To quote Vice Idiot Joe Biden, “This is a big f***ing deal.”
Kathleen Kennedy, current Co-Chairman of Lucasfilm, will become President of Lucasfilm, reporting to Walt Disney Studios Chairman Alan Horn. Additionally she will serve as the brand manager for Star Wars, working directly with Disney’s global lines of business to build, further integrate, and maximize the value of this global franchise. Ms. Kennedy will serve as executive producer on new Star Wars feature films, with George Lucas serving as creative consultant. Star Wars Episode 7 is targeted for release in 2015, with more feature films expected to continue the Star Wars saga and grow the franchise well into the future.
Episode VII will be the first film in the long-rumored “sequel trilogy” (anyone else remember reading about that in Dynamite magazine back in 1980 or so?) The films will come out every TWO years with one-shot films coming out every few years after that.