The Walt Disney Co. announced Tuesday that it agreed to buy Lucasfilm for $4.05 billion, the Los Angeles Times reported.
The Associated Press reported that Disney is planning on releasing a trilogy of new "Star Wars" films. New films will be come out every two or three years, and the first one will be released in 2015.
Six "Star Wars" movies have been released, and the last was in 2005.
"I'm doing this so that the films will have a longer life," George Lucas, the creator of "Star Wars" said in a YouTube interview. "I get to be a fan now ... I sort of look forward to it. It's a lot more fun actually, than having to go out into the mud and snow."