced that he had become a commercial sell-out and had compounded his sins by desecrating the heroic tale that he originally sought to tell. They railed against him for adding grating characters such as Jar Jar Binks to the prequel trilogy, which Lucas directed and which came out from 1999 to 2005. They attacked him for tinkering with the original trilogy that spanned 1977 to 1983, too. Revisions in special editions and home video releases such as making the Ewoks blink and having a green-skinned alien named Greedo take the first shot at Han Solo in a famous bar scene were treated as blasphemy. The criticism grated on Lucas, who vowed never to make another "Star Wars" movie. "Why would I make any more when everybody yells at you all the time and says what a terrible person you are?" Lucas told The New York Times earlier this year. "Indiana Jones and the Kingdom of the Crystal Skull," the fourth film in another lucrative franchise, subjected Lucas to even more barbs when it came to theaters in 2008. Fans of those films were especially outraged about an opening scene that featured Indiana Jones crawling into a lead-lined refrigerator to survive a nuclear bomb blast. Lucas was fed up by the time he released "Red Tails," a movie depicting the valor of African-American pilots during World War II, earlier this year. He told the Times he was ready to retire from the business of making blockbusters and return to his roots as a student at University of Southern California's film school, where he once made a movie about clouds moving in a desert. Kathleen Kennedy, the current co-chairman of Lucasfilm, will become the division's president at Disney and report to Walt Disney Studios Chairman Alan Horn. She will serve as executive producer for the new movies. Directors for the new movies have not yet been announced. The movies are destined to be live action, not animated, Iger said. In the YouTube video, Lucas said the decision to continue with the saga didn't contradict past statements. "I always said I wasn't going to do any more and that's true, because I'm not going to do any more, but that doesn't mean I'm unwilling to turn it over to Kathy to do more," Lucas said. He said he has given Kennedy his storylines and other ideas, "and I have complete confidence that she's going to take them and make great movies." Kennedy added that she and Lucas had discussed ideas with a couple of writers about the future movies and said Lucas would continue to have a key advisory role. "My Yoda has to be there," she said. The scope of the "Star Wars" universe is staggering with hundreds of books, comics and other storylines that Lucasfilm has approved. In May 1991, author Timothy Zahn's "Heir to the Empire" took up the story of Luke, Leia and Han five years after the events in "Return of The Jedi," which hit theaters in 1983. The characters go on to fight remnants of the evil Empire, marry, have children and battle a new crop of Force-powered enemies. Season 5 of the animated series "Star Wars: The Clone Wars" is currently airing on Cartoon Network. To date, the "Star Wars" movies have grossed $4.4 billion, and even years after the last film, the franchise continues to make money from merchandising. Disney's chief financial officer, Jay Rasulo, said that this year alone, "Star Wars" is on track to generate $215 million in licensing revenue. He added that, adjusting for inflation, the latest three releases in theaters would have generated $1.5 billion each at the box office today. Disney plans to make movies, games and TV shows and expand on "Star Wars" theme park attractions that are already present in parks in Anaheim, Calif., Orlando, Fla., Paris and Tokyo. Disney chief executive Iger, a former weatherman who rose through the ranks of ABC, has orchestrated some of the company's biggest acquisitions, including the $7.4 billion purchase of animated movie studio Pixar in 2006 and the $4.2 billion acquisition of comic book giant Marvel in 2009. Jobs bought Pixar from Lucasfilm in 1986 for about $5 million and later sold it to Disney. When that happened, Jobs became Disney's largest single shareholder with a 7.7 percent stake. Those shares are now held in a trust. Disney shares were not trading with stock markets closed due to the impact of Superstorm Sandy in New York. They closed on Friday at $50.08, near its 52-week high of $53.40. Shares are up 34 percent so far this year.

Got Assassin's Creed III Today.

 i got the game today but i have not had a chance t play the game.     i also got Uncharted Drake's Fortune last week for the PS3, Lego Harry Potter 5-7 for the PS3 and Final Fantasy Tactics for the PSOne. got all 3 games for my Birthday last Thursday. i also got The Walking Dead Volume 1 TPB.

Iorn Man 3 Trailer First Impressions.

