George Lucas launched Lucasfilm in 1971 and the first Star Wars film was released in 1977.
BBC: Disney buys Star Wars maker Lucasfilm from George Lucas
Founded by George Lucas in 1971, Lucasfilm is a privately held, fully-integrated entertainment company.
ENGADGET: Disney acquires Lucasfilm for $4.05 billion, plans more Star Wars movies
Lucasfilm has not released a Star Wars film since Revenge of the Sith in 2005.
ENGADGET: Disney acquires Lucasfilm for $4.05 billion, plans more Star Wars movies
"Each standalone film will focus on a specific character, " Lucasfilm said on its starwars.com site.
Interestingly, Pixar was born as the Graphics Group in 1979, a part of Lucasfilm.
FORBES: Disney Bets Luke Skywalker Makes More Money With Mouse Ears
Lucasfilm to join company's global portfolio of world class brands including Disney, ESPN, Pixar, Marvel and ABC.
ENGADGET: Disney acquires Lucasfilm for $4.05 billion, plans more Star Wars movies
Global leader in high-quality family entertainment agrees to acquire world-renowned Lucasfilm Ltd, including legendary STAR WARS franchise.
ENGADGET: Disney acquires Lucasfilm for $4.05 billion, plans more Star Wars movies
It is not clear how existing Lucasfilm deals will affect monetization with Fox, owned by News Corp.
FORBES: Disney Bets Luke Skywalker Makes More Money With Mouse Ears
In the meantime, Lucasfilm , the production company behind Star Wars, is appealing to die-hard Star Wars fans.
He also did the makeup for Peter Sellers in "Doctor Strangelove, " Lucasfilm said on its starwars.com website.
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The former software engineer also targeted his old company, Lucasfilm, in the suit.
But Lucasfilm is pushing anyway, to make sure you see George Lucas' vision as intended: in digital format.
Kathleen Kennedy, current Co-Chairman of Lucasfilm, will become President of Lucasfilm, reporting to Walt Disney Studios Chairman Alan Horn.
ENGADGET: Disney acquires Lucasfilm for $4.05 billion, plans more Star Wars movies
"It's going to be very much up to the Lucasfilm brands how they want to play it, " he said.
Lucasfilm will disclose more details about the spinoff in the future, Iger said.
Disney, however, has the potential to make an absolute killing following its acquisition of LucasFilm and the Star Wars brand.
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Not only does Disney have a track record of digesting operations similar to Lucasfilm, there are lots of synergies here.
FORBES: Disney Bets Luke Skywalker Makes More Money With Mouse Ears
Lucasfilm, which has not yet been acquired by Disney (the deal is still pending), was not mentioned in the agreement.
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Our valuation of Lucasfilm is roughly comparable to the value we placed on Marvel when we announced that acquisition in 2009.
ENGADGET: Disney acquires Lucasfilm for $4.05 billion, plans more Star Wars movies
Lucasfilm chief Kathy Kennedy is working with a trio of writers on sequels, the first of which will be directed by J.
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Additionally, Lucasfilm Singapore, produces digital animated content for film and television, as well as visual effects for feature films and multi-platform games.
ENGADGET: Disney acquires Lucasfilm for $4.05 billion, plans more Star Wars movies
The leadership of Lucasfilm will pass to longtime producer Kathleen Kennedy.
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"We didn't want to be in the hardware business, " says Lucasfilm's Radley.
George handpicked Kathy earlier this year to lead Lucasfilm into the future.
ENGADGET: Disney acquires Lucasfilm for $4.05 billion, plans more Star Wars movies
Another spinoff from Lucasfilm was a project using powerful workstations to edit film on computers, thus relieving Lucas of the old cut-and-splice method.
Lucasfilm confirmed that Star Wars: Episode II - Attack Of The Clones and Episode III - Revenge of the Sith would be delayed.
Kasdan has a long history with Lucasfilm, as screenwriter on The Empire Strikes Back, Raiders of the Lost Ark and Return of the Jedi.
"Star Wars: The Clone Wars" is an animated show from Lucasfilm and Cartoon Network (whose parent company, Time Warner, also owns CNN).
Kathleen Kennedy, currently co-chairman of Lucasfilm, will become president of the firm and will be the executive producer on the new Star Wars films.
BBC: Disney buys Star Wars maker Lucasfilm from George Lucas
Starz remains the exclusive home of Disney theatrical releases, including its Lucasfilm, Marvel and Pixar releases, and their accompanying digital streaming rights, into 2017.
ENGADGET: Sony Pictures renews Starz exclusivity agreement, locks in until 2021
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