The Walt Disney Company has acquired Lucasfilm from its founder, George Lucas, for $4.05 billion (€3.12bn) in stock and cash.

Robert A. Iger, Disney’s chief executive, said Disney planned to revive the Star Wars movie franchise and release a seventh feature film in the series in 2015, with new films coming every two or three years thereafter. Lucas will be a consultant on the film projects, Iger said.

Iger said Disney acquired a detailed treatment for the next three “Star Wars” films as part of the acquisition.

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