Iron Man 3 Trailer is out and i am impressed. Iron Man finally gets one of the best Villains ever. Mandarian. even better is the fact that Ben Kinsley is playing him and we get to see the Iron patriot outfit used in Dark Avengers. i can't wait to see it in April of next year. watch it and post your replies here.

IGN Up For Auction.

IGN could be going up for auction, according to a report from the Wall Street Journal. IGN could be going up for auction. IGN could be going up for auction. The paper reported that News Corp. is working with investment bank Allen & Co. on an auction to sell IGN's network of video game and entertainment sites, following a year of failed efforts to produce a sales deal. According to the report, News Corp. publicly stated its intention to sell IGN Entertainment after news that it was preparing to restructure its internal publishing and journalism assets, separating them from its media and entertainment businesses. News Corp. bought IGN in 2005 for a price tag of $650 million (a deal that also included other sites, such as GameSpy.com and TeamXbox.com), but now hopes to sell the network of video game and entertainment sites for around $100 million. According to the report, Break Media and SAY Media are among potential buyers for IGN, although sources close to News Corp. told the paper that other potential bidders could include private equity funds. Sales negotiations were affected by turnover at both IGN and News Corp., with the departure of IGN chief executive Roy Bahat in August, and the resignation of News Corp.'s chief digital officer, Jon Miller. honestly i would love to see CBS Interactive, the company that owns Gamespot, Gamefaqs, and GiantBomb to try and pick up IGN. it would be a very smart move imo. what are your thoughts on this? giving credit to Laura Parker for here article here on Gamespot for helping me with my Blog.

Hacker Goes on Massive WoW Killing Spree; World Survives.

It was a case of death imitating art. Or at least virtual game world imitating cartoon. In a scene reminiscent of a famous South Park episode, a hacker went on a massive killing spree in World of Warcraft over the weekend, taking advantage of a vulnerability to off hordes of characters in the popular online game before game administrators stepped in to stop him. His massacre was captured on video The bloodbath is similar to a popular 2006 episode of the animated series South Park called Make Love, Not Warcraft, in which the cartoons four lead characters faced off against a player in the massive multi-player game who went on a character-killing rampage. Blizzard Entertainment, the company behind World of Warcraft, acknowledged that a hacker had used an exploit to conduct his massacre over the weekend and said it had administered a fix to keep it from happening again. Earlier today, certain realms were affected by an in-game exploit, resulting in the deaths of player characters and non-player characters in some of the major cities, wrote one of Blizzards moderators on a player forum. This exploit has already been hotfixed, so it should not be repeatable. Its safe to continue playing and adventuring in major cities and elsewhere in Azeroth. World of Warcraft players didnt really lose anything in the massacre. WoW characters can get their lives back. WoW players, on the other hand, have already lost theirs. Hacker Goes on Massive WoW Killing Spree; World Survives.

New Items I Got Yesterday.

     went out of town and get a few games as you can see in the pics. got the Avengers at Best Buy, got Borderlands 2 at Gamestop. got Final Fantasy Chronicles and Namco Museum at Gamers. i went to Iowa City Iowa and had a blast.. i also got 2 Shirts at Hot Topic.  i also won All-Star Squadron for 142 Credits on Listia on Monday.

Glitchspot Is A Joke, A Complete Joke.

been a long time member and you all know that. what gets me is that this site is getting worse and worse every single day and it shows. i get OOPS, BONK! and now Forums are down. sorry Glitchspot, but this crap has gone on long enough and yet you never seem to fix the crap, you just make it worse and worse and not care about the people who visit this site on a daily basis. do us all favor Glitchspot, fix the glitches or lose more people like you are right now. trust me, i am being honest since you don't Mod people anymore since you took all the Mod powers away from the Mods here. really great job on that one too. lame ass site is lame.

GlitchSpot Is Garbage.

i am seeing more and more Blogs about how bad this site sucks lately and i agree. i remember when i first joined in 2005. the site was fun to look around at but i barely posted here. in 2007 i joined Gamefaqs and started posting there till i was banned and i came back here and started posting here again in 2008. that was over 4 years ago and the site was fun to post at. there were a few glitches but nothing like we have now. this site has gone to hell in the past 4 years and i barely post here anymore